Hanesbrands Inc. (NYSE:HBI) Shares Bought by Ieq Capital LLC

Ieq Capital LLC increased its position in Hanesbrands Inc. (NYSE:HBI) by 43.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,598 shares of the textile maker’s stock after buying an additional 7,175 shares during the period. Ieq Capital LLC’s holdings in Hanesbrands were worth $192,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its holdings in Hanesbrands by 42.3% in the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 1,594 shares during the last quarter. WFA Asset Management Corp purchased a new stake in shares of Hanesbrands in the fourth quarter valued at $46,000. GAMMA Investing LLC increased its stake 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 last quarter. Allworth Financial LP lifted its position in Hanesbrands by 459.2% during 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 acquired a new stake in Hanesbrands in the 3rd quarter worth about $77,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Trading Down 2.7 %

NYSE HBI opened at $6.01 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. Hanesbrands Inc. has a one year low of $4.40 and a one year high of $9.10. The company’s 50 day moving average price is $7.70 and its 200 day moving average price is $7.47. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -6.53 and a beta of 1.63.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $888.47 million for the quarter, compared to the consensus estimate of $899.30 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. On average, sell-side analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling

In other Hanesbrands news, Director Robert F. Moran bought 74,850 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $6.01 per share, with a total value of $449,848.50. Following the completion of the transaction, the director now owns 216,373 shares in the company, valued at $1,300,401.73. The trade was a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on HBI. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and upped their price objective for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Finally, Barclays boosted their price objective on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.10.

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.