Hanesbrands Inc. $HBI Stock Holdings Boosted by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its holdings in Hanesbrands Inc. (NYSE:HBI) by 7.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,672 shares of the textile maker’s stock after purchasing an additional 15,018 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Hanesbrands worth $964,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. CX Institutional acquired a new position in Hanesbrands in the 1st quarter worth approximately $34,000. Strs Ohio bought a new position in shares of Hanesbrands during the 1st quarter valued at $38,000. AlphaQuest LLC bought a new stake in shares of Hanesbrands during the 1st quarter worth about $44,000. Fifth Third Bancorp raised its stake in shares of Hanesbrands by 37.8% in the 1st quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker’s stock valued at $48,000 after acquiring an additional 2,267 shares in the last quarter. Finally, Insigneo Advisory Services LLC acquired a new stake in Hanesbrands in the 1st quarter worth approximately $58,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Stock Up 1.2%

Shares of HBI opened at $6.92 on Monday. The company has a quick ratio of 0.74, a current ratio of 1.52 and a debt-to-equity ratio of 13.62. The company has a 50-day moving average price of $5.95 and a two-hundred day moving average price of $5.23. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 28.81 and a beta of 1.47. Hanesbrands Inc. has a 12 month low of $3.96 and a 12 month high of $9.10.

Hanesbrands (NYSE:HBI) last issued its 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 analysts’ expectations of $971.93 million. Hanesbrands had a return on equity of 226.31% and a net margin of 2.49%.Hanesbrands’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HBI has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Hanesbrands in a research report on Saturday, September 27th. Wall Street Zen upgraded Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Wells Fargo & Company raised Hanesbrands from a “strong sell” rating to an “equal weight” rating and raised their target price for the company from $5.00 to $6.00 in a report on Thursday, August 14th. Finally, UBS Group upped their price target on Hanesbrands from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hanesbrands presently has a consensus rating of “Hold” and a consensus price target of $6.50.

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.