HighTower Advisors LLC Has $545,000 Stock Holdings in Hanesbrands Inc. $HBI

Key Points

• HighTower Advisors LLC increased its stake in Hanesbrands Inc. by 138.1% in Q1, holding 94,415 shares valued at approximately $545,000.
• Hanesbrands reported Q2 earnings of $0.24 per share, exceeding expectations, with revenue of $991.33 million, although down 0.4% year-over-year.
• Analysts have raised their target price for Hanesbrands, with UBS Group increasing it from $8.00 to $9.00 and several others upgrading the stock rating, indicating a consensus rating of "Hold."

HighTower Advisors LLC increased its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 138.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,415 shares of the textile maker's stock after buying an additional 54,765 shares during the quarter. HighTower Advisors LLC's holdings in Hanesbrands were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in HBI. CX Institutional bought a new stake in Hanesbrands during the 1st quarter worth approximately $34,000. Lazard Asset Management LLC acquired a new position in shares of Hanesbrands during the fourth quarter worth $56,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hanesbrands in the fourth quarter worth $67,000. Fifth Third Bancorp grew its stake in shares of Hanesbrands by 37.8% in 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 last quarter. Finally, Insigneo Advisory Services LLC bought a new stake in shares of Hanesbrands in the first quarter worth $58,000. Institutional investors own 80.31% of the company's stock.

Analysts Set New Price Targets

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

Hanesbrands Trading Up 1.7%

Shares of NYSE:HBI traded up $0.11 during midday trading on Thursday, reaching $6.25. The company's stock had a trading volume of 378,356 shares, compared to its average volume of 7,267,341. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 26.02 and a beta of 1.42. The company has a debt-to-equity ratio of 13.62, a quick ratio of 0.74 and a current ratio of 1.52. The firm has a 50 day moving average price of $5.13 and a two-hundred day moving average price of $5.17. Hanesbrands Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $991.33 million for the quarter, compared to analyst estimates 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 previous 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 forecast that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

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.