Avantax Advisory Services Inc. Invests $230,000 in Hanesbrands Inc. (NYSE:HBI)

Avantax Advisory Services Inc. purchased a new stake in shares of Hanesbrands Inc. (NYSE:HBI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 28,227 shares of the textile maker’s stock, valued at approximately $230,000.

Several other institutional investors have also added to or reduced their stakes in HBI. Hennessy Advisors Inc. bought a new position in shares of Hanesbrands during the 4th quarter valued at approximately $62,199,000. JPMorgan Chase & Co. lifted its position in Hanesbrands by 484.0% during the third 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 last quarter. Verition Fund Management LLC bought a new position in Hanesbrands during the third quarter valued at $7,249,000. Raymond James Financial Inc. purchased a new position in shares of Hanesbrands in the 4th quarter worth $5,395,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Hanesbrands by 388.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker’s stock worth $5,456,000 after buying an additional 590,493 shares during the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Trading Down 0.3 %

HBI stock opened at $5.90 on Thursday. The firm’s fifty day simple moving average is $6.90 and its two-hundred day simple moving average is $7.44. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -6.41 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 twelve month low of $4.40 and a twelve month high of $9.10.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share 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 company had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. As a group, analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

Separately, Stifel Nicolaus reiterated 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. 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 MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.10.

Insider Buying and Selling

In other Hanesbrands news, Director Robert F. Moran bought 74,850 shares of Hanesbrands stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the purchase, the director now directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by corporate insiders.

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.