New Age Alpha Advisors LLC Buys New Shares in Hanesbrands Inc. (NYSE:HBI)

New Age Alpha Advisors LLC purchased a new position in Hanesbrands Inc. (NYSE:HBI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,490 shares of the textile maker’s stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HBI. Charles Schwab Investment Management Inc. grew its stake in shares of Hanesbrands by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker’s stock valued at $32,212,000 after buying an additional 11,074 shares during the period. The Manufacturers Life Insurance Company grew its stake in Hanesbrands by 4.5% in the third quarter. The Manufacturers Life Insurance Company now owns 184,714 shares of the textile maker’s stock valued at $1,358,000 after acquiring an additional 7,897 shares during the period. FMR LLC increased its holdings in shares of 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 acquiring an additional 77,669 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Hanesbrands by 388.9% during the third quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker’s stock worth $5,456,000 after purchasing an additional 590,493 shares during the period. Finally, Centiva Capital LP bought a new position in shares of Hanesbrands in the 3rd quarter worth $459,000. 80.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus restated a “hold” rating and set a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.10.

Insider Transactions at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $6.01 per share, for a total transaction 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. The trade was a 52.89 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.46% of the company’s stock.

Hanesbrands Trading Down 0.4 %

NYSE HBI opened at $5.75 on Wednesday. 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 business has a fifty day simple moving average of $6.70 and a 200 day simple moving average of $7.43. Hanesbrands Inc. has a 12 month low of $4.40 and a 12 month high of $9.10. The firm has a market capitalization of $2.03 billion, a P/E ratio of -6.24 and a beta of 1.75.

Hanesbrands (NYSE:HBI) last announced its 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. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The company had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. On average, analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

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.