42,532 Shares in Hanesbrands Inc. (NYSE:HBI) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 42,532 shares of the textile maker’s stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of Hanesbrands by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker’s stock worth $14,003,000 after acquiring an additional 53,995 shares during the period. FMR LLC boosted its holdings in shares of Hanesbrands by 203.5% during the third quarter. FMR LLC now owns 115,833 shares of the textile maker’s stock worth $851,000 after acquiring an additional 77,669 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Hanesbrands during the fourth quarter worth approximately $62,199,000. Alberta Investment Management Corp boosted its holdings in shares of Hanesbrands by 31.4% during the fourth quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker’s stock worth $3,243,000 after acquiring an additional 95,177 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Hanesbrands during the third quarter worth approximately $785,000. Institutional investors own 80.31% of the company’s stock.

Insider Buying and Selling at Hanesbrands

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus restated a “hold” rating and set a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Finally, Barclays lifted their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Hanesbrands currently has a consensus rating of “Hold” and an average target price of $7.10.

Hanesbrands Stock Down 1.3 %

NYSE HBI opened at $5.86 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. Hanesbrands Inc. has a 1-year low of $4.40 and a 1-year high of $9.10. The company has a 50 day moving average of $7.46 and a 200-day moving average of $7.48. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -6.36 and a beta of 1.75.

Hanesbrands (NYSE:HBI) last released its quarterly 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. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The company had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. On average, equities research analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal 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.