State of New Jersey Common Pension Fund D Makes New Investment in Hanesbrands Inc. (NYSE:HBI)

State of New Jersey Common Pension Fund D bought a new position in Hanesbrands Inc. (NYSE:HBI) during the 4th quarter, HoldingsChannel reports. The firm bought 253,829 shares of the textile maker’s stock, valued at approximately $2,066,000.

Several other hedge funds also recently bought and sold shares of HBI. Blue Trust Inc. increased its position in shares of Hanesbrands by 42.3% during the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after acquiring an additional 1,594 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock worth $54,000 after acquiring an additional 1,895 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Hanesbrands by 3.5% during the fourth quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker’s stock worth $462,000 after acquiring an additional 1,900 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Hanesbrands by 6.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 45,876 shares of the textile maker’s stock worth $373,000 after acquiring an additional 2,952 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Hanesbrands by 38.1% during the fourth quarter. KBC Group NV now owns 15,701 shares of the textile maker’s stock worth $128,000 after acquiring an additional 4,332 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert F. Moran acquired 74,850 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $6.01 per share, with a total value of $449,848.50. Following the transaction, the director now directly owns 216,373 shares in the company, valued at approximately $1,300,401.73. The trade was a 52.89 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

Hanesbrands Stock Down 0.1 %

Hanesbrands stock opened at $6.16 on Friday. The company has a market cap of $2.17 billion, a P/E ratio of -6.69 and a beta of 1.63. Hanesbrands Inc. has a 1-year low of $4.40 and a 1-year high of $9.10. The company has a fifty day simple moving average of $7.91 and a 200 day simple moving average of $7.47. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28.

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