Generali Investments CEE investicni spolecnost a.s. Invests $130,000 in Hanesbrands Inc. (NYSE:HBI)

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

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of Hanesbrands by 122.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after purchasing an additional 2,712 shares during the last quarter. WFA Asset Management Corp bought a new stake in shares of Hanesbrands in the 4th quarter worth about $46,000. GAMMA Investing LLC grew its holdings 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 last quarter. Allworth Financial LP grew its holdings in shares of Hanesbrands by 459.2% in the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock worth $69,000 after purchasing an additional 6,750 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in Hanesbrands during the 3rd quarter worth about $77,000. Institutional investors own 80.31% of the company’s stock.

Analyst Upgrades and Downgrades

HBI has been the topic of several research reports. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and upped their price target for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Barclays upped their price target on shares of 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 target (down previously from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.10.

Hanesbrands Stock Performance

Hanesbrands stock opened at $5.92 on Monday. 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. The company has a market cap of $2.09 billion, a PE ratio of -6.43 and a beta of 1.75. The company’s 50-day moving average is $7.46 and its two-hundred day moving average is $7.47.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $899.30 million. Equities analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran bought 74,850 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the transaction, the director now owns 216,373 shares in the company, valued at approximately $1,300,401.73. This trade represents a 52.89 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.46% of the company’s stock.

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.