Nisa Investment Advisors LLC Boosts Stake in Hanesbrands Inc. (NYSE:HBI)

Nisa Investment Advisors LLC raised its position in Hanesbrands Inc. (NYSE:HBI) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,876 shares of the textile maker’s stock after purchasing an additional 2,952 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hanesbrands were worth $373,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Ballentine Partners LLC purchased a new stake in shares of Hanesbrands in the 4th quarter valued at $92,000. Hanseatic Management Services Inc. acquired a new stake in Hanesbrands in the fourth quarter valued at approximately $691,000. Hennessy Advisors Inc. purchased a new position in Hanesbrands in the fourth quarter worth approximately $62,199,000. GAMMA Investing LLC grew its holdings in Hanesbrands by 39.7% during the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock worth $54,000 after acquiring an additional 1,895 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Hanesbrands by 484.0% in the 3rd 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. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Stock Down 2.9 %

Shares of NYSE:HBI opened at $8.08 on Thursday. The company has a market cap of $2.85 billion, a price-to-earnings ratio of -12.23 and a beta of 1.64. Hanesbrands Inc. has a fifty-two week low of $4.06 and a fifty-two week high of $9.10. The firm’s 50-day simple moving average is $8.40 and its 200-day simple moving average is $7.28. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $937.10 million during the quarter, compared to analysts’ expectations of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. As a group, equities research analysts predict that Hanesbrands Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on HBI shares. Barclays boosted their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.90.

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.