HAP Trading LLC Acquires 81,719 Shares of Hanesbrands Inc. (NYSE:HBI)

HAP Trading LLC increased its holdings in Hanesbrands Inc. (NYSE:HBI) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 995,422 shares of the textile maker’s stock after buying an additional 81,719 shares during the period. Hanesbrands comprises approximately 0.7% of HAP Trading LLC’s investment portfolio, making the stock its 19th biggest holding. HAP Trading LLC’s holdings in Hanesbrands were worth $8,103,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its position in shares of Hanesbrands by 122.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after purchasing an additional 2,712 shares in the last quarter. WFA Asset Management Corp purchased a new position in Hanesbrands during the fourth quarter worth about $46,000. GAMMA Investing LLC raised its position in Hanesbrands by 39.7% in the fourth 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 period. Allworth Financial LP boosted its holdings in Hanesbrands by 459.2% during the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock valued at $69,000 after acquiring an additional 6,750 shares during the period. Finally, Bonfire Financial acquired a new position in shares of Hanesbrands during the fourth quarter worth about $90,000. 80.31% of the stock is currently owned by institutional investors.

Hanesbrands Trading Up 1.7 %

Shares of NYSE HBI opened at $4.40 on Friday. The stock has a market capitalization of $1.55 billion, a P/E ratio of -4.78 and a beta of 1.55. Hanesbrands Inc. has a 52-week low of $4.02 and a 52-week high of $9.10. The stock’s 50 day moving average price is $5.73 and its two-hundred day moving average price is $7.21. 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 (NYSE:HBI) last issued its quarterly earnings results 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 analysts’ expectations of $899.30 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. On average, analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their price target on shares of Hanesbrands from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, April 10th.

Insider Activity at Hanesbrands

In other news, Director Robert F. Moran purchased 74,850 shares of Hanesbrands stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost 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 in the company, valued at approximately $1,300,401.73. This represents a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

About Hanesbrands

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.