Insider Buying: Hanesbrands Inc. (NYSE:HBI) Director Purchases 74,850 Shares of Stock

Hanesbrands Inc. (NYSE:HBI - Get Free Report) Director Robert F. Moran purchased 74,850 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the purchase, the director now directly owns 216,373 shares of the company's stock, valued at $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hanesbrands Trading Down 0.1 %

Shares of Hanesbrands stock traded down $0.01 during trading on Friday, hitting $6.16. 6,819,514 shares of the company were exchanged, compared to its average volume of 6,578,062. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68. The firm has a market capitalization of $2.17 billion, a P/E ratio of -6.69 and a beta of 1.63. The firm's fifty day moving average price is $7.91 and its 200 day moving average price is $7.46. Hanesbrands Inc. has a 1-year low of $4.40 and a 1-year high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last issued 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. The firm had revenue of $888.47 million during the quarter, compared to analysts' expectations of $899.30 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. As a group, sell-side analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays upped their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Stifel Nicolaus reissued a "hold" rating and set a $7.00 price target (down from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Finally, 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. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Hanesbrands has an average rating of "Hold" and a consensus price target of $7.10.

Institutional Trading of Hanesbrands

Several hedge funds have recently added to or reduced their stakes in HBI. Creative Planning increased its holdings in shares of Hanesbrands by 22.5% in the third quarter. Creative Planning now owns 152,998 shares of the textile maker's stock worth $1,125,000 after acquiring an additional 28,126 shares in the last quarter. Blue Trust Inc. increased its stake in Hanesbrands by 42.3% during the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker's stock worth $39,000 after purchasing an additional 1,594 shares in the last quarter. Whittier Trust Co. acquired a new stake in Hanesbrands during the 3rd quarter worth approximately $51,000. International Assets Investment Management LLC raised its holdings in Hanesbrands by 481.0% during the 3rd quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker's stock worth $3,822,000 after buying an additional 430,534 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Hanesbrands by 8.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 115,226 shares of the textile maker's stock valued at $847,000 after buying an additional 9,457 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company's stock.

Hanesbrands Company 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.