Renaissance Technologies LLC Purchases 381,201 Shares of Hanesbrands Inc. (NYSE:HBI)

Renaissance Technologies LLC grew its holdings in Hanesbrands Inc. (NYSE:HBI) by 21.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,185,401 shares of the textile maker’s stock after acquiring an additional 381,201 shares during the period. Renaissance Technologies LLC owned about 0.62% of Hanesbrands worth $17,789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its stake in Hanesbrands by 2.2% during the fourth quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker’s stock valued at $498,000 after buying an additional 1,277 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Hanesbrands by 39.7% during the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock valued at $54,000 after buying an additional 1,895 shares in the last quarter. Avior Wealth Management LLC grew its position in Hanesbrands by 3.5% in the fourth quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker’s stock worth $462,000 after acquiring an additional 1,900 shares in the last quarter. New York State Common Retirement Fund grew its position in Hanesbrands by 2.3% in the fourth quarter. New York State Common Retirement Fund now owns 109,606 shares of the textile maker’s stock worth $892,000 after acquiring an additional 2,436 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Hanesbrands by 122.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after acquiring an additional 2,712 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors.

Hanesbrands Stock Down 1.9 %

Shares of NYSE HBI opened at $4.38 on Monday. The company has a market cap of $1.54 billion, a P/E ratio of -4.76 and a beta of 1.55. The firm has a 50-day simple moving average of $5.94 and a two-hundred day simple moving average of $7.27. Hanesbrands Inc. has a 1 year low of $4.02 and a 1 year high of $9.10. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68.

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

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus decreased their price target on Hanesbrands from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday.

Insider Buying and Selling

In other news, Director Robert F. Moran bought 74,850 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $6.01 per share, with a total value of $449,848.50. Following the transaction, the director now directly owns 216,373 shares in the company, valued at approximately $1,300,401.73. This trade represents a 52.89 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.

About Hanesbrands

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.