Cubist Systematic Strategies LLC bought a new stake in Hanesbrands Inc. (NYSE:HBI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 435,499 shares of the textile maker's stock, valued at approximately $3,545,000. Cubist Systematic Strategies LLC owned about 0.12% of Hanesbrands at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. GeoWealth Management LLC grew its holdings in Hanesbrands by 2,278.8% during the 4th quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock worth $28,000 after acquiring an additional 3,327 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Hanesbrands by 122.8% in 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. Transce3nd LLC acquired a new stake in Hanesbrands during the 4th quarter valued at approximately $45,000. WFA Asset Management Corp bought a new position in Hanesbrands during the 4th quarter worth approximately $46,000. Finally, GAMMA Investing LLC lifted its position in shares of Hanesbrands by 39.7% in the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock worth $54,000 after purchasing an additional 1,895 shares during the period. 80.31% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Robert F. Moran purchased 74,850 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the acquisition, the director now owns 216,373 shares in the company, valued at $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on HBI shares. Wells Fargo & Company cut their target price on Hanesbrands from $5.00 to $3.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. Barclays set a $5.00 price objective on shares of Hanesbrands and gave the stock a "cautious" rating in a research report on Monday, April 28th. Stifel Nicolaus lowered their price objective on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group raised their price target on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $5.20.
Read Our Latest Stock Analysis on Hanesbrands
Hanesbrands Stock Performance
NYSE HBI opened at $5.09 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The company has a fifty day simple moving average of $5.17 and a 200 day simple moving average of $6.91. Hanesbrands Inc. has a 12-month low of $4.02 and a 12-month high of $9.10. The company has a market cap of $1.80 billion, a P/E ratio of -5.53 and a beta of 1.50.
Hanesbrands (NYSE:HBI - Get Free Report) last posted its earnings results on Thursday, May 8th. The textile maker reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. The company had revenue of $760.15 million for the quarter, compared to analyst estimates of $757.42 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.02) EPS. Sell-side analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.
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.
Further Reading
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