Raymond James Financial Inc. Trims Holdings in Hanesbrands Inc. $HBI

Raymond James Financial Inc. cut its stake in Hanesbrands Inc. (NYSE:HBI) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 647,068 shares of the textile maker’s stock after selling 15,729 shares during the quarter. Raymond James Financial Inc. owned about 0.18% of Hanesbrands worth $3,734,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Hanesbrands by 2.5% during the first quarter. Vanguard Group Inc. now owns 41,041,617 shares of the textile maker’s stock worth $236,810,000 after buying an additional 1,006,739 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Hanesbrands by 40.8% in the 1st quarter. American Century Companies Inc. now owns 7,547,938 shares of the textile maker’s stock valued at $43,552,000 after acquiring an additional 2,185,483 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Hanesbrands by 5.4% in the 1st quarter. Allianz Asset Management GmbH now owns 5,571,669 shares of the textile maker’s stock valued at $32,149,000 after acquiring an additional 287,752 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Hanesbrands by 14.4% in the 4th quarter. Northern Trust Corp now owns 4,171,933 shares of the textile maker’s stock valued at $33,960,000 after acquiring an additional 524,716 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Hanesbrands by 32.5% in the 4th quarter. Millennium Management LLC now owns 2,793,458 shares of the textile maker’s stock valued at $22,739,000 after acquiring an additional 684,721 shares during the last quarter. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Stock Up 0.7%

HBI stock opened at $6.41 on Friday. Hanesbrands Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $9.10. The business’s 50 day moving average price is $5.20 and its two-hundred day moving average price is $5.17. The company has a debt-to-equity ratio of 13.62, a quick ratio of 0.74 and a current ratio of 1.52. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 26.69 and a beta of 1.42.

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

Analysts Set New Price Targets

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

About Hanesbrands

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.