Hanesbrands Inc. $HBI Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in shares of Hanesbrands Inc. (NYSE:HBI) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,429 shares of the textile maker’s stock after selling 5,991 shares during the period. Mutual of America Capital Management LLC’s holdings in Hanesbrands were worth $208,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Hanesbrands by 60.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 216,653 shares of the textile maker’s stock worth $1,250,000 after purchasing an additional 81,709 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Hanesbrands in the 1st quarter worth approximately $297,000. Principal Financial Group Inc. grew its position in Hanesbrands by 2.5% in the first quarter. Principal Financial Group Inc. now owns 1,763,150 shares of the textile maker’s stock worth $10,173,000 after buying an additional 42,903 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Hanesbrands by 13.0% in the first quarter. Envestnet Asset Management Inc. now owns 277,376 shares of the textile maker’s stock worth $1,600,000 after buying an additional 32,017 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Hanesbrands by 212.8% in the first quarter. IFP Advisors Inc now owns 16,310 shares of the textile maker’s stock worth $94,000 after buying an additional 11,096 shares during the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Hanesbrands Stock Performance

Shares of HBI opened at $6.63 on Friday. The company’s 50 day moving average price is $6.58 and its 200 day moving average price is $5.45. Hanesbrands Inc. has a 52 week low of $3.96 and a 52 week high of $9.10. The company has a market capitalization of $2.34 billion, a PE ratio of 27.61 and a beta of 1.47. The company has a debt-to-equity ratio of 13.62, a quick ratio of 0.74 and a current ratio of 1.52.

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

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.