83,809 Shares in Hanesbrands Inc. (NYSE:HBI) Purchased by Optimize Financial Inc

Optimize Financial Inc acquired a new stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 83,809 shares of the textile maker's stock, valued at approximately $682,000.

Several other large investors also recently modified their holdings of HBI. Smartleaf Asset Management LLC grew its position in shares of Hanesbrands by 122.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock worth $40,000 after buying an additional 2,712 shares during the last quarter. WFA Asset Management Corp bought a new position in Hanesbrands in the 4th quarter worth $46,000. 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. 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 worth $69,000 after buying an additional 6,750 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in Hanesbrands during the 3rd quarter valued at approximately $77,000. 80.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran bought 74,850 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price 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 trade represents a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.46% of the company's stock.

Hanesbrands Stock Performance

NYSE:HBI traded up $0.08 on Thursday, hitting $4.40. The stock had a trading volume of 4,341,306 shares, compared to its average volume of 7,127,041. Hanesbrands Inc. has a 52-week low of $4.02 and a 52-week high of $9.10. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -4.78 and a beta of 1.55. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. The business's 50-day simple moving average is $5.73 and its two-hundred day simple moving average is $7.21.

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

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus dropped their price target on Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th.

Hanesbrands Company 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.