Hanesbrands (NYSE:HBI) Reaches New 12-Month Low - Time to Sell?

Hanesbrands Inc. (NYSE:HBI - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $4.40 and last traded at $4.62, with a volume of 2864196 shares trading hands. The stock had previously closed at $4.92.

Analyst Ratings Changes

Separately, Stifel Nicolaus reissued a "hold" rating and issued a $7.00 target price (down previously from $8.00) on shares of Hanesbrands in a report on Friday, February 14th.

Hanesbrands Trading Up 11.7 %

The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -5.28 and a beta of 1.55. The firm's 50-day moving average is $6.08 and its 200 day moving average is $7.30. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28.

Hanesbrands (NYSE:HBI - Get Free Report) last announced 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. On average, equities analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

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Insiders Place Their Bets

In other news, Director Robert F. Moran acquired 74,850 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the purchase, the director now owns 216,373 shares in the company, valued at approximately $1,300,401.73. This represents a 52.89 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company's stock.

Institutional Trading of Hanesbrands

Hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its holdings in Hanesbrands by 4.5% during the third quarter. The Manufacturers Life Insurance Company now owns 184,714 shares of the textile maker's stock valued at $1,358,000 after purchasing an additional 7,897 shares during the period. FMR LLC grew its stake in shares of Hanesbrands by 203.5% during the 3rd quarter. FMR LLC now owns 115,833 shares of the textile maker's stock worth $851,000 after acquiring an additional 77,669 shares during the period. Quantinno Capital Management LP bought a new position in shares of Hanesbrands during the 3rd quarter worth $77,000. Stifel Financial Corp increased its holdings in Hanesbrands by 7.8% in the 3rd quarter. Stifel Financial Corp now owns 201,501 shares of the textile maker's stock worth $1,481,000 after acquiring an additional 14,655 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Hanesbrands in the 3rd quarter valued at about $996,000. Institutional investors own 80.31% of the company's stock.

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.