Wells Fargo & Company MN Has $5.24 Million Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Wells Fargo & Company MN grew its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 643,556 shares of the textile maker’s stock after purchasing an additional 39,868 shares during the period. Wells Fargo & Company MN owned approximately 0.18% of Hanesbrands worth $5,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Stifel Financial Corp boosted its position in shares of Hanesbrands by 7.8% during the third quarter. Stifel Financial Corp now owns 201,501 shares of the textile maker’s stock valued at $1,481,000 after buying an additional 14,655 shares during the last quarter. Geode Capital Management LLC raised its position in Hanesbrands by 1.1% in the third quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker’s stock worth $58,183,000 after acquiring an additional 89,367 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Hanesbrands in the third quarter valued at about $130,000. Optimist Retirement Group LLC bought a new position in shares of Hanesbrands during the 3rd quarter valued at approximately $256,000. Finally, Tidal Investments LLC bought a new stake in shares of Hanesbrands in the 3rd quarter worth approximately $1,021,000. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Price Performance

Shares of NYSE:HBI opened at $4.40 on Monday. The company has a 50-day moving average price of $5.60 and a two-hundred day moving average price of $7.17. Hanesbrands Inc. has a twelve month low of $4.02 and a twelve month high of $9.10. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. The firm has a market capitalization of $1.55 billion, a PE ratio of -4.78 and a beta of 1.55.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The company had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. Equities analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robert F. Moran bought 74,850 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, with a total value of $449,848.50. Following the acquisition, the director now owns 216,373 shares of the company’s stock, valued at approximately $1,300,401.73. The trade was a 52.89 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reduced their price objective on Hanesbrands from $7.00 to $5.00 and set a “hold” rating for the company in a report on Thursday, April 10th.

Hanesbrands Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of range of innerwear apparels for men, women, and children in the Americas, Europe, the Asia pacific, and internationally. The company operates through three segments: Innerwear, Activewear, and International.