Taika Capital LP acquired a new position in Hanesbrands Inc. (NYSE:HBI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 129,484 shares of the textile maker's stock, valued at approximately $1,054,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new stake in Hanesbrands during the third quarter valued at approximately $652,000. Natixis Advisors LLC bought a new stake in Hanesbrands during the 3rd quarter valued at $248,000. Moors & Cabot Inc. boosted its position in Hanesbrands by 25.9% during the 3rd quarter. Moors & Cabot Inc. now owns 58,383 shares of the textile maker's stock valued at $429,000 after acquiring an additional 12,000 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Hanesbrands by 628.2% in the 3rd quarter. Intech Investment Management LLC now owns 74,766 shares of the textile maker's stock worth $550,000 after purchasing an additional 64,499 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Hanesbrands in the 3rd quarter worth $785,000. 80.31% of the stock is owned by institutional investors.
Hanesbrands Price Performance
HBI stock traded down $0.04 during trading on Thursday, hitting $5.76. The stock had a trading volume of 6,783,774 shares, compared to its average volume of 6,809,970. The company's 50 day moving average price is $7.32 and its two-hundred day moving average price is $7.46. Hanesbrands Inc. has a 1-year low of $4.40 and a 1-year high of $9.10. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -6.26 and a beta of 1.75. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37.
Hanesbrands (NYSE:HBI - Get Free Report) last issued its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $888.47 million during the quarter, compared to analysts' expectations of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. On average, sell-side analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.
Wall Street Analyst Weigh In
HBI has been the subject of a number of research analyst reports. UBS Group upgraded Hanesbrands from a "neutral" rating to a "buy" rating and raised their target price for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Stifel Nicolaus reiterated a "hold" rating and issued a $7.00 price objective (down from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four 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.
Get Our Latest Stock Report on Hanesbrands
Insider Activity at Hanesbrands
In related news, Director Robert F. Moran bought 74,850 shares of Hanesbrands stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost 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 in the company, valued at approximately $1,300,401.73. This trade represents a 52.89 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.46% of the company's stock.
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.
Read More
Before you consider Hanesbrands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hanesbrands wasn't on the list.
While Hanesbrands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
