OLD National Bancorp IN Buys 30,025 Shares of Hanesbrands Inc. $HBI

OLD National Bancorp IN grew its stake in Hanesbrands Inc. (NYSE:HBI) by 72.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,528 shares of the textile maker’s stock after acquiring an additional 30,025 shares during the period. OLD National Bancorp IN’s holdings in Hanesbrands were worth $328,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HBI. American Century Companies Inc. grew its stake in Hanesbrands by 40.8% in the 1st quarter. American Century Companies Inc. now owns 7,547,938 shares of the textile maker’s stock worth $43,552,000 after acquiring an additional 2,185,483 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Hanesbrands by 1,008.9% during the first quarter. MetLife Investment Management LLC now owns 2,337,148 shares of the textile maker’s stock valued at $13,485,000 after purchasing an additional 2,126,376 shares in the last quarter. Nuveen LLC bought a new position in shares of Hanesbrands during the first quarter valued at approximately $7,761,000. Invesco Ltd. boosted its stake in shares of Hanesbrands by 59.9% during the first quarter. Invesco Ltd. now owns 2,755,348 shares of the textile maker’s stock valued at $15,898,000 after purchasing an additional 1,032,139 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Hanesbrands by 2.5% during the first 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 in the last quarter. 80.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on HBI. UBS Group increased their price objective on shares of Hanesbrands from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hanesbrands in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company upgraded shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and increased their price objective for the company from $5.00 to $6.00 in a research note on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Hanesbrands has an average rating of “Hold” and an average price target of $6.50.

Hanesbrands Trading Down 0.1%

NYSE:HBI opened at $6.93 on Wednesday. Hanesbrands Inc. has a 52 week low of $3.96 and a 52 week high of $9.10. The firm has a 50 day moving average of $6.05 and a 200 day moving average of $5.25. 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 has a market capitalization of $2.45 billion, a price-to-earnings ratio of 28.86 and a beta of 1.47.

Hanesbrands (NYSE:HBI) 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. As a group, sell-side analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal 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.