Hanesbrands Inc. (NYSE:HBI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in Hanesbrands Inc. (NYSE:HBI) by 26.8% during the fourth quarter, Holdings Channel reports. The firm owned 49,835 shares of the textile maker’s stock after selling 18,280 shares during the period. Nisa Investment Advisors LLC’s holdings in Hanesbrands were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Canada Pension Plan Investment Board boosted its holdings in shares of Hanesbrands by 41.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 5,010 shares of the textile maker’s stock valued at $74,000 after purchasing an additional 1,480 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Hanesbrands by 8.0% during the 2nd quarter. Franklin Resources Inc. now owns 21,973 shares of the textile maker’s stock valued at $226,000 after acquiring an additional 1,629 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Hanesbrands by 0.4% during the 4th quarter. Alliancebernstein L.P. now owns 477,420 shares of the textile maker’s stock valued at $3,036,000 after acquiring an additional 2,048 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Hanesbrands by 63.2% during the 4th quarter. Harbour Investments Inc. now owns 6,020 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 2,332 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of Hanesbrands by 23.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,351 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 2,341 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Analyst Ratings Changes

HBI has been the topic of several recent research reports. Citigroup lifted their target price on shares of Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Wedbush lifted their target price on shares of Hanesbrands from $4.50 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

Hanesbrands Stock Performance

Hanesbrands stock opened at $4.66 on Friday. Hanesbrands Inc. has a 12-month low of $3.54 and a 12-month high of $5.86. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -93.08 and a beta of 1.58. The company has a debt-to-equity ratio of 7.72, a current ratio of 1.64 and a quick ratio of 0.65. The firm’s fifty day moving average price is $5.11 and its 200 day moving average price is $4.49.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, February 15th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.06). Hanesbrands had a positive return on equity of 5.84% and a negative net margin of 0.31%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm earned $0.07 EPS. The business’s quarterly revenue was down 12.0% on a year-over-year basis. On average, research analysts forecast that Hanesbrands Inc. will post 0.44 EPS for the current fiscal year.

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.