Inspire Advisors LLC Sells 6,499 Shares of Hanesbrands Inc. (NYSE:HBI)

Inspire Advisors LLC reduced its stake in Hanesbrands Inc. (NYSE:HBI) by 17.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 30,439 shares of the textile maker’s stock after selling 6,499 shares during the quarter. Inspire Advisors LLC’s holdings in Hanesbrands were worth $248,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Hanesbrands by 122.8% in 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 last quarter. WFA Asset Management Corp bought a new stake in Hanesbrands in the 4th quarter valued at $46,000. GAMMA Investing LLC increased its holdings in Hanesbrands by 39.7% in the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 1,895 shares during the last quarter. Allworth Financial LP increased its holdings in Hanesbrands by 459.2% in the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock valued at $69,000 after acquiring an additional 6,750 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Hanesbrands in the 3rd quarter valued at $77,000. 80.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert F. Moran acquired 74,850 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $6.01 per share, for a total transaction 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on HBI shares. Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price target (down from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four investment 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, the company presently has a consensus rating of “Hold” and a consensus price target of $7.10.

Hanesbrands Price Performance

HBI stock opened at $5.78 on Thursday. Hanesbrands Inc. has a 12 month low of $4.40 and a 12 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. The company has a 50-day moving average price of $7.37 and a 200 day moving average price of $7.47. The stock has a market cap of $2.04 billion, a PE ratio of -6.28 and a beta of 1.75.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping 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 firm had revenue of $888.47 million during the quarter, compared to analysts’ expectations of $899.30 million. Equities research analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

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.