Hancock Whitney Corp Invests $155,000 in Hanesbrands Inc. (NYSE:HBI)

Hancock Whitney Corp purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,071 shares of the textile maker’s stock, valued at approximately $155,000.

A number of other large investors have also modified their holdings of HBI. GeoWealth Management LLC grew its stake in shares of Hanesbrands by 2,278.8% during the fourth quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker’s stock worth $28,000 after acquiring an additional 3,327 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 purchasing an additional 2,712 shares during the period. Transce3nd LLC acquired a new stake in shares of Hanesbrands during the fourth quarter worth about $45,000. WFA Asset Management Corp acquired a new stake in shares of Hanesbrands during the fourth quarter worth about $46,000. Finally, GAMMA Investing LLC lifted its holdings 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 purchasing an additional 1,895 shares during the period. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Analysts Set New Price Targets

HBI has been the subject of a number of research reports. UBS Group lifted their target price on Hanesbrands from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Stifel Nicolaus decreased their price target on Hanesbrands from $7.00 to $5.00 and set a “hold” rating for the company in a report on Thursday, April 10th.

Insider Activity

In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.

Hanesbrands Stock Performance

Shares of NYSE:HBI opened at $4.82 on Monday. Hanesbrands Inc. has a 12-month low of $4.02 and a 12-month high of $9.10. The company has a market capitalization of $1.70 billion, a PE ratio of -5.24 and a beta of 1.55. The business has a 50 day moving average of $5.43 and a two-hundred day moving average of $7.08. 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 announced its quarterly 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 positive return on equity of 108.01% and a negative net margin of 8.06%. The company had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. As a group, analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current 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.