Atria Wealth Solutions Inc. Has $100,000 Stake in Hanesbrands Inc. $HBI

Atria Wealth Solutions Inc. boosted its position in shares of Hanesbrands Inc. (NYSE:HBI) by 33.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,871 shares of the textile maker’s stock after acquiring an additional 5,472 shares during the period. Atria Wealth Solutions Inc.’s holdings in Hanesbrands were worth $100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC lifted its position in Hanesbrands by 11.2% during the 1st quarter. LPL Financial LLC now owns 505,109 shares of the textile maker’s stock worth $2,914,000 after acquiring an additional 50,977 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 1,006,739 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Hanesbrands by 60.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 216,653 shares of the textile maker’s stock valued at $1,250,000 after buying an additional 81,709 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Hanesbrands by 436.4% in the first quarter. Mackenzie Financial Corp now owns 119,749 shares of the textile maker’s stock valued at $691,000 after buying an additional 97,426 shares during the period. Finally, Bryce Point Capital LLC bought a new stake in shares of Hanesbrands in the first quarter valued at about $988,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Analyst Ratings Changes

HBI has been the subject of several research reports. UBS Group increased their target price 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. Wall Street Zen upgraded shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Citigroup increased their target price on shares of Hanesbrands from $5.50 to $7.00 and gave the company a “neutral” rating in a research note on Thursday. Wells Fargo & Company upgraded shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and increased their target price for the company from $5.00 to $6.00 in a research note on Thursday, August 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hanesbrands in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.60.

Hanesbrands Stock Performance

NYSE:HBI opened at $6.89 on Friday. Hanesbrands Inc. has a 12-month low of $3.96 and a 12-month high of $9.10. 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 firm has a market capitalization of $2.44 billion, a PE ratio of 28.69 and a beta of 1.47. The firm has a 50-day moving average price of $6.53 and a 200 day moving average price of $5.36.

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 the consensus estimate of $0.18 by $0.06. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The firm had revenue of $991.33 million during the quarter, compared to analyst estimates of $971.93 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. Research 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.