Jones Financial Companies Lllp Buys 36,579 Shares of Hanesbrands Inc. (NYSE:HBI)

Jones Financial Companies Lllp raised its stake in Hanesbrands Inc. (NYSE:HBI) by 27.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,483 shares of the textile maker’s stock after acquiring an additional 36,579 shares during the quarter. Jones Financial Companies Lllp’s holdings in Hanesbrands were worth $1,388,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its holdings in Hanesbrands by 122.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock valued at $40,000 after acquiring an additional 2,712 shares during the period. Verus Capital Partners LLC acquired a new position in shares of Hanesbrands during the 4th quarter worth approximately $195,000. Proficio Capital Partners LLC acquired a new position in shares of Hanesbrands during the 4th quarter worth approximately $346,000. Los Angeles Capital Management LLC grew its position in shares of Hanesbrands by 33.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 15,873 shares of the textile maker’s stock worth $129,000 after purchasing an additional 4,016 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Hanesbrands by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,559,231 shares of the textile maker’s stock worth $20,832,000 after purchasing an additional 15,727 shares in the last quarter. 80.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on HBI. Stifel Nicolaus restated a “hold” rating and set a $7.00 target price (down previously from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Barclays increased their target price 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, UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and increased their target price for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.10.

Insiders Place Their Bets

In related news, Director Robert F. Moran bought 74,850 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were purchased 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 owns 216,373 shares in the company, valued at $1,300,401.73. This represents a 52.89 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.46% of the company’s stock.

Hanesbrands Stock Performance

NYSE HBI opened at $5.92 on Friday. 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 $2.09 billion, a price-to-earnings ratio of -6.43 and a beta of 1.75. The firm’s 50 day simple moving average is $7.51 and its 200 day simple moving average is $7.47. Hanesbrands Inc. has a 1 year low of $4.40 and a 1 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 (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $888.47 million for 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%. As a group, research analysts expect that Hanesbrands Inc. will post 0.53 earnings per share 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.