Alliancebernstein L.P. Boosts Stake in Hanesbrands Inc. $HBI

Key Points

• Alliancebernstein L.P. has increased its stake in Hanesbrands Inc. by 3.9%, acquiring an additional 193,460 shares, bringing their total ownership to over 5 million shares valued at approximately $29.4 million.
• Several analysts have upgraded their ratings for Hanesbrands, with Barclays and Wells Fargo setting a price target of $6.00, while UBS Group increased its target to $9.00, indicating a generally positive outlook for the stock.
• Hanesbrands reported $0.24 EPS for the last quarter, exceeding expectations, but noted a year-over-year revenue decline of 0.4%, highlighting potential challenges despite the positive earnings beat.

Alliancebernstein L.P. boosted its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,096,058 shares of the textile maker's stock after purchasing an additional 193,460 shares during the quarter. Alliancebernstein L.P. owned about 1.44% of Hanesbrands worth $29,404,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HBI. Patriot Financial Group Insurance Agency LLC raised its position in shares of Hanesbrands by 9.4% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 26,288 shares of the textile maker's stock worth $152,000 after purchasing an additional 2,255 shares during the period. Fifth Third Bancorp raised its position in shares of Hanesbrands by 37.8% during the first quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker's stock worth $48,000 after purchasing an additional 2,267 shares during the period. Balanced Rock Investment Advisors LLC raised its position in shares of Hanesbrands by 6.0% during the first quarter. Balanced Rock Investment Advisors LLC now owns 50,270 shares of the textile maker's stock worth $290,000 after purchasing an additional 2,826 shares during the period. Federated Hermes Inc. raised its position in shares of Hanesbrands by 23.7% during the first quarter. Federated Hermes Inc. now owns 17,423 shares of the textile maker's stock worth $101,000 after purchasing an additional 3,334 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Hanesbrands by 27.3% during the first quarter. International Assets Investment Management LLC now owns 16,208 shares of the textile maker's stock worth $94,000 after purchasing an additional 3,480 shares during the period. 80.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HBI. Wells Fargo & Company raised 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 research report on Thursday, August 14th. 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. Wall Street Zen upgraded Hanesbrands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, Barclays set a $6.00 price target on Hanesbrands and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.50.

Hanesbrands Price Performance

Shares of Hanesbrands stock traded down $0.14 during trading on Friday, hitting $6.24. 3,570,114 shares of the stock traded hands, compared to its average volume of 7,112,580. 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 stock has a market cap of $2.21 billion, a price-to-earnings ratio of 25.98 and a beta of 1.42. The firm's fifty day moving average is $5.37 and its 200-day moving average is $5.18. Hanesbrands Inc. has a 52 week low of $3.96 and a 52 week high of $9.10.

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

Hanesbrands 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.