HighTower Advisors LLC Acquires 7,466 Shares of Hanesbrands Inc. (NYSE:HBI)

HighTower Advisors LLC increased its holdings in Hanesbrands Inc. (NYSE:HBI) by 23.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,650 shares of the textile maker’s stock after buying an additional 7,466 shares during the period. HighTower Advisors LLC’s holdings in Hanesbrands were worth $323,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Hennessy Advisors Inc. bought a new position in shares of Hanesbrands in the fourth quarter worth $62,199,000. JPMorgan Chase & Co. boosted its stake in Hanesbrands by 484.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock worth $15,757,000 after purchasing an additional 1,776,690 shares during the period. Raymond James Financial Inc. purchased a new position in Hanesbrands during the 4th quarter valued at about $5,395,000. BNP Paribas Financial Markets increased its position in shares of Hanesbrands by 388.9% during the third quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker’s stock valued at $5,456,000 after buying an additional 590,493 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Hanesbrands in the fourth quarter worth about $2,066,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hanesbrands

In other news, Director Robert F. Moran acquired 74,850 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $6.01 per share, with a total value of $449,848.50. Following the acquisition, the director now owns 216,373 shares in the company, valued at approximately $1,300,401.73. This represents a 52.89 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.

Hanesbrands Stock Performance

NYSE:HBI opened at $5.75 on Wednesday. The stock has a market cap of $2.03 billion, a P/E ratio of -6.24 and a beta of 1.75. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. The business’s 50-day moving average price is $6.70 and its two-hundred day moving average price is $7.43. Hanesbrands Inc. has a twelve month low of $4.40 and a twelve month high of $9.10.

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. 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 the consensus estimate of $899.30 million. As a group, equities analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hanesbrands currently has a consensus rating of “Hold” and an average target price of $7.10.

Hanesbrands 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.