Hanesbrands (NYSE:HBI) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Hanesbrands Inc. shares have crossed above their 200-day moving average of $5.19, trading at $6.46, signaling potential upward momentum.
• Analysts have recently upgraded the stock, with Wells Fargo raising its rating from "strong sell" to "equal weight," and UBS Group increasing its price target from $8.00 to $9.00.
• The company reported $0.24 earnings per share in its last quarter, exceeding expectations, though its revenue decreased by 0.4% year-over-year to $991.33 million.

Hanesbrands Inc. (NYSE:HBI - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.19 and traded as high as $6.51. Hanesbrands shares last traded at $6.46, with a volume of 5,903,234 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HBI. Wells Fargo & Company raised shares of Hanesbrands from a "strong sell" rating to an "equal weight" rating and lifted their target price for the stock from $5.00 to $6.00 in a research report on Thursday, August 14th. 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, UBS Group boosted 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Hanesbrands has an average rating of "Hold" and a consensus price target of $6.50.

Hanesbrands Price Performance

The stock's 50 day moving average price is $5.57 and its two-hundred day moving average price is $5.19. 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 firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 26.90 and a beta of 1.42.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.06. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The business had revenue of $991.33 million during the quarter, compared to analysts' expectations of $971.93 million. During the same period in the previous year, the company earned $0.15 earnings per share. Hanesbrands'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 research analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current year.

Institutional Trading of Hanesbrands

A number of institutional investors and hedge funds have recently modified their holdings of HBI. Vanguard Group Inc. raised its stake in 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 purchasing an additional 1,006,739 shares during the last quarter. Brandes Investment Partners LP raised its stake in Hanesbrands by 51.2% during the 2nd quarter. Brandes Investment Partners LP now owns 12,423,152 shares of the textile maker's stock valued at $56,898,000 after purchasing an additional 4,205,103 shares during the last quarter. American Century Companies Inc. raised its stake 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 raised its stake in Hanesbrands by 16.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 6,480,602 shares of the textile maker's stock valued at $29,681,000 after purchasing an additional 908,933 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Hanesbrands by 6.2% during the 2nd quarter. Alliancebernstein L.P. now owns 5,412,084 shares of the textile maker's stock valued at $24,787,000 after purchasing an additional 316,026 shares during the last quarter. 80.31% of the stock is currently 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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