Insider Buying: Hanesbrands Inc. (NYSE:HBI) Director Purchases 74,850 Shares of Stock

Hanesbrands Inc. (NYSE:HBI) Director Robert F. Moran purchased 74,850 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the acquisition, the director now directly owns 216,373 shares of the company’s stock, 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 SEC, which is accessible through this link.

Hanesbrands Trading Down 0.4 %

NYSE HBI opened at $6.18 on Friday. Hanesbrands Inc. has a twelve month low of $4.40 and a twelve month high of $9.10. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of -6.71 and a beta of 1.63. The firm’s 50 day moving average price is $7.96 and its two-hundred day moving average price is $7.45.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS 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 business had revenue of $888.47 million for the quarter, compared to analysts’ expectations of $899.30 million. Equities analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on HBI shares. Barclays upped their price target on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Hanesbrands presently has an average rating of “Hold” and an average price target of $7.10.

Hedge Funds Weigh In On Hanesbrands

Several institutional investors and hedge funds have recently modified their holdings of HBI. Creative Planning grew its holdings in shares of Hanesbrands by 22.5% during 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 in the last quarter. Blue Trust Inc. boosted its holdings in Hanesbrands by 42.3% in the third 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 in the last quarter. Whittier Trust Co. bought a new stake in Hanesbrands in the third quarter worth $51,000. International Assets Investment Management LLC boosted its holdings in Hanesbrands by 481.0% in the third quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock worth $3,822,000 after purchasing an additional 430,534 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted 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 in the last quarter. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

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.