New Age Alpha Advisors LLC Makes New Investment in Hanesbrands Inc. (NYSE:HBI)

New Age Alpha Advisors LLC purchased a new stake in Hanesbrands Inc. (NYSE:HBI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 51,490 shares of the textile maker's stock, valued at approximately $419,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HBI. Sanctuary Advisors LLC grew its holdings in Hanesbrands by 2.2% during the 4th quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker's stock worth $498,000 after acquiring an additional 1,277 shares during the period. GAMMA Investing LLC grew its stake in Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock worth $54,000 after purchasing an additional 1,895 shares during the period. Avior Wealth Management LLC increased its holdings 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 purchasing an additional 1,900 shares in the last quarter. New York State Common Retirement Fund lifted its stake 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 valued at $892,000 after buying an additional 2,436 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Hanesbrands by 122.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock worth $40,000 after buying an additional 2,712 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company's stock.

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Insider Transactions at Hanesbrands

In other news, Director Robert F. Moran acquired 74,850 shares of Hanesbrands 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 transaction, the director now 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

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

Hanesbrands Stock Performance

Hanesbrands stock traded down $0.26 during mid-day trading on Friday, reaching $4.67. 15,262,750 shares of the company's stock were exchanged, compared to its average volume of 7,042,933. The business's fifty day simple moving average is $6.45 and its 200 day simple moving average is $7.39. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. Hanesbrands Inc. has a one year low of $4.40 and a one year high of $9.10. The firm has a market capitalization of $1.65 billion, a PE ratio of -5.07 and a beta of 1.55.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $899.30 million. On average, sell-side analysts expect 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.