Raymond James Financial Inc. Takes Position in Hanesbrands Inc. (NYSE:HBI)

Raymond James Financial Inc. purchased a new position in Hanesbrands Inc. (NYSE:HBI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 662,796 shares of the textile maker's stock, valued at approximately $5,395,000. Raymond James Financial Inc. owned 0.19% of Hanesbrands as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in Hanesbrands during the 3rd quarter worth $130,000. Optimist Retirement Group LLC purchased a new stake in shares of Hanesbrands during the third quarter worth about $256,000. Tidal Investments LLC purchased a new position in Hanesbrands in the third quarter valued at about $1,021,000. JPMorgan Chase & Co. raised its position in shares of Hanesbrands by 484.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker's stock valued at $15,757,000 after purchasing an additional 1,776,690 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Hanesbrands by 39.7% during 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 last quarter. Institutional investors and hedge funds own 80.31% of the company's stock.

Hanesbrands Stock Performance

HBI stock traded down $0.20 during trading on Wednesday, hitting $4.59. 9,273,749 shares of the company's stock traded hands, compared to its average volume of 7,071,264. The stock has a fifty day moving average price of $5.35 and a two-hundred day moving average price of $7.03. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. Hanesbrands Inc. has a 52 week low of $4.02 and a 52 week high of $9.10. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -4.99 and a beta of 1.55.

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, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $899.30 million. As a group, equities analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Hanesbrands from $5.00 to $3.00 and set an "underweight" rating for the company in a research note on Wednesday. Barclays set a $5.00 target price on shares of Hanesbrands and gave the stock a "cautious" rating in a research report on Monday. UBS Group increased their price target on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus lowered their price objective 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 given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Hanesbrands presently has an average rating of "Hold" and an average target price of $5.20.

Insider Transactions at Hanesbrands

In other news, Director Robert F. Moran acquired 74,850 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, with a total value of $449,848.50. Following the acquisition, the director now directly owns 216,373 shares in the company, valued at approximately $1,300,401.73. The trade was a 52.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.

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.