Empowered Funds LLC Makes New Investment in Hanesbrands Inc. (NYSE:HBI)

Empowered Funds LLC bought a new stake in shares of Hanesbrands Inc. (NYSE:HBI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 58,123 shares of the textile maker’s stock, valued at approximately $473,000.

A number of other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. raised its position in Hanesbrands by 42.3% during the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 1,594 shares during the period. GAMMA Investing LLC increased its position 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 purchasing an additional 1,895 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of 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 last quarter. Nisa Investment Advisors LLC raised its holdings in Hanesbrands by 6.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 45,876 shares of the textile maker’s stock valued at $373,000 after buying an additional 2,952 shares during the period. Finally, KBC Group NV lifted its position in Hanesbrands by 38.1% in the fourth quarter. KBC Group NV now owns 15,701 shares of the textile maker’s stock worth $128,000 after buying an additional 4,332 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HBI. 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 report on Monday, November 11th. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.10.

Hanesbrands Trading Up 1.6 %

Shares of HBI opened at $6.21 on Thursday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -6.74 and a beta of 1.63. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68. Hanesbrands Inc. has a 1-year low of $4.16 and a 1-year high of $9.10. The company has a 50-day moving average of $8.01 and a 200 day moving average of $7.46.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. On average, research analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran bought 74,850 shares of the business’s stock in a transaction 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 transaction, the director now owns 216,373 shares of the company’s stock, valued at approximately $1,300,401.73. This trade represents a 52.89 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

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.