Hanesbrands (NYSE:HBI) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• Hanesbrands (NYSE:HBI) received a "Hold (C-)" rating from Weiss Ratings, reaffirming its moderate investment stance amid varied assessments from other research firms.
• The company's recent quarterly earnings exceeded analysts' expectations, reporting $0.24 EPS against an estimate of $0.18, though revenue decreased slightly year-over-year.
• Hanesbrands has a significant institutional ownership, with over 80% of its stock held by institutional investors and hedge funds, reflecting strong confidence in its potential.

Hanesbrands (NYSE:HBI - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other research firms have also issued reports on HBI. Wall Street Zen raised Hanesbrands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Wells Fargo & Company raised Hanesbrands from a "strong sell" rating to an "equal weight" rating and increased their target price for the stock from $5.00 to $6.00 in a report on Thursday, August 14th. Finally, UBS Group increased their target price on Hanesbrands from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Hanesbrands currently has a consensus rating of "Hold" and an average target price of $6.50.

Hanesbrands Stock Performance

Shares of NYSE HBI opened at $6.97 on Wednesday. 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 stock's fifty day moving average price is $6.11 and its two-hundred day moving average price is $5.26. Hanesbrands has a one year low of $3.96 and a one year high of $9.10. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 29.04 and a beta of 1.47.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $971.93 million. During the same period in the prior year, the firm posted $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 analysts forecast that Hanesbrands will post 0.53 EPS for the current year.

Institutional Trading of Hanesbrands

Several large investors have recently bought and sold shares of HBI. First Horizon Advisors Inc. boosted its stake in Hanesbrands by 240.7% in the second quarter. First Horizon Advisors Inc. now owns 6,613 shares of the textile maker's stock valued at $30,000 after buying an additional 4,672 shares in the last quarter. CX Institutional bought a new position in Hanesbrands in the first quarter valued at about $34,000. Strs Ohio bought a new position in Hanesbrands in the first quarter valued at about $38,000. AlphaQuest LLC bought a new position in Hanesbrands in the first quarter valued at about $44,000. Finally, Fifth Third Bancorp raised its position in 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 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.

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