Inceptionr LLC Purchases New Position in Hanesbrands Inc. (NYSE:HBI)

Inceptionr LLC purchased a new stake in shares of Hanesbrands Inc. (NYSE:HBI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 51,831 shares of the textile maker’s stock, valued at approximately $422,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sanctuary Advisors LLC lifted its position in shares of Hanesbrands by 2.2% in the 4th quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker’s stock worth $498,000 after purchasing an additional 1,277 shares during the period. GAMMA Investing LLC lifted its position in shares of Hanesbrands by 39.7% in the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock worth $54,000 after purchasing an additional 1,895 shares during the period. Avior Wealth Management LLC lifted its position in shares of Hanesbrands by 3.5% in the 4th quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker’s stock worth $462,000 after purchasing an additional 1,900 shares during the period. New York State Common Retirement Fund lifted its position in shares of Hanesbrands by 2.3% in the 4th quarter. New York State Common Retirement Fund now owns 109,606 shares of the textile maker’s stock worth $892,000 after purchasing an additional 2,436 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Hanesbrands by 122.8% during 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. 80.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of the stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price 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 in the company, valued at approximately $1,300,401.73. This represents a 52.89 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Hanesbrands Stock Performance

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 company’s fifty day moving average price is $7.46 and its two-hundred day moving average price is $7.46. Hanesbrands Inc. has a 1-year low of $4.40 and a 1-year high of $9.10. The company has a market cap of $2.09 billion, a price-to-earnings ratio of -6.43 and a beta of 1.75.

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, topping 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 firm had revenue of $888.47 million for the quarter, compared to the consensus estimate of $899.30 million. On average, analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

HBI has been the topic of a number of research reports. Barclays boosted their target price 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. Stifel Nicolaus reiterated 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. Finally, UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and boosted their target price for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Hanesbrands has an average rating of “Hold” and an average price target 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.