Counterpoint Mutual Funds LLC Invests $281,000 in Hanesbrands Inc. $HBI

Key Points

• Counterpoint Mutual Funds LLC has invested approximately $281,000 in Hanesbrands Inc., acquiring 61,386 shares during the second quarter.
• Hanesbrands recently reported earnings of $0.24 per share, exceeding analysts' estimates and indicating a 2.49% net margin.
• Several institutions have increased their positions in Hanesbrands, with 80.31% of the stock now owned by hedge funds and institutional investors.

Counterpoint Mutual Funds LLC bought a new position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 61,386 shares of the textile maker's stock, valued at approximately $281,000.

Other institutional investors have also modified their holdings of the company. CX Institutional purchased a new position in shares of Hanesbrands during the first quarter worth approximately $34,000. Strs Ohio purchased a new position in Hanesbrands during the first quarter valued at approximately $38,000. AlphaQuest LLC purchased a new position in Hanesbrands during the first quarter valued at approximately $44,000. Fifth Third Bancorp increased its holdings in Hanesbrands by 37.8% during the first 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 during the period. Finally, Insigneo Advisory Services LLC purchased a new position in Hanesbrands during the first quarter valued at approximately $58,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Price Performance

Shares of HBI opened at $6.53 on Thursday. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 27.21 and a beta of 1.42. Hanesbrands Inc. has a twelve month low of $3.96 and a twelve month high of $9.10. 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 of $5.66 and a two-hundred day moving average of $5.20.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its earnings results on Thursday, August 7th. The textile maker reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $991.33 million during the quarter, compared to the consensus estimate of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. Hanesbrands's revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. 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, analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HBI has been the topic of several research reports. Wells Fargo & Company raised shares of Hanesbrands from a "strong sell" rating to an "equal weight" rating and lifted their price objective for the company from $5.00 to $6.00 in a report on Thursday, August 14th. Wall Street Zen raised shares of Hanesbrands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, UBS Group lifted their price objective on shares of Hanesbrands from $8.00 to $9.00 and gave the company a "buy" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.50.

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.

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