Hanesbrands Inc. (NYSE:HBI) Shares Sold by South Dakota Investment Council

South Dakota Investment Council trimmed its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,038,828 shares of the textile maker's stock after selling 203,882 shares during the quarter. South Dakota Investment Council owned approximately 0.29% of Hanesbrands worth $8,456,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC lifted its holdings in Hanesbrands by 203.5% during the 3rd quarter. FMR LLC now owns 115,833 shares of the textile maker's stock valued at $851,000 after buying an additional 77,669 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Hanesbrands during the fourth quarter worth approximately $62,199,000. International Assets Investment Management LLC raised its stake in shares of Hanesbrands by 481.0% during the third quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker's stock valued at $3,822,000 after acquiring an additional 430,534 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Hanesbrands in the third quarter valued at approximately $785,000. Finally, XTX Topco Ltd bought a new position in Hanesbrands in the third quarter worth approximately $996,000. 80.31% of the stock is owned by institutional investors.

Insider Activity at Hanesbrands

In related news, Director Robert F. Moran acquired 74,850 shares of the stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the transaction, the director now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HBI has been the subject of a number of research analyst reports. UBS Group raised Hanesbrands from a "neutral" rating to a "buy" rating and lifted their target price for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Finally, Barclays boosted their price target on Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research note 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $7.10.

Hanesbrands Stock Performance

NYSE HBI traded up $0.30 during trading hours on Tuesday, reaching $6.41. The stock had a trading volume of 3,495,184 shares, compared to its average volume of 6,504,567. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37. The stock has a fifty day moving average of $7.86 and a 200 day moving average of $7.49. Hanesbrands Inc. has a 52-week low of $4.40 and a 52-week high of $9.10. The stock has a market cap of $2.26 billion, a P/E ratio of -6.97 and a beta of 1.63.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $888.47 million for the quarter, compared to the consensus estimate of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. Sell-side analysts predict that Hanesbrands Inc. will post 0.53 earnings per share 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.