Hanesbrands Inc. (NYSE:HBI) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury cut its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,052 shares of the textile maker’s stock after selling 24,730 shares during the period. State of Tennessee Department of Treasury’s holdings in Hanesbrands were worth $969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. TD Waterhouse Canada Inc. lifted its stake in Hanesbrands by 52.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 13,687 shares of the textile maker’s stock valued at $111,000 after purchasing an additional 4,705 shares during the last quarter. Transce3nd LLC acquired a new stake in Hanesbrands during the fourth quarter valued at approximately $45,000. MetLife Investment Management LLC lifted its stake in Hanesbrands by 3.8% during the fourth quarter. MetLife Investment Management LLC now owns 210,772 shares of the textile maker’s stock valued at $1,716,000 after purchasing an additional 7,690 shares during the last quarter. First Trust Advisors LP acquired a new stake in Hanesbrands during the fourth quarter valued at approximately $122,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Hanesbrands by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,909,654 shares of the textile maker’s stock valued at $56,245,000 after acquiring an additional 171,918 shares during the period. 80.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the purchase, the director now directly owns 216,373 shares in the company, valued at $1,300,401.73. This trade represents a 52.89 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HBI shares. Barclays set a $5.00 price target on shares of Hanesbrands and gave the company a “cautious” rating in a report on Monday. Stifel Nicolaus cut their price target on shares of Hanesbrands from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. UBS Group boosted their price target on shares of Hanesbrands from $7.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company cut their price target on shares of Hanesbrands from $5.00 to $3.00 and set an “underweight” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.20.

Hanesbrands Price Performance

Hanesbrands stock opened at $4.59 on Friday. The firm has a market cap of $1.62 billion, a PE ratio of -4.99 and a beta of 1.55. 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 firm’s 50 day moving average price is $5.31 and its two-hundred day moving average price is $7.01. Hanesbrands Inc. has a twelve month low of $4.02 and a twelve month high of $9.10.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. On average, research analysts predict that Hanesbrands Inc. will post 0.53 EPS 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.