Hanesbrands Inc. (NYSE:HBI) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 175.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 276,547 shares of the textile maker's stock after buying an additional 176,238 shares during the quarter. Hsbc Holdings PLC owned about 0.08% of Hanesbrands worth $2,283,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HBI. Sanctuary Advisors LLC grew its stake in shares of Hanesbrands by 2.2% in the 4th quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker's stock valued at $498,000 after purchasing an additional 1,277 shares during the last quarter. GAMMA Investing LLC increased its stake in Hanesbrands by 39.7% in 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. Avior Wealth Management LLC increased its stake in Hanesbrands by 3.5% in the 4th quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker's stock valued at $462,000 after buying an additional 1,900 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Hanesbrands by 4.3% in the 4th quarter. NewEdge Advisors LLC now owns 46,806 shares of the textile maker's stock worth $381,000 after acquiring an additional 1,944 shares during the period. Finally, Summit Investment Advisors Inc. boosted its holdings in shares of Hanesbrands by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 36,964 shares of the textile maker's stock valued at $301,000 after acquiring an additional 1,973 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company's stock.

Analyst Ratings Changes

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

Hanesbrands Price Performance

Shares of NYSE:HBI traded down $0.08 during trading on Tuesday, hitting $4.73. 771,326 shares of the stock were exchanged, compared to its average volume of 7,063,435. The company has a market cap of $1.67 billion, a PE ratio of -5.16 and a beta of 1.50. 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 moving average price of $5.25 and a two-hundred day moving average price of $6.97. Hanesbrands Inc. has a 12-month low of $4.02 and a 12-month high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last posted 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. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. The company had revenue of $888.47 million for the quarter, compared to the consensus estimate of $899.30 million. On average, analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by insiders.

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.