LPL Financial LLC Has $2.91 Million Stake in Hanesbrands Inc. $HBI

Key Points

• LPL Financial LLC increased its holdings in Hanesbrands Inc. by 11.2%, owning a total of 505,109 shares, valued at approximately $2.9 million.
• Recent reports from analysts indicate a shift in sentiment towards Hanesbrands, with UBS Group raising its target price from $8.00 to $9.00 and changing its rating to a "buy."
• Hanesbrands reported earnings of $0.24 per share for the last quarter, surpassing analyst expectations of $0.18 per share.

LPL Financial LLC grew its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 505,109 shares of the textile maker's stock after purchasing an additional 50,977 shares during the quarter. LPL Financial LLC owned about 0.14% of Hanesbrands worth $2,914,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC grew its position in shares of Hanesbrands by 175.7% in the fourth quarter. Hsbc Holdings PLC now owns 276,547 shares of the textile maker's stock valued at $2,283,000 after purchasing an additional 176,238 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Hanesbrands by 60.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 216,653 shares of the textile maker's stock valued at $1,250,000 after purchasing an additional 81,709 shares during the last quarter. Deutsche Bank AG grew its position in shares of Hanesbrands by 40.9% in the fourth quarter. Deutsche Bank AG now owns 366,836 shares of the textile maker's stock valued at $2,986,000 after purchasing an additional 106,464 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Hanesbrands by 324.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,886,647 shares of the textile maker's stock valued at $15,357,000 after purchasing an additional 1,442,571 shares during the last quarter. Finally, Fifth Third Bancorp grew its position 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 valued at $48,000 after purchasing an additional 2,267 shares during the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Price Performance

NYSE:HBI traded up $0.1740 during mid-day trading on Friday, hitting $6.3640. The company's stock had a trading volume of 4,790,051 shares, compared to its average volume of 15,239,144. Hanesbrands Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $9.10. The company has a current ratio of 1.52, a quick ratio of 0.74 and a debt-to-equity ratio of 13.62. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 26.52 and a beta of 1.40. The stock has a fifty day moving average of $4.85 and a 200-day moving average of $5.23.

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, topping the consensus estimate of $0.18 by $0.06. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The firm had revenue of $991.33 million during the quarter, compared to analyst estimates of $971.93 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. The company's quarterly revenue was down .4% compared to the same quarter last year. 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, equities analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.