7,630 Shares in Hanesbrands Inc. $HBI Purchased by AlphaQuest LLC

AlphaQuest LLC acquired a new position in Hanesbrands Inc. (NYSE:HBI) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,630 shares of the textile maker’s stock, valued at approximately $44,000.

A number of other large investors have also modified their holdings of the company. CX Institutional bought a new position in shares of Hanesbrands during the 1st quarter valued at about $34,000. Fifth Third Bancorp boosted its position in shares of Hanesbrands by 37.8% during the 1st quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 2,267 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Hanesbrands during the 4th quarter valued at about $56,000. Insigneo Advisory Services LLC bought a new position in shares of Hanesbrands during the 1st quarter valued at about $58,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Hanesbrands during the 1st quarter valued at about $58,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Price Performance

NYSE HBI opened at $6.36 on Friday. The company has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $5.18. The company has a debt-to-equity ratio of 13.62, a current ratio of 1.52 and a quick ratio of 0.74. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 26.48 and a beta of 1.42. Hanesbrands Inc. has a 52-week low of $3.96 and a 52-week high of $9.10.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, August 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $991.33 million during the quarter, compared to analyst estimates of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. Equities research analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HBI shares. UBS Group raised their price objective on shares of Hanesbrands from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wells Fargo & Company raised shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and upped their price objective for the company from $5.00 to $6.00 in a research note on Thursday, August 14th. Wall Street Zen raised shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Barclays set a $6.00 price objective on shares of Hanesbrands and gave the company an “equal weight” rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.50.

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.