52,641 Shares in Hanesbrands Inc. (NYSE:HBI) Bought by Advisory Services Network LLC

Advisory Services Network LLC bought a new stake in Hanesbrands Inc. (NYSE:HBI) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 52,641 shares of the textile maker’s stock, valued at approximately $428,000.

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

Insider Buying and Selling at Hanesbrands

In other news, Director Robert F. Moran bought 74,850 shares of the stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price 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 $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their price objective on Hanesbrands from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, April 10th.

Hanesbrands Price Performance

Shares of Hanesbrands stock opened at $4.32 on Thursday. The firm has a market cap of $1.53 billion, a P/E ratio of -4.70 and a beta of 1.55. The firm’s 50-day simple moving average is $5.79 and its 200-day simple moving average is $7.23. Hanesbrands Inc. has a twelve month low of $4.02 and a twelve month high of $9.10. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37.

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

About Hanesbrands

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.