Allworth Financial LP Acquires 6,750 Shares of Hanesbrands Inc. (NYSE:HBI)

Allworth Financial LP increased its holdings in Hanesbrands Inc. (NYSE:HBI) by 459.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,220 shares of the textile maker’s stock after purchasing an additional 6,750 shares during the quarter. Allworth Financial LP’s holdings in Hanesbrands were worth $69,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HBI. Creative Planning increased its holdings in shares of Hanesbrands by 22.5% in the 3rd quarter. Creative Planning now owns 152,998 shares of the textile maker’s stock valued at $1,125,000 after acquiring an additional 28,126 shares during the period. Blue Trust Inc. lifted its stake 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 worth $39,000 after purchasing an additional 1,594 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Hanesbrands by 481.0% in the 3rd quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock valued at $3,822,000 after buying an additional 430,534 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Hanesbrands by 8.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 115,226 shares of the textile maker’s stock worth $847,000 after purchasing an additional 9,457 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Hanesbrands in the 3rd quarter worth $652,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Analyst Ratings Changes

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

Hanesbrands Price Performance

Shares of NYSE:HBI opened at $6.12 on Tuesday. Hanesbrands Inc. has a twelve month low of $4.40 and a twelve month high of $9.10. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The company has a market cap of $2.16 billion, a PE ratio of -6.65 and a beta of 1.63. The company’s 50 day moving average is $7.86 and its 200 day moving average is $7.49.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $888.47 million for the quarter, compared to analyst estimates 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 forecast that Hanesbrands Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling at Hanesbrands

In other news, Director Robert F. Moran bought 74,850 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $6.01 per share, with a total value of $449,848.50. Following the acquisition, the director now directly owns 216,373 shares in the company, valued at $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

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.