Robert F. Moran Buys 74,850 Shares of Hanesbrands Inc. (NYSE:HBI) Stock

Hanesbrands Inc. (NYSE:HBI) Director Robert F. Moran acquired 74,850 shares of the stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, with a total value of $449,848.50. Following the transaction, the director now directly owns 216,373 shares of the company’s stock, valued at $1,300,401.73. The trade was a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hanesbrands Stock Up 1.6 %

NYSE:HBI opened at $6.21 on Thursday. Hanesbrands Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $9.10. The stock has a market capitalization of $2.19 billion, a P/E ratio of -6.74 and a beta of 1.63. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37. The company’s 50-day simple moving average is $8.01 and its 200-day simple moving average is $7.46.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $888.47 million during the quarter, compared to analysts’ expectations of $899.30 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. On average, equities analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Trading of Hanesbrands

Institutional investors and hedge funds have recently bought and sold shares of the business. GeoWealth Management LLC lifted its stake in Hanesbrands by 2,278.8% during the 4th quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 3,327 shares during the period. Smartleaf Asset Management LLC increased its holdings in Hanesbrands by 122.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after acquiring an additional 2,712 shares in the last quarter. Blue Trust Inc. increased its holdings in Hanesbrands by 42.3% in the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after acquiring an additional 1,594 shares in the last quarter. Transce3nd LLC purchased a new stake in Hanesbrands in the 4th quarter worth $45,000. Finally, WFA Asset Management Corp purchased a new stake in Hanesbrands in the 4th quarter worth $46,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and raised their price target for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Finally, Barclays raised their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Hanesbrands has a consensus rating of “Hold” and a consensus target price of $7.10.

About Hanesbrands

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.