New York State Common Retirement Fund Raises Holdings in Hanesbrands Inc. (NYSE:HBI)

New York State Common Retirement Fund raised its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,606 shares of the textile maker’s stock after purchasing an additional 2,436 shares during the period. New York State Common Retirement Fund’s holdings in Hanesbrands were worth $892,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HBI. Wealth Enhancement Advisory Services LLC boosted its stake in Hanesbrands by 8.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 115,226 shares of the textile maker’s stock valued at $847,000 after purchasing an additional 9,457 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Hanesbrands during the 3rd quarter valued at $652,000. Natixis Advisors LLC purchased a new stake in Hanesbrands during the 3rd quarter valued at $248,000. Moors & Cabot Inc. lifted its holdings in shares of Hanesbrands by 25.9% during the 3rd quarter. Moors & Cabot Inc. now owns 58,383 shares of the textile maker’s stock valued at $429,000 after buying an additional 12,000 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in shares of Hanesbrands by 628.2% during the 3rd quarter. Intech Investment Management LLC now owns 74,766 shares of the textile maker’s stock valued at $550,000 after buying an additional 64,499 shares during the period. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HBI has been the topic of several research analyst reports. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and increased their price target for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays increased their price target on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $7.00 price target (down from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.10.

Hanesbrands Price Performance

Shares of Hanesbrands stock opened at $5.97 on Tuesday. Hanesbrands Inc. has a one year low of $4.40 and a one year high of $9.10. The stock’s fifty day moving average is $7.70 and its 200 day moving average is $7.49. The stock has a market cap of $2.11 billion, a P/E ratio of -6.49 and a beta of 1.63. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37.

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 business had revenue of $888.47 million during the quarter, compared to analyst estimates of $899.30 million. Sell-side analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robert F. Moran acquired 74,850 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price 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 in the company, 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 through the SEC website. 0.46% of the stock is currently owned by company insiders.

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.