Hanesbrands Inc. (NYSE:HBI) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. cut its stake in Hanesbrands Inc. (NYSE:HBI) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,519 shares of the textile maker’s stock after selling 3,864 shares during the quarter. Moors & Cabot Inc.’s holdings in Hanesbrands were worth $444,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its position in Hanesbrands by 122.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after purchasing an additional 2,712 shares during the last quarter. WFA Asset Management Corp acquired a new stake in shares of Hanesbrands during the 4th quarter worth approximately $46,000. GAMMA Investing LLC raised its position in shares of Hanesbrands by 39.7% during 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 lifted its holdings in Hanesbrands by 459.2% in the fourth quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock valued at $69,000 after acquiring an additional 6,750 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Hanesbrands in the third quarter worth approximately $77,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert F. Moran acquired 74,850 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $6.01 per share, with a total value of $449,848.50. Following the purchase, the director now 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.

Hanesbrands Trading Up 2.3 %

HBI opened at $5.90 on Friday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of -6.41 and a beta of 1.75. Hanesbrands Inc. has a 52 week low of $4.40 and a 52 week high of $9.10. The business’s 50 day moving average is $7.23 and its two-hundred day moving average is $7.45. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and increased their target price for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Hanesbrands currently has a consensus rating of “Hold” and a consensus price target of $7.10.

Hanesbrands 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.