24,000 Shares in Hanesbrands Inc. (NYSE:HBI) Acquired by Verus Capital Partners LLC

Verus Capital Partners LLC bought a new position in Hanesbrands Inc. (NYSE:HBI) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 24,000 shares of the textile maker’s stock, valued at approximately $195,000.

A number of other institutional investors also recently bought and sold shares of HBI. Blue Trust Inc. boosted its stake in Hanesbrands by 42.3% in the 3rd 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. International Assets Investment Management LLC boosted its stake in Hanesbrands by 481.0% in the 3rd 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. Wealth Enhancement Advisory Services LLC boosted its stake in Hanesbrands by 8.9% in the 3rd 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. Aigen Investment Management LP acquired a new stake in Hanesbrands in the 3rd quarter worth approximately $652,000. Finally, Natixis Advisors LLC acquired a new stake in Hanesbrands in the 3rd quarter worth approximately $248,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Stock Performance

HBI opened at $6.01 on Friday. Hanesbrands Inc. has a 12-month low of $4.40 and a 12-month high of $9.10. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The firm has a market capitalization of $2.12 billion, a PE ratio of -6.53 and a beta of 1.63. The firm has a 50 day moving average of $7.70 and a two-hundred day moving average of $7.47.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $888.47 million during the quarter, compared to analyst estimates of $899.30 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. On average, analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on HBI shares. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Barclays raised their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $7.00 price target (down from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Hanesbrands has an average rating of “Hold” and a consensus price target of $7.10.

Insider Activity

In other news, Director Robert F. Moran bought 74,850 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $6.01 per share, with a total value of $449,848.50. Following the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.