Aristeia Capital L.L.C. Sells 39,232 Shares of Hanesbrands Inc. $HBI

Key Points

• Aristeia Capital L.L.C. reduced its holdings in Hanesbrands Inc. by 78.9%, now owning 10,515 shares valued at approximately $61,000.
• Hanesbrands Inc. reported a quarterly earnings EPS of $0.24, exceeding analysts' expectations, with a revenue of $991.33 million.
• Several analysts have recently upgraded Hanesbrands' stock ratings, with Barclays setting a target price of $6.00 and UBS raising theirs to $9.00.

Aristeia Capital L.L.C. cut its holdings in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 78.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,515 shares of the textile maker's stock after selling 39,232 shares during the quarter. Aristeia Capital L.L.C.'s holdings in Hanesbrands were worth $61,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. CX Institutional bought a new stake in Hanesbrands in the 1st quarter valued at $34,000. Lazard Asset Management LLC acquired a new position in Hanesbrands in the 4th quarter valued at $56,000. AlphaQuest LLC acquired a new position in Hanesbrands in the 1st quarter valued at $44,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Hanesbrands in the 4th quarter valued at $67,000. Finally, Fifth Third Bancorp grew its holdings in 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 buying an additional 2,267 shares in the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Price Performance

Shares of NYSE:HBI traded down $0.14 during trading on Friday, reaching $6.24. 3,570,114 shares of the company traded hands, compared to its average volume of 6,445,831. The company's 50 day moving average is $5.37 and its two-hundred day moving average is $5.17. The firm has a market capitalization of $2.21 billion, a PE ratio of 25.98 and a beta of 1.42. The company has a quick ratio of 0.74, a current ratio of 1.52 and a debt-to-equity ratio of 13.62. 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 released 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. The firm had revenue of $991.33 million during the quarter, compared to the consensus estimate of $971.93 million. Hanesbrands had a return on equity of 226.31% and a net margin of 2.49%.The company's revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company 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. As a group, sell-side analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HBI shares. Wall Street Zen raised Hanesbrands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Wells Fargo & Company raised Hanesbrands from a "strong sell" rating to an "equal weight" rating and upped their price objective for the company from $5.00 to $6.00 in a report on Thursday, August 14th. UBS Group upped their price objective on Hanesbrands from $8.00 to $9.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Barclays set a $6.00 price objective on Hanesbrands and gave the company an "equal weight" rating in a report on Tuesday, May 20th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.