Hanesbrands Inc. $HBI Shares Purchased by Quantbot Technologies LP

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 boosted its stake 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 Securities and Exchange Commission. The firm owned 132,243 shares of the textile maker's stock after acquiring an additional 91,587 shares during the quarter. Quantbot Technologies LP's holdings in Hanesbrands were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its position in 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 acquiring an additional 2,185,483 shares during the period. KLCM Advisors Inc. lifted its position in Hanesbrands by 11.5% during the 1st quarter. KLCM Advisors Inc. now owns 1,107,400 shares of the textile maker's stock worth $6,390,000 after acquiring an additional 114,148 shares during the period. Russell Investments Group Ltd. lifted its position in Hanesbrands by 105.5% during the 1st quarter. Russell Investments Group Ltd. now owns 18,335 shares of the textile maker's stock worth $106,000 after acquiring an additional 9,411 shares during the period. HighTower Advisors LLC lifted its position in Hanesbrands by 138.1% during the 1st quarter. HighTower Advisors LLC now owns 94,415 shares of the textile maker's stock worth $545,000 after acquiring an additional 54,765 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in Hanesbrands by 44.7% during the 1st quarter. Public Sector Pension Investment Board now owns 1,271,084 shares of the textile maker's stock worth $7,334,000 after acquiring an additional 392,832 shares during the period. 80.31% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Price Performance

Shares of HBI stock traded down $0.03 during midday trading on Friday, reaching $6.31. 4,226,604 shares of the company traded hands, compared to its average volume of 15,173,549. The firm's 50 day simple moving average is $5.03 and its two-hundred day simple moving average is $5.17. Hanesbrands Inc. has a 1-year low of $3.96 and a 1-year high of $9.10. The company has a debt-to-equity ratio of 13.62, a current ratio of 1.52 and a quick ratio of 0.74. The firm has a market cap of $2.23 billion, a PE ratio of 26.27 and a beta of 1.40.

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, beating analysts' consensus estimates of $0.18 by $0.06. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The company had revenue of $991.33 million during the quarter, compared to the consensus estimate of $971.93 million. During the same period last year, the firm earned $0.15 EPS. The company's revenue for the quarter 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. On average, equities research analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HBI. Wells Fargo & Company raised Hanesbrands from a "strong sell" rating to an "equal weight" rating and increased their price objective for the stock from $5.00 to $6.00 in a research report on Thursday, August 14th. UBS Group lifted 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. Wall Street Zen raised Hanesbrands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. 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 investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.