New Age Alpha Advisors LLC Takes $419,000 Position in Hanesbrands Inc. (NYSE:HBI)

New Age Alpha Advisors LLC purchased a new position in Hanesbrands Inc. (NYSE:HBI) during the fourth quarter, Holdings Channel.com reports. The fund purchased 51,490 shares of the textile maker’s stock, valued at approximately $419,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Hanesbrands in the fourth quarter valued at $301,000. WINTON GROUP Ltd bought a new stake in Hanesbrands in the 4th quarter valued at about $320,000. Vanguard Group Inc. lifted its holdings in Hanesbrands by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 40,034,878 shares of the textile maker’s stock valued at $325,884,000 after purchasing an additional 421,915 shares during the last quarter. LPL Financial LLC boosted its position in Hanesbrands by 12.3% during the fourth quarter. LPL Financial LLC now owns 454,132 shares of the textile maker’s stock worth $3,697,000 after purchasing an additional 49,895 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in shares of Hanesbrands in the fourth quarter worth about $552,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Trading Down 0.4 %

Shares of Hanesbrands stock opened at $5.75 on Wednesday. The company’s 50-day moving average price is $6.70 and its 200-day moving average price is $7.43. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. Hanesbrands Inc. has a 12-month low of $4.40 and a 12-month high of $9.10. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -6.24 and a beta of 1.75.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results 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 firm had revenue of $888.47 million during 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%. On average, equities analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price 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 of the company’s stock, valued at $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.00 price objective (down from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.10.

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.