Inceptionr LLC Invests $422,000 in Hanesbrands Inc. (NYSE:HBI)

Inceptionr LLC purchased a new position in Hanesbrands Inc. (NYSE:HBI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,831 shares of the textile maker's stock, valued at approximately $422,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HBI. Aigen Investment Management LP bought a new stake in Hanesbrands in the 3rd quarter valued at about $652,000. Natixis Advisors LLC bought a new stake in shares of Hanesbrands during the third quarter valued at approximately $248,000. Moors & Cabot Inc. raised its position in shares of Hanesbrands by 25.9% during the third quarter. Moors & Cabot Inc. now owns 58,383 shares of the textile maker's stock worth $429,000 after purchasing an additional 12,000 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Hanesbrands by 628.2% in the 3rd quarter. Intech Investment Management LLC now owns 74,766 shares of the textile maker's stock worth $550,000 after purchasing an additional 64,499 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Hanesbrands in the 3rd quarter valued at $785,000. 80.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HBI shares. UBS Group raised shares of Hanesbrands from a "neutral" rating to a "buy" rating and raised their price objective for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Stifel Nicolaus reiterated a "hold" rating and set a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $7.10.

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Insider Buying and Selling at Hanesbrands

In other news, Director Robert F. Moran purchased 74,850 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $6.01 per share, with a total value of $449,848.50. Following the transaction, the director now directly owns 216,373 shares of the company's stock, valued at approximately $1,300,401.73. This represents a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by corporate insiders.

Hanesbrands Stock Up 0.1 %

NYSE:HBI traded up $0.01 on Wednesday, hitting $5.78. The stock had a trading volume of 6,296,876 shares, compared to its average volume of 6,771,206. Hanesbrands Inc. has a 1 year low of $4.40 and a 1 year high of $9.10. The firm's fifty day simple moving average is $7.37 and its two-hundred day simple moving average is $7.47. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37. The stock has a market cap of $2.04 billion, a P/E ratio of -6.28 and a beta of 1.75.

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

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.