Louisiana State Employees Retirement System Purchases Shares of 175,100 Hanesbrands Inc. (NYSE:HBI)

Louisiana State Employees Retirement System purchased a new position in Hanesbrands Inc. (NYSE:HBI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 175,100 shares of the textile maker's stock, valued at approximately $781,000. Louisiana State Employees Retirement System owned 0.05% of Hanesbrands as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Hanesbrands during the 3rd quarter worth $40,000. Alhambra Investment Management LLC purchased a new position in Hanesbrands during the 4th quarter worth $46,000. Journey Strategic Wealth LLC purchased a new position in Hanesbrands during the 3rd quarter worth $41,000. Sherbrooke Park Advisers LLC purchased a new position in Hanesbrands during the 3rd quarter worth $42,000. Finally, AXQ Capital LP purchased a new position in Hanesbrands during the 3rd quarter worth $43,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Stock Up 0.2 %

NYSE HBI traded up $0.01 during midday trading on Friday, hitting $4.48. 5,243,445 shares of the company traded hands, compared to its average volume of 7,810,939. The company has a debt-to-equity ratio of 7.72, a current ratio of 1.64 and a quick ratio of 0.65. The company has a market cap of $1.57 billion, a PE ratio of -89.58 and a beta of 1.58. Hanesbrands Inc. has a 52 week low of $3.54 and a 52 week high of $5.86. The company's 50-day simple moving average is $5.12 and its 200-day simple moving average is $4.52.

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

Wall Street Analysts Forecast Growth

HBI has been the topic of several recent research reports. Wedbush increased their target price on Hanesbrands from $4.50 to $5.00 and gave the company a "neutral" rating in a research report on Wednesday, April 3rd. Citigroup increased their target price on Hanesbrands from $4.50 to $5.50 and gave the company a "neutral" rating in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.