Nisa Investment Advisors LLC Sells 34,936 Shares of Hanesbrands Inc. $HBI

Nisa Investment Advisors LLC cut its position in shares of Hanesbrands Inc. (NYSE:HBI) by 76.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,824 shares of the textile maker’s stock after selling 34,936 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hanesbrands were worth $50,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Strs Ohio acquired a new stake in Hanesbrands during the 1st quarter worth about $38,000. AlphaQuest LLC bought a new stake in shares of Hanesbrands during the 1st quarter valued at about $44,000. Tranquilli Financial Advisor LLC acquired a new stake in Hanesbrands during the first quarter worth approximately $58,000. Jefferies Financial Group Inc. bought a new stake in Hanesbrands in the first quarter worth approximately $58,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Hanesbrands in the first quarter valued at approximately $61,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Analysts Set New Price Targets

HBI has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hanesbrands in a research note on Wednesday, October 8th. Wells Fargo & Company raised shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and lifted their price target for the company from $5.00 to $6.00 in a research note on Thursday, August 14th. UBS Group increased their price objective on shares of Hanesbrands from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Citigroup raised their target price on Hanesbrands from $5.50 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen raised Hanesbrands from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Hanesbrands has a consensus rating of “Hold” and an average target price of $6.60.

Hanesbrands Trading Up 1.9%

Shares of Hanesbrands stock opened at $6.59 on Thursday. The company has a market capitalization of $2.33 billion, a P/E ratio of 27.46 and a beta of 1.50. The stock has a fifty day simple moving average of $6.60 and a 200 day simple moving average of $5.51. Hanesbrands Inc. has a 12-month low of $3.96 and a 12-month high of $9.10. The company has a current ratio of 1.52, a quick ratio of 0.74 and a debt-to-equity ratio of 13.62.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The firm had revenue of $991.33 million for the quarter, compared to the consensus estimate of $971.93 million. During the same period in the previous year, the firm earned $0.15 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal 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.