WINTON GROUP Ltd Invests $320,000 in Hanesbrands Inc. (NYSE:HBI)

WINTON GROUP Ltd bought a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 39,353 shares of the textile maker’s stock, valued at approximately $320,000.

Other institutional investors have also added to or reduced their stakes in the company. Hennessy Advisors Inc. bought a new position in Hanesbrands during the 4th quarter worth $62,199,000. American Century Companies Inc. raised its stake in Hanesbrands by 147.7% in the 4th quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker’s stock worth $43,650,000 after purchasing an additional 3,197,544 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Hanesbrands by 484.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock valued at $15,757,000 after purchasing an additional 1,776,690 shares during the period. Verition Fund Management LLC acquired a new position in shares of Hanesbrands during the 3rd quarter worth approximately $7,249,000. Finally, Raymond James Financial Inc. bought a new position in shares of Hanesbrands during the fourth quarter worth approximately $5,395,000. 80.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert F. Moran purchased 74,850 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $6.01 per share, with a total value of $449,848.50. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Hanesbrands Price Performance

HBI stock opened at $5.78 on Monday. The company’s 50-day moving average price is $6.75 and its two-hundred day moving average price is $7.43. The firm has a market cap of $2.04 billion, a P/E ratio of -6.28 and a beta of 1.75. The company has a quick ratio of 0.68, a current ratio of 1.37 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.

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

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price target (down from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hanesbrands currently has an average rating of “Hold” and a consensus price target of $7.10.

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.