47,416 Shares in Hanesbrands Inc. $HBI Bought by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA acquired 47,416 shares of Hanesbrands Inc. during the first quarter, valued at approximately $274,000.
• Wall Street analysts have recently upgraded their ratings on Hanesbrands, with Wells Fargo raising their price target from $5.00 to $6.00 and UBS increasing it from $8.00 to $9.00.
• Hanesbrands reported an EPS of $0.24 for the last quarter, exceeding analysts' expectations, despite a slight year-over-year revenue decline of 0.4%.

Petrus Trust Company LTA bought a new stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 47,416 shares of the textile maker's stock, valued at approximately $274,000.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Hanesbrands by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 41,041,617 shares of the textile maker's stock valued at $236,810,000 after buying an additional 1,006,739 shares in the last quarter. American Century Companies Inc. grew its holdings 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 valued at $43,552,000 after purchasing an additional 2,185,483 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Hanesbrands by 5.4% during the 1st quarter. Allianz Asset Management GmbH now owns 5,571,669 shares of the textile maker's stock valued at $32,149,000 after purchasing an additional 287,752 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Hanesbrands by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 5,096,058 shares of the textile maker's stock valued at $29,404,000 after purchasing an additional 193,460 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Hanesbrands by 11.6% during the 1st quarter. Millennium Management LLC now owns 3,117,512 shares of the textile maker's stock valued at $17,988,000 after purchasing an additional 324,054 shares during the last quarter. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Hanesbrands Stock Down 2.1%

Shares of NYSE HBI traded down $0.14 during midday trading on Friday, reaching $6.24. 3,570,114 shares of the company's stock traded hands, compared to its average volume of 6,445,831. 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 stock's 50 day simple moving average is $5.37 and its 200-day simple moving average is $5.17. Hanesbrands Inc. has a one year low of $3.96 and a one year high of $9.10. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 25.98 and a beta of 1.42.

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 analysts' consensus estimates of $0.18 by $0.06. The business had revenue of $991.33 million during the quarter, compared to analysts' expectations of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same quarter last 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, analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Hanesbrands Company 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.