Inceptionr LLC Invests $422,000 in Hanesbrands Inc. (NYSE:HBI)

Inceptionr LLC bought a new position in Hanesbrands Inc. (NYSE:HBI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 51,831 shares of the textile maker’s stock, valued at approximately $422,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Hanesbrands by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker’s stock worth $14,003,000 after acquiring an additional 53,995 shares in the last quarter. FMR LLC grew its position in Hanesbrands by 203.5% during the third quarter. FMR LLC now owns 115,833 shares of the textile maker’s stock valued at $851,000 after buying an additional 77,669 shares during the period. Hennessy Advisors Inc. bought a new position in Hanesbrands during the fourth quarter valued at about $62,199,000. Alberta Investment Management Corp grew its position in Hanesbrands by 31.4% during the fourth quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker’s stock valued at $3,243,000 after buying an additional 95,177 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new position in Hanesbrands during the third quarter valued at about $785,000. Institutional investors own 80.31% of the company’s stock.

Insider Transactions at Hanesbrands

In other news, Director Robert F. Moran purchased 74,850 shares of the stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $6.01 per share, with a total value of $449,848.50. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

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

Hanesbrands Price Performance

NYSE HBI opened at $5.92 on Friday. The company has a market cap of $2.09 billion, a PE ratio of -6.43 and a beta of 1.75. Hanesbrands Inc. has a 52 week low of $4.40 and a 52 week high of $9.10. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. The firm’s 50-day simple moving average is $7.46 and its two-hundred day simple moving average is $7.46.

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

Hanesbrands 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.