175,100 Shares in Hanesbrands Inc. (NYSE:HBI) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of Hanesbrands Inc. (NYSE:HBI) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 175,100 shares of the textile maker’s stock, valued at approximately $781,000. Louisiana State Employees Retirement System owned about 0.05% of Hanesbrands at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of HBI. Landscape Capital Management L.L.C. raised its position in shares of Hanesbrands by 609.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 1,294,682 shares of the textile maker’s stock worth $5,127,000 after purchasing an additional 1,112,202 shares during the last quarter. Brandes Investment Partners LP grew its stake in Hanesbrands by 21.7% in the 3rd quarter. Brandes Investment Partners LP now owns 3,874,803 shares of the textile maker’s stock worth $15,344,000 after acquiring an additional 691,149 shares during the period. Advisors Preferred LLC purchased a new stake in Hanesbrands in the 3rd quarter worth approximately $1,569,000. International Assets Investment Management LLC grew its stake in Hanesbrands by 374.5% in the 4th quarter. International Assets Investment Management LLC now owns 490,735 shares of the textile maker’s stock worth $2,189,000 after acquiring an additional 387,305 shares during the period. Finally, Wolverine Asset Management LLC grew its stake in Hanesbrands by 160.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 435,051 shares of the textile maker’s stock worth $1,723,000 after acquiring an additional 267,988 shares during the period. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Stock Up 0.2 %

Shares of NYSE HBI opened at $4.48 on Friday. Hanesbrands Inc. has a 52-week low of $3.54 and a 52-week high of $5.86. The firm has a fifty day moving average of $5.12 and a 200-day moving average of $4.51. The stock has a market capitalization of $1.57 billion, a PE ratio of -89.58 and a beta of 1.58. The company has a quick ratio of 0.65, a current ratio of 1.64 and a debt-to-equity ratio of 7.72.

Hanesbrands (NYSE:HBI) last announced 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 for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. On average, analysts anticipate that Hanesbrands Inc. will post 0.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on HBI. Citigroup lifted their target price on shares of Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Wedbush lifted their target price on shares of Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently 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.