Nisa Investment Advisors LLC Cuts Position in Hanesbrands Inc. (NYSE:HBI)

Nisa Investment Advisors LLC lowered its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 26.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,835 shares of the textile maker’s stock after selling 18,280 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hanesbrands were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of HBI. BlackRock Inc. increased its position in shares of Hanesbrands by 16.6% during the first quarter. BlackRock Inc. now owns 46,483,518 shares of the textile maker’s stock worth $244,503,000 after acquiring an additional 6,630,208 shares during the period. Millennium Management LLC increased its position in shares of Hanesbrands by 991.4% during the fourth quarter. Millennium Management LLC now owns 3,896,974 shares of the textile maker’s stock worth $24,785,000 after acquiring an additional 3,539,911 shares during the period. Balyasny Asset Management L.P. purchased a new position in Hanesbrands in the first quarter valued at $14,888,000. Arrowstreet Capital Limited Partnership increased its holdings in Hanesbrands by 2,900.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,354,491 shares of the textile maker’s stock valued at $14,975,000 after buying an additional 2,276,017 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Hanesbrands by 176.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,175,319 shares of the textile maker’s stock valued at $47,281,000 after buying an additional 2,025,040 shares during the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Performance

NYSE HBI opened at $4.66 on Friday. The company has a debt-to-equity ratio of 7.72, a current ratio of 1.64 and a quick ratio of 0.65. Hanesbrands Inc. has a 1 year low of $3.54 and a 1 year high of $5.86. The company has a market capitalization of $1.64 billion, a PE ratio of -93.08 and a beta of 1.58. The company has a fifty day moving average of $5.11 and a two-hundred day moving average of $4.49.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 15th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.06). Hanesbrands had a negative net margin of 0.31% and a positive return on equity of 5.84%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company earned $0.07 EPS. The business’s revenue was down 12.0% on a year-over-year basis. As a group, analysts expect that Hanesbrands Inc. will post 0.44 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on HBI shares. Citigroup increased their target price on Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Wedbush increased their target price on Hanesbrands from $4.50 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.00.

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.