Generali Investments CEE investicni spolecnost a.s. Acquires New Holdings in Hanesbrands Inc. (NYSE:HBI)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Hanesbrands Inc. (NYSE:HBI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,000 shares of the textile maker’s stock, valued at approximately $130,000.

A number of other institutional investors also recently modified their holdings of the company. Oak Hill Wealth Advisors LLC raised its position in shares of Hanesbrands by 200.0% in the fourth quarter. Oak Hill Wealth Advisors LLC now owns 13,000 shares of the textile maker’s stock valued at $106,000 after purchasing an additional 26,000 shares during the period. Candriam S.C.A. bought a new position in shares of Hanesbrands in the fourth quarter valued at approximately $102,000. Inceptionr LLC bought a new position in shares of Hanesbrands in the fourth quarter valued at approximately $422,000. Raymond James Financial Inc. bought a new position in shares of Hanesbrands in the fourth quarter valued at approximately $5,395,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Hanesbrands in the fourth quarter valued at approximately $346,000. Institutional investors own 80.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HBI. Stifel Nicolaus reissued a “hold” rating and issued a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Barclays lifted their price target 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. Finally, UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.10.

Hanesbrands Trading Up 1.3 %

Shares of Hanesbrands stock opened at $5.92 on Monday. The company’s fifty day simple moving average is $7.46 and its 200-day simple moving average is $7.47. The company has a market cap of $2.09 billion, a price-to-earnings ratio of -6.43 and a beta of 1.75. 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 1 year low of $4.40 and a 1 year high of $9.10.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $888.47 million for 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%. As a group, sell-side analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran purchased 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, with a total value of $449,848.50. Following the acquisition, the director now directly owns 216,373 shares of the company’s stock, valued at $1,300,401.73. This represents a 52.89 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.46% of the company’s stock.

About Hanesbrands

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.