Xponance Inc. Lowers Position in Hanesbrands Inc. (NYSE:HBI)

Xponance Inc. trimmed its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,877 shares of the textile maker’s stock after selling 1,854 shares during the period. Xponance Inc.’s holdings in Hanesbrands were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HBI. Sanctuary Advisors LLC boosted its holdings in shares of 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 during the last quarter. GAMMA Investing LLC boosted its stake in 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 buying an additional 1,895 shares during the last quarter. Avior Wealth Management LLC grew its holdings in 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 buying an additional 1,900 shares in the last quarter. New York State Common Retirement Fund increased its stake 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 worth $892,000 after acquiring an additional 2,436 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Hanesbrands by 122.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after acquiring an additional 2,712 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors.

Insider Activity

In other Hanesbrands news, Director Robert F. Moran acquired 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, for a total transaction of $449,848.50. Following the acquisition, the director now directly 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus restated a “hold” rating and issued a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.10.

Hanesbrands Trading Down 1.6 %

Shares of HBI stock opened at $5.78 on Friday. The company has a market cap of $2.04 billion, a PE ratio of -6.28 and a beta of 1.75. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $6.75 and its two-hundred day simple moving average is $7.42. Hanesbrands Inc. has a 1 year low of $4.40 and a 1 year high of $9.10.

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

Hanesbrands Company 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.