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
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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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