HAP Trading LLC grew its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 995,422 shares of the textile maker's stock after buying an additional 81,719 shares during the quarter. Hanesbrands comprises 0.7% of HAP Trading LLC's investment portfolio, making the stock its 19th biggest holding. HAP Trading LLC owned 0.28% of Hanesbrands worth $8,103,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Canada Pension Plan Investment Board purchased a new position in Hanesbrands in the 4th quarter valued at approximately $219,000. NewEdge Advisors LLC raised its stake in shares of Hanesbrands by 4.3% during the 4th quarter. NewEdge Advisors LLC now owns 46,806 shares of the textile maker's stock worth $381,000 after buying an additional 1,944 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Hanesbrands by 5.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 36,964 shares of the textile maker's stock worth $301,000 after buying an additional 1,973 shares in the last quarter. Optimize Financial Inc acquired a new stake in Hanesbrands in the 4th quarter valued at about $682,000. Finally, Petros Family Wealth LLC purchased a new position in Hanesbrands during the 4th quarter valued at about $93,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on HBI. UBS Group raised their price objective on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Wednesday. Stifel Nicolaus decreased their price objective on Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th.
Get Our Latest Analysis on HBI
Hanesbrands Trading Up 4.0 %
Shares of Hanesbrands stock traded up $0.18 during trading hours on Wednesday, reaching $4.66. 2,725,437 shares of the company's stock were exchanged, compared to its average volume of 7,088,481. The company has a fifty day moving average of $5.50 and a 200-day moving average of $7.13. Hanesbrands Inc. has a 52-week low of $4.02 and a 52-week high of $9.10. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -5.07 and a beta of 1.55. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28.
Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The business had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. Sell-side analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Robert F. Moran acquired 74,850 shares of Hanesbrands stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the purchase, the director now directly owns 216,373 shares in the company, valued at $1,300,401.73. This trade represents a 52.89 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company's stock.
About Hanesbrands
(
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
Before you consider Hanesbrands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hanesbrands wasn't on the list.
While Hanesbrands currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
