Taika Capital LP Acquires New Shares in Hanesbrands Inc. (NYSE:HBI)

Taika Capital LP acquired a new stake in shares of Hanesbrands Inc. (NYSE:HBI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 129,484 shares of the textile maker’s stock, valued at approximately $1,054,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC boosted its position in Hanesbrands by 2.2% during the 4th quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker’s stock valued at $498,000 after purchasing an additional 1,277 shares during the period. GAMMA Investing LLC boosted its position in shares of Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock worth $54,000 after buying an additional 1,895 shares during the period. Avior Wealth Management LLC boosted its position in shares of Hanesbrands by 3.5% during the fourth quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker’s stock worth $462,000 after buying an additional 1,900 shares during the period. New York State Common Retirement Fund boosted its position in shares of Hanesbrands by 2.3% during the fourth quarter. New York State Common Retirement Fund now owns 109,606 shares of the textile maker’s stock worth $892,000 after buying an additional 2,436 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Hanesbrands by 122.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after buying an additional 2,712 shares during the period. Institutional investors and hedge funds own 80.31% of the company’s stock.

Insider Buying and Selling at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was 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. The trade was a 52.89 % increase in their ownership of the stock. The acquisition 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HBI shares. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Barclays boosted their price objective on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $7.00 price objective (down from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Hanesbrands currently has an average rating of “Hold” and a consensus target price of $7.10.

Hanesbrands Trading Up 1.3 %

Shares of NYSE:HBI opened at $5.92 on Monday. The company has a 50 day moving average of $7.46 and a 200-day moving average of $7.47. The firm has a market cap of $2.09 billion, a P/E ratio of -6.43 and a beta of 1.75. Hanesbrands Inc. has a twelve month low of $4.40 and a twelve month high of $9.10. 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 (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates 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. As a group, analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal 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.