Optimize Financial Inc Acquires New Holdings in Hanesbrands Inc. (NYSE:HBI)

Optimize Financial Inc acquired a new stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 83,809 shares of the textile maker's stock, valued at approximately $682,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HBI. Sanctuary Advisors LLC lifted its position in shares of Hanesbrands by 2.2% in the 4th quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker's stock valued at $498,000 after acquiring an additional 1,277 shares in the last quarter. GAMMA Investing LLC raised its stake in 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 purchasing an additional 1,895 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Hanesbrands by 3.5% in the fourth quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker's stock valued at $462,000 after purchasing an additional 1,900 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of 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 buying an additional 2,436 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Hanesbrands by 122.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock valued at $40,000 after buying an additional 2,712 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.

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Hanesbrands Stock Up 0.3 %

Shares of NYSE:HBI traded up $0.02 during trading on Tuesday, reaching $4.44. 6,360,522 shares of the company traded hands, compared to its average volume of 7,166,173. The firm has a fifty day simple moving average of $5.86 and a 200 day simple moving average of $7.25. 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 1-year low of $4.02 and a 1-year high of $9.10. The firm has a market cap of $1.57 billion, a P/E ratio of -4.82 and a beta of 1.55.

Hanesbrands (NYSE:HBI - Get Free Report) last released 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 firm had revenue of $888.47 million during the quarter, compared to analysts' expectations of $899.30 million. Analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reduced their price objective on Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a research note on Thursday, April 10th.

Insider Buying and Selling at Hanesbrands

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