Allworth Financial LP Acquires 6,750 Shares of Hanesbrands Inc. (NYSE:HBI)

Allworth Financial LP increased its holdings in Hanesbrands Inc. (NYSE:HBI) by 459.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,220 shares of the textile maker’s stock after purchasing an additional 6,750 shares during the period. Allworth Financial LP’s holdings in Hanesbrands were worth $69,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Hanesbrands by 22.5% during the third quarter. Creative Planning now owns 152,998 shares of the textile maker’s stock worth $1,125,000 after acquiring an additional 28,126 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Hanesbrands by 42.3% during the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after acquiring an additional 1,594 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Hanesbrands by 481.0% during the 3rd quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock valued at $3,822,000 after acquiring an additional 430,534 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Hanesbrands by 8.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 115,226 shares of the textile maker’s stock valued at $847,000 after purchasing an additional 9,457 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in Hanesbrands in the third quarter worth $652,000. 80.31% of the stock is currently owned by institutional investors.

Hanesbrands Stock Performance

Shares of NYSE:HBI opened at $6.12 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 12 month low of $4.40 and a 12 month high of $9.10. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of -6.65 and a beta of 1.63. The firm’s 50-day moving average is $7.86 and its 200 day moving average is $7.49.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $888.47 million for the quarter, compared to the consensus estimate of $899.30 million. Research analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays increased their price objective 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. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $7.00 price objective (down 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 stock. According to MarketBeat.com, Hanesbrands currently has an average rating of “Hold” and an average price target of $7.10.

Insider Transactions at Hanesbrands

In other 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 purchase, the director now directly owns 216,373 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.46% of the company’s stock.

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.