Robert F. Moran Purchases 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 purchase, the director now owns 216,373 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website.

Hanesbrands Price Performance

Shares of HBI opened at $6.11 on Wednesday. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -9.25 and a beta of 1.63. The stock has a 50 day moving average of $8.10 and a 200-day moving average of $7.46. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50. Hanesbrands Inc. has a 52 week low of $4.16 and a 52 week high of $9.10.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (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 the consensus estimate of $899.30 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. As a group, analysts forecast that Hanesbrands Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

HBI has been the subject of a number of recent analyst reports. Barclays raised their price objective on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and raised their price objective for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus restated a “hold” rating and set a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Four equities 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 has a consensus rating of “Hold” and a consensus target price of $7.10.

Institutional Trading of Hanesbrands

Several hedge funds have recently made changes to their positions in HBI. Creative Planning lifted its holdings in shares of Hanesbrands by 22.5% in the 3rd quarter. Creative Planning now owns 152,998 shares of the textile maker’s stock worth $1,125,000 after purchasing an additional 28,126 shares during the last quarter. Blue Trust Inc. raised its stake in Hanesbrands by 42.3% during the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 1,594 shares in the last quarter. Whittier Trust Co. bought a new stake in Hanesbrands during the 3rd quarter valued at $51,000. International Assets Investment Management LLC raised its stake in Hanesbrands by 481.0% during the 3rd quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock valued at $3,822,000 after acquiring an additional 430,534 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Hanesbrands by 8.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 115,226 shares of the textile maker’s stock valued at $847,000 after acquiring an additional 9,457 shares in the last quarter. Institutional investors own 80.31% of the company’s stock.

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.