State of New Jersey Common Pension Fund D purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 253,829 shares of the textile maker's stock, valued at approximately $2,066,000. State of New Jersey Common Pension Fund D owned 0.07% of Hanesbrands at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in shares of Hanesbrands by 42.3% in the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker's stock valued at $39,000 after purchasing an additional 1,594 shares during the period. WFA Asset Management Corp purchased a new position in Hanesbrands in the 4th quarter valued at $46,000. GAMMA Investing LLC increased 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 valued at $54,000 after buying an additional 1,895 shares during the period. Allworth Financial LP raised its position in Hanesbrands by 459.2% during the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker's stock worth $69,000 after buying an additional 6,750 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Hanesbrands during the 3rd quarter worth $77,000. 80.31% of the stock is owned by hedge funds and other institutional investors.
Hanesbrands Price Performance
Shares of NYSE HBI traded down $0.03 during midday trading on Monday, hitting $6.12. The company had a trading volume of 7,330,039 shares, compared to its average volume of 6,599,555. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. The business has a 50-day simple moving average of $7.86 and a two-hundred day simple moving average of $7.49. Hanesbrands Inc. has a twelve month low of $4.40 and a twelve month high of $9.10. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of -6.65 and a beta of 1.63.
Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly 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. The business had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. Equities research analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Robert F. Moran purchased 74,850 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $6.01 per share, with a total value 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 represents a 52.89 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is owned by company insiders.
Analysts Set New Price Targets
HBI has been the topic of several analyst reports. UBS Group raised shares of Hanesbrands from a "neutral" rating to a "buy" rating and lifted their target price for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays boosted their target price on Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Finally, Stifel Nicolaus reissued a "hold" rating and set a $7.00 target price (down from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $7.10.
Read Our Latest Research Report on HBI
Hanesbrands Company Profile
(
Free Report)
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.
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