South Dakota Investment Council Cuts Position in Hanesbrands Inc. (NYSE:HBI)

South Dakota Investment Council decreased its holdings in Hanesbrands Inc. (NYSE:HBI) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,038,828 shares of the textile maker’s stock after selling 203,882 shares during the quarter. South Dakota Investment Council owned about 0.29% of Hanesbrands worth $8,456,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Allianz Asset Management GmbH raised its position in Hanesbrands by 3.7% in the fourth quarter. Allianz Asset Management GmbH now owns 5,283,917 shares of the textile maker’s stock worth $43,011,000 after acquiring an additional 189,397 shares in the last quarter. Ieq Capital LLC increased its position in shares of Hanesbrands by 43.7% in the fourth quarter. Ieq Capital LLC now owns 23,598 shares of the textile maker’s stock valued at $192,000 after buying an additional 7,175 shares in the last quarter. Alberta Investment Management Corp increased its position in shares of Hanesbrands by 31.4% in the fourth quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker’s stock valued at $3,243,000 after buying an additional 95,177 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Hanesbrands by 2.3% in the fourth quarter. New York State Common Retirement Fund now owns 109,606 shares of the textile maker’s stock valued at $892,000 after buying an additional 2,436 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Hanesbrands by 2.2% in the fourth quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker’s stock valued at $498,000 after buying an additional 1,277 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HBI. Stifel Nicolaus restated 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. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Finally, Barclays raised their price target on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Hanesbrands currently has an average rating of “Hold” and an average target price of $7.10.

Insiders Place Their Bets

In other news, Director Robert F. Moran acquired 74,850 shares of Hanesbrands stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $6.01 per share, with a total value of $449,848.50. Following the purchase, the director now directly owns 216,373 shares of the company’s stock, 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 Stock Down 0.1 %

Shares of NYSE:HBI opened at $6.16 on Friday. The stock’s 50-day moving average price is $7.91 and its two-hundred day moving average price is $7.47. 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 Inc. has a 12-month low of $4.40 and a 12-month high of $9.10. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -6.69 and a beta of 1.63.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. On average, research analysts forecast that Hanesbrands Inc. will post 0.53 EPS 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.