Hanesbrands Inc. (NYSE:HBI) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Hanesbrands Inc. (NYSE:HBI) has received a consensus rating of "Hold" from five brokerages, with four analysts recommending a hold and one a buy, setting an average target price of $6.50.
• Recent hedge fund activity for Hanesbrands shows significant investment, with Corient Private Wealth increasing its stake by 42.5% and Texas Permanent School Fund Corp increasing its stake by 190.3% during the second quarter.
• Hanesbrands reported earnings of $0.24 per share for the last quarter, surpassing the consensus estimate and indicating revenue of $991.33 million despite a slight year-over-year decrease.

Hanesbrands Inc. (NYSE:HBI - Get Free Report) has been given a consensus rating of "Hold" by the five ratings firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $6.50.

HBI has been the subject of several recent research reports. Wells Fargo & Company upgraded Hanesbrands from a "strong sell" rating to an "equal weight" rating and boosted their price objective for the company from $5.00 to $6.00 in a research report on Thursday, August 14th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Hanesbrands in a research report on Saturday, September 27th. UBS Group boosted their price objective on Hanesbrands from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised Hanesbrands from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th.

Hedge Funds Weigh In On Hanesbrands

Several hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC increased its stake in shares of Hanesbrands by 42.5% during the second quarter. Corient Private Wealth LLC now owns 16,618 shares of the textile maker's stock valued at $76,000 after buying an additional 4,954 shares during the period. Texas Permanent School Fund Corp increased its stake in shares of Hanesbrands by 190.3% during the second quarter. Texas Permanent School Fund Corp now owns 595,695 shares of the textile maker's stock valued at $2,728,000 after buying an additional 390,493 shares during the period. Osaic Holdings Inc. increased its stake in shares of Hanesbrands by 8.9% during the second quarter. Osaic Holdings Inc. now owns 512,769 shares of the textile maker's stock valued at $2,353,000 after buying an additional 42,060 shares during the period. Marex Group plc purchased a new position in shares of Hanesbrands during the second quarter valued at approximately $524,000. Finally, Public Sector Pension Investment Board increased its stake in shares of Hanesbrands by 6.9% during the second quarter. Public Sector Pension Investment Board now owns 1,358,445 shares of the textile maker's stock valued at $6,222,000 after buying an additional 87,361 shares during the period. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Trading Up 1.2%

Shares of HBI stock traded up $0.09 on Friday, hitting $6.92. 11,571,843 shares of the company's stock traded hands, compared to its average volume of 6,213,000. The company has a debt-to-equity ratio of 13.62, a quick ratio of 0.74 and a current ratio of 1.52. Hanesbrands has a one year low of $3.96 and a one year high of $9.10. The company's fifty day simple moving average is $5.95 and its 200 day simple moving average is $5.25. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 28.81 and a beta of 1.47.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. Hanesbrands had a return on equity of 226.31% and a net margin of 2.49%.The firm had revenue of $991.33 million during the quarter, compared to the consensus estimate of $971.93 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The business's revenue 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. Equities analysts forecast that Hanesbrands will post 0.53 EPS 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.

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