Voya Investment Management LLC Sells 10,934 Shares of Hanesbrands Inc. $HBI

Voya Investment Management LLC lowered its stake in Hanesbrands Inc. (NYSE:HBI) by 10.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 95,113 shares of the textile maker’s stock after selling 10,934 shares during the quarter. Voya Investment Management LLC’s holdings in Hanesbrands were worth $549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HBI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Hanesbrands by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 969,457 shares of the textile maker’s stock valued at $7,891,000 after acquiring an additional 141,618 shares in the last quarter. 111 Capital bought a new position in shares of Hanesbrands during the fourth quarter valued at $104,000. Wellington Management Group LLP bought a new position in shares of Hanesbrands during the fourth quarter valued at $7,922,000. Howard Financial Services LTD. increased its holdings in shares of Hanesbrands by 89.8% during the first quarter. Howard Financial Services LTD. now owns 42,268 shares of the textile maker’s stock valued at $244,000 after acquiring an additional 20,000 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Hanesbrands by 503.9% during the 1st quarter. GAMMA Investing LLC now owns 40,275 shares of the textile maker’s stock valued at $2,320,000 after purchasing an additional 33,606 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors.

Hanesbrands Stock Up 1.5%

NYSE HBI opened at $6.60 on Friday. 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 $2.33 billion, a P/E ratio of 27.50 and a beta of 1.42. Hanesbrands Inc. has a one year low of $3.96 and a one year high of $9.10. The stock has a 50 day moving average price of $5.74 and a 200-day moving average price of $5.21.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, August 7th. The textile maker reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Hanesbrands had a return on equity of 226.31% and a net margin of 2.49%.The firm had revenue of $991.33 million during the quarter, compared to the consensus estimate of $971.93 million. During the same period in the prior year, the company earned $0.15 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. 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, equities analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HBI. Wall Street Zen raised Hanesbrands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. UBS Group boosted 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. Finally, Wells Fargo & Company raised shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and upped their target price for the stock from $5.00 to $6.00 in a report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.