South Dakota Investment Council Sells 266,700 Shares of Hanesbrands Inc. (NYSE:HBI)

South Dakota Investment Council lessened its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,662,415 shares of the textile maker's stock after selling 266,700 shares during the quarter. South Dakota Investment Council owned about 0.47% of Hanesbrands worth $7,414,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Hanesbrands from $4.50 to $5.50 and gave the stock a "neutral" rating in a research report on Wednesday, April 3rd. Wedbush raised their price objective 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 research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $5.00.

Hanesbrands Stock Down 0.8 %

NYSE HBI traded down $0.04 on Wednesday, reaching $4.86. The company had a trading volume of 5,896,466 shares, compared to its average volume of 8,870,917. The firm has a market capitalization of $1.71 billion, a PE ratio of -96.78 and a beta of 1.58. The firm has a 50-day moving average of $5.12 and a 200-day moving average of $4.51. 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.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the company posted $0.07 earnings per share. The business's revenue was down 12.0% on a year-over-year basis. On average, equities research analysts anticipate that Hanesbrands Inc. will post 0.44 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.