Hennessy Advisors Inc. Has $28.71 Million Stake in Hanesbrands Inc. $HBI

Hennessy Advisors Inc. decreased its holdings in Hanesbrands Inc. (NYSE:HBI) by 9.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 6,268,600 shares of the textile maker’s stock after selling 692,000 shares during the period. Hennessy Advisors Inc.’s holdings in Hanesbrands were worth $28,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC increased its holdings in Hanesbrands by 11.2% in the 1st quarter. LPL Financial LLC now owns 505,109 shares of the textile maker’s stock valued at $2,914,000 after buying an additional 50,977 shares during the period. Vanguard Group Inc. increased its holdings in Hanesbrands by 2.5% in the 1st 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. increased its holdings in Hanesbrands by 60.6% in the 1st 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 increased its holdings in Hanesbrands by 436.4% in the 1st 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 position in Hanesbrands in the 1st quarter valued at about $988,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Trading Up 1.2%

HBI opened at $6.92 on Friday. The company’s 50 day moving average is $5.95 and its 200-day moving average is $5.25. Hanesbrands Inc. has a 1-year low of $3.96 and a 1-year high of $9.10. The company has a current ratio of 1.52, a quick ratio of 0.74 and a debt-to-equity ratio of 13.62. The company has a market cap of $2.45 billion, a P/E ratio of 28.81 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 for the quarter, beating 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 company had revenue of $991.33 million for the quarter, compared to the consensus estimate of $971.93 million. During the same period last year, the company posted $0.15 EPS. The firm’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. Equities research analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.