Cwm LLC Acquires 14,042 Shares of Hanesbrands Inc. $HBI

Cwm LLC boosted its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 73.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,032 shares of the textile maker’s stock after acquiring an additional 14,042 shares during the quarter. Cwm LLC’s holdings in Hanesbrands were worth $151,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Inspire Investing LLC grew its stake in shares of Hanesbrands by 49.1% in the second quarter. Inspire Investing LLC now owns 101,471 shares of the textile maker’s stock worth $465,000 after purchasing an additional 33,395 shares during the last quarter. IFP Advisors Inc grew its position in shares of Hanesbrands by 13.5% in the 2nd quarter. IFP Advisors Inc now owns 18,518 shares of the textile maker’s stock valued at $85,000 after buying an additional 2,208 shares during the last quarter. Petros Family Wealth LLC grew its position in shares of Hanesbrands by 15.5% in the 2nd quarter. Petros Family Wealth LLC now owns 17,817 shares of the textile maker’s stock valued at $82,000 after buying an additional 2,390 shares during the last quarter. OLD National Bancorp IN grew its position in shares of Hanesbrands by 72.3% in the 2nd quarter. OLD National Bancorp IN now owns 71,528 shares of the textile maker’s stock valued at $328,000 after buying an additional 30,025 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in Hanesbrands by 22.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 32,172 shares of the textile maker’s stock valued at $147,000 after acquiring an additional 5,884 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Down 2.4%

Hanesbrands stock opened at $6.63 on Friday. Hanesbrands Inc. has a 1-year low of $3.96 and a 1-year high of $9.10. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 27.61 and a beta of 1.47. The firm’s fifty day moving average price is $6.58 and its two-hundred day moving average price is $5.45. The company has a current ratio of 1.52, a quick ratio of 0.74 and a debt-to-equity ratio of 13.62.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, August 7th. The textile maker reported $0.24 earnings per share 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 company had revenue of $991.33 million for the quarter, compared to analyst estimates of $971.93 million. During the same quarter last year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. On average, equities research analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company upgraded Hanesbrands from a “strong sell” rating to an “equal weight” rating and upped their target price for the company from $5.00 to $6.00 in a report on Thursday, August 14th. Citigroup upped their price objective on shares of Hanesbrands from $5.50 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. UBS Group upped their price objective on shares of Hanesbrands from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Wall Street Zen raised shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hanesbrands in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.60.

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.