Aristeia Capital L.L.C. Sells 39,232 Shares of Hanesbrands Inc. $HBI

Aristeia Capital L.L.C. lowered its position in shares of Hanesbrands Inc. (NYSE:HBI) by 78.9% in the first quarter, HoldingsChannel reports. The fund owned 10,515 shares of the textile maker’s stock after selling 39,232 shares during the period. Aristeia Capital L.L.C.’s holdings in Hanesbrands were worth $61,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HBI. American Century Companies Inc. raised its position in shares of Hanesbrands by 40.8% during the first 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 during the last quarter. MetLife Investment Management LLC increased its holdings in Hanesbrands by 1,008.9% in 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 during the last quarter. Nuveen LLC bought a new stake in Hanesbrands in the first quarter valued at about $7,761,000. Invesco Ltd. increased its holdings in Hanesbrands by 59.9% in 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 during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Hanesbrands by 2.5% in 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 during the last quarter. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Up 0.4%

HBI stock opened at $6.44 on Tuesday. 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 has a market capitalization of $2.28 billion, a P/E ratio of 26.81 and a beta of 1.42. The business has a 50-day moving average of $5.24 and a 200-day moving average of $5.17. Hanesbrands Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $9.10.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The company had revenue of $991.33 million during the quarter, compared to analysts’ expectations of $971.93 million. Hanesbrands had a return on equity of 226.31% and a net margin of 2.49%.Hanesbrands’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $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, sell-side analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hanesbrands 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.