124,634 Shares in Hanesbrands Inc. (NYSE:HBI) Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new stake in Hanesbrands Inc. (NYSE:HBI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 124,634 shares of the textile maker's stock, valued at approximately $1,015,000.

A number of other institutional investors have also modified their holdings of the company. GeoWealth Management LLC grew its stake in Hanesbrands by 2,278.8% during the fourth quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock worth $28,000 after buying 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 valued at $40,000 after purchasing an additional 2,712 shares in the last quarter. Transce3nd LLC purchased a new position in Hanesbrands in the fourth quarter valued at about $45,000. WFA Asset Management Corp purchased a new stake in shares of Hanesbrands during the fourth quarter valued at approximately $46,000. Finally, GAMMA Investing LLC increased its stake in Hanesbrands by 39.7% during the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock worth $54,000 after buying an additional 1,895 shares during the period. Hedge funds and other institutional investors own 80.31% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Stifel Nicolaus cut their price target on Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. UBS Group lifted their price target on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Barclays set a $5.00 price objective on shares of Hanesbrands and gave the company a "cautious" rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company cut their target price on shares of Hanesbrands from $5.00 to $3.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $5.20.

Insider Activity at Hanesbrands

In related news, Director Robert F. Moran acquired 74,850 shares of Hanesbrands stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price 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 of the company's stock, valued at $1,300,401.73. This trade represents a 52.89 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is currently owned by insiders.

Hanesbrands Stock Performance

Shares of NYSE:HBI traded down $0.08 during trading on Tuesday, reaching $4.73. 1,277,114 shares of the company's stock traded hands, compared to its average volume of 7,064,641. The stock has a market capitalization of $1.67 billion, a P/E ratio of -5.15 and a beta of 1.50. Hanesbrands Inc. has a 12 month low of $4.02 and a 12 month high of $9.10. The company has a 50 day moving average of $5.25 and a 200-day moving average of $6.97. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $888.47 million for 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, equities analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current year.

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.