Signaturefd LLC Sells 21,696 Shares of Hanesbrands Inc. (NYSE:HBI)

Signaturefd LLC cut its stake in Hanesbrands Inc. (NYSE:HBI) by 74.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,565 shares of the textile maker’s stock after selling 21,696 shares during the quarter. Signaturefd LLC’s holdings in Hanesbrands were worth $62,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HBI. Sanctuary Advisors LLC increased its stake in Hanesbrands by 2.2% during the 4th quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker’s stock valued at $498,000 after purchasing an additional 1,277 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 1,895 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Hanesbrands by 3.5% in the 4th quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker’s stock worth $462,000 after acquiring an additional 1,900 shares during the last quarter. New York State Common Retirement Fund lifted its position in Hanesbrands by 2.3% in the 4th quarter. New York State Common Retirement Fund now owns 109,606 shares of the textile maker’s stock valued at $892,000 after acquiring an additional 2,436 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Hanesbrands by 122.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 2,712 shares during the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Stock Performance

HBI opened at $6.04 on Tuesday. Hanesbrands Inc. has a 12-month low of $4.40 and a 12-month high of $9.10. The company has a market cap of $2.13 billion, a price-to-earnings ratio of -6.56 and a beta of 1.75. 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’s 50 day moving average is $6.95 and its 200 day moving average is $7.45.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities research analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HBI shares. UBS Group raised 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.10.

Insider Buying and Selling

In other news, Director Robert F. Moran bought 74,850 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $6.01 per share, with a total value of $449,848.50. Following 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by 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.