Raymond James Financial Inc. Takes Position in Hanesbrands Inc. (NYSE:HBI)

Raymond James Financial Inc. acquired a new stake in Hanesbrands Inc. (NYSE:HBI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 662,796 shares of the textile maker's stock, valued at approximately $5,395,000. Raymond James Financial Inc. owned about 0.19% of Hanesbrands as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Sanctuary Advisors LLC raised its holdings in shares of Hanesbrands by 2.2% in the fourth quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker's stock worth $498,000 after buying an additional 1,277 shares during the last quarter. GAMMA Investing LLC raised its stake in Hanesbrands by 39.7% in the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock worth $54,000 after acquiring an additional 1,895 shares during the last quarter. Avior Wealth Management LLC lifted its position in Hanesbrands by 3.5% during the 4th quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker's stock worth $462,000 after acquiring an additional 1,900 shares during the period. New York State Common Retirement Fund grew its stake in Hanesbrands by 2.3% during the 4th quarter. New York State Common Retirement Fund now owns 109,606 shares of the textile maker's stock valued at $892,000 after purchasing an additional 2,436 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Hanesbrands by 122.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock valued at $40,000 after purchasing an additional 2,712 shares during the period. 80.31% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Hanesbrands

In other news, Director Robert F. Moran acquired 74,850 shares of the business's stock in a transaction 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 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.46% of the company's stock.

Hanesbrands Stock Performance

HBI traded down $0.10 during midday trading on Friday, hitting $5.78. 4,525,886 shares of the company were exchanged, compared to its average volume of 7,065,322. The company's 50 day simple moving average is $6.75 and its 200 day simple moving average is $7.42. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -6.28 and a beta of 1.75. Hanesbrands Inc. has a 1-year low of $4.40 and a 1-year high of $9.10. 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 (NYSE:HBI - Get Free Report) last posted its earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping 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 firm had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. As a group, sell-side analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.