Hanesbrands Inc. (NYSE:HBI) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,519 shares of the textile maker’s stock after selling 3,864 shares during the period. Moors & Cabot Inc.’s holdings in Hanesbrands were worth $444,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HBI. Sanctuary Advisors LLC boosted its position 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 worth $498,000 after purchasing an additional 1,277 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock worth $54,000 after buying an additional 1,895 shares in the last quarter. Avior Wealth Management LLC grew its position in Hanesbrands by 3.5% during 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 period. New York State Common Retirement Fund increased its holdings in 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 valued at $892,000 after buying an additional 2,436 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position 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 valued at $40,000 after acquiring an additional 2,712 shares during the period. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Insider Activity

In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the acquisition, the director now directly owns 216,373 shares of the company’s stock, valued at $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

Hanesbrands Price Performance

HBI stock opened at $5.90 on Friday. 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’s 50 day moving average price is $7.23 and its 200 day moving average price is $7.45. The firm has a market cap of $2.08 billion, a P/E ratio of -6.41 and a beta of 1.75. Hanesbrands Inc. has a 1 year low of $4.40 and a 1 year high of $9.10.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, beating 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 business had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. On average, sell-side analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and raised their price objective for the company from $9.00 to $11.00 in a research note 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 research note 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.10.

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.