Quantbot Technologies LP Purchases 91,587 Shares of Hanesbrands Inc. $HBI

Key Points

• Quantbot Technologies LP increased its stake in Hanesbrands Inc. by 225.3% during Q1, now owning 132,243 shares valued at approximately $763,000.
• Other institutional investors, including GeoWealth Management LLC and CX Institutional, have also significantly adjusted their positions in Hanesbrands, which is currently 80.31% owned by institutional investors.
• Hanesbrands reported a profit of $0.24 per share for the recent quarter, exceeding estimates of $0.18, with quarterly revenue of $991.33 million, surpassing expectations of $971.93 million.

Quantbot Technologies LP lifted its holdings in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 225.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,243 shares of the textile maker's stock after buying an additional 91,587 shares during the period. Quantbot Technologies LP's holdings in Hanesbrands were worth $763,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of HBI. Ameriprise Financial Inc. raised its holdings in shares of Hanesbrands by 28.2% during the 4th quarter. Ameriprise Financial Inc. now owns 9,951,948 shares of the textile maker's stock worth $81,009,000 after buying an additional 2,189,844 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Hanesbrands by 40.8% during the 1st quarter. American Century Companies Inc. now owns 7,547,938 shares of the textile maker's stock worth $43,552,000 after buying an additional 2,185,483 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Hanesbrands by 324.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,886,647 shares of the textile maker's stock worth $15,357,000 after buying an additional 1,442,571 shares in the last quarter. Nuveen LLC bought a new stake in Hanesbrands during the 1st quarter worth $7,761,000. Finally, Invesco Ltd. grew its position in Hanesbrands by 59.9% during the 1st quarter. Invesco Ltd. now owns 2,755,348 shares of the textile maker's stock worth $15,898,000 after acquiring an additional 1,032,139 shares during the last quarter. Institutional investors and hedge funds own 80.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HBI shares. Wall Street Zen upgraded Hanesbrands from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Barclays set a $6.00 price objective on Hanesbrands and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. UBS Group boosted their price objective on Hanesbrands from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company upgraded Hanesbrands from a "strong sell" rating to an "equal weight" rating and boosted their price objective for the stock from $5.00 to $6.00 in a research report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.50.

Hanesbrands Trading Down 0.6%

HBI stock traded down $0.04 during mid-day trading on Thursday, reaching $6.33. The company's stock had a trading volume of 3,790,838 shares, compared to its average volume of 7,367,719. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 26.36 and a beta of 1.40. The business's 50 day moving average price is $4.96 and its 200 day moving average price is $5.20. 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 Inc. has a 12 month low of $3.96 and a 12 month high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its earnings results on Thursday, August 7th. The textile maker reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.06. The business 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 firm's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $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. On average, equities research analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current 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.