Proficio Capital Partners LLC Invests $346,000 in Hanesbrands Inc. (NYSE:HBI)

Proficio Capital Partners LLC bought a new stake in Hanesbrands Inc. (NYSE:HBI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,532 shares of the textile maker's stock, valued at approximately $346,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC purchased a new position in Hanesbrands during the third quarter valued at $248,000. Intech Investment Management LLC boosted its stake in Hanesbrands by 628.2% during the third quarter. Intech Investment Management LLC now owns 74,766 shares of the textile maker's stock worth $550,000 after acquiring an additional 64,499 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Hanesbrands by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker's stock worth $32,212,000 after buying an additional 11,074 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Hanesbrands by 4.5% in the third quarter. The Manufacturers Life Insurance Company now owns 184,714 shares of the textile maker's stock worth $1,358,000 after acquiring an additional 7,897 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Hanesbrands by 203.5% in the third 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 last quarter. Hedge funds and other institutional investors own 80.31% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reaffirmed a "hold" rating and issued a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.10.

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Insider Activity

In other news, Director Robert F. Moran acquired 74,850 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $6.01 per share, with a total value of $449,848.50. Following the completion of the acquisition, the director now directly owns 216,373 shares of the company's stock, valued at approximately $1,300,401.73. The trade was a 52.89 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by corporate insiders.

Hanesbrands Stock Down 1.6 %

HBI stock traded down $0.10 during midday trading on Friday, hitting $5.78. The company's stock had a trading volume of 4,525,886 shares, compared to its average volume of 7,069,814. The firm's 50-day moving average is $6.75 and its 200-day moving average is $7.43. 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 Inc. has a 12 month low of $4.40 and a 12 month high of $9.10. The company has a market cap of $2.04 billion, a PE ratio of -6.28 and a beta of 1.75.

Hanesbrands (NYSE:HBI - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, beating the consensus estimate 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 company had revenue of $888.47 million for the quarter, compared to analysts' expectations of $899.30 million. On average, equities research analysts forecast that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal 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.