O Shaughnessy Asset Management LLC Takes $313,000 Position in Hanesbrands Inc. (NYSE:HBI)

O Shaughnessy Asset Management LLC purchased a new position in Hanesbrands Inc. (NYSE:HBI) during the 4th quarter, Holdings Channel.com reports. The firm purchased 38,494 shares of the textile maker’s stock, valued at approximately $313,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its holdings in shares of Hanesbrands by 2.2% during the fourth quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker’s stock valued at $498,000 after acquiring an additional 1,277 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 in the last quarter. Avior Wealth Management LLC raised its holdings in Hanesbrands by 3.5% in the fourth quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker’s stock worth $462,000 after buying an additional 1,900 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Hanesbrands by 2.3% in the fourth quarter. New York State Common Retirement Fund now owns 109,606 shares of the textile maker’s stock worth $892,000 after buying an additional 2,436 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Hanesbrands by 122.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock valued at $40,000 after buying an additional 2,712 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.

Insider Buying and Selling at Hanesbrands

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 shares were bought at an average price of $6.01 per share, with a total value of $449,848.50. Following the completion of the acquisition, the director now owns 216,373 shares in the company, valued at $1,300,401.73. This represents a 52.89 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Hanesbrands Stock Performance

Shares of HBI stock opened at $4.38 on Friday. The firm has a market capitalization of $1.54 billion, a PE ratio of -4.76 and a beta of 1.55. The company has a 50 day moving average price of $6.01 and a 200-day moving average price of $7.29. Hanesbrands Inc. has a 52 week low of $4.02 and a 52 week high of $9.10. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28.

Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $888.47 million during 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%. As a group, equities research analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered their price objective on Hanesbrands from $7.00 to $5.00 and set a “hold” rating on the stock in a research report on Thursday.

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.