Hanesbrands Inc. (NYSE:HBI) Shares Purchased by Corton Capital Inc.

Corton Capital Inc. grew its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 23.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,626 shares of the textile maker’s stock after purchasing an additional 3,151 shares during the period. Corton Capital Inc.’s holdings in Hanesbrands were worth $135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sanctuary Advisors LLC boosted its holdings in shares of Hanesbrands by 2.2% during the fourth quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker’s stock valued at $498,000 after acquiring an additional 1,277 shares during the period. GAMMA Investing LLC lifted its position 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 purchasing an additional 1,895 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Hanesbrands by 3.5% during the 4th quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker’s stock valued at $462,000 after purchasing an additional 1,900 shares during the period. NewEdge Advisors LLC grew its position in 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 purchasing an additional 1,944 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its stake 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 purchasing an additional 1,973 shares during the period. 80.31% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Stock Up 4.0 %

HBI opened at $5.09 on Friday. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37. The company has a market capitalization of $1.80 billion, a PE ratio of -5.53 and a beta of 1.50. The stock’s fifty day moving average is $5.18 and its 200-day moving average is $6.92. Hanesbrands Inc. has a one year low of $4.02 and a one year high of $9.10.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The firm had revenue of $760.15 million for the quarter, compared to analysts’ expectations of $757.42 million. During the same period in the previous year, the business earned ($0.02) earnings per share. Hanesbrands’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity at Hanesbrands

In related news, Director Robert F. Moran purchased 74,850 shares of the company’s stock in a transaction 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 completion of the acquisition, the director now owns 216,373 shares of the company’s stock, valued at approximately $1,300,401.73. This represents a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.

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.