Hanesbrands Inc. (NYSE:HBI) Director Robert F. Moran Acquires 74,850 Shares

Hanesbrands Inc. (NYSE:HBI) Director Robert F. Moran bought 74,850 shares of Hanesbrands stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hanesbrands Stock Performance

Hanesbrands stock opened at $6.11 on Wednesday. The stock’s 50-day moving average is $8.10 and its 200-day moving average is $7.46. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -9.25 and a beta of 1.63. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. Hanesbrands Inc. has a 12 month low of $4.16 and a 12 month high of $9.10.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company 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 44.72% and a negative net margin of 5.24%. Equities analysts anticipate that Hanesbrands Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HBI. Stifel Nicolaus reiterated a “hold” rating and set a $7.00 target price (down from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and increased their target price for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Finally, Barclays increased their target price on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.10.

Institutional Investors Weigh In On Hanesbrands

Hedge funds have recently modified their holdings of the stock. GeoWealth Management LLC raised its holdings in shares of Hanesbrands by 2,278.8% during the 4th quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker’s stock valued at $28,000 after buying an additional 3,327 shares during the period. Blue Trust Inc. raised its holdings in shares of Hanesbrands by 42.3% during the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after buying an additional 1,594 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Hanesbrands by 122.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock valued at $40,000 after buying an additional 2,712 shares during the period. Transce3nd LLC purchased a new stake in shares of Hanesbrands during the 4th quarter valued at about $45,000. Finally, WFA Asset Management Corp purchased a new stake in shares of Hanesbrands during the 4th quarter valued at about $46,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

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.