WINTON GROUP Ltd Makes New Investment in Hanesbrands Inc. (NYSE:HBI)

WINTON GROUP Ltd purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 39,353 shares of the textile maker’s stock, valued at approximately $320,000.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Hanesbrands by 122.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after buying an additional 2,712 shares during the period. WFA Asset Management Corp acquired a new stake in shares of Hanesbrands during the fourth quarter worth $46,000. GAMMA Investing LLC lifted its position in Hanesbrands by 39.7% in the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 1,895 shares in the last quarter. Allworth Financial LP boosted its stake in Hanesbrands by 459.2% in the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock worth $69,000 after purchasing an additional 6,750 shares during the period. Finally, Quantinno Capital Management LP bought a new position in Hanesbrands during the 3rd quarter worth about $77,000. Institutional investors own 80.31% of the company’s stock.

Insider Buying and Selling at Hanesbrands

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

Hanesbrands Trading Down 1.6 %

Hanesbrands stock opened at $5.78 on Monday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -6.28 and a beta of 1.75. The firm has a 50-day moving average of $6.75 and a 200-day moving average of $7.43. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68. Hanesbrands Inc. has a one year low of $4.40 and a one year high of $9.10.

Hanesbrands (NYSE:HBI) last posted 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. The firm had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. On average, equities analysts expect that Hanesbrands Inc. will post 0.53 earnings per share 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 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 stock. According to data from MarketBeat, Hanesbrands currently has an average rating of “Hold” and a consensus 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.