International Assets Investment Management LLC Purchases 14,950 Shares of Hanesbrands Inc. $HBI

International Assets Investment Management LLC increased its position in shares of Hanesbrands Inc. (NYSE:HBI) by 92.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,158 shares of the textile maker’s stock after acquiring an additional 14,950 shares during the period. International Assets Investment Management LLC’s holdings in Hanesbrands were worth $143,000 as of its most recent filing with the Securities and 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% 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 period. Vanguard Group Inc. increased its holdings in Hanesbrands by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 41,041,617 shares of the textile maker’s stock worth $236,810,000 after acquiring an additional 1,006,739 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Hanesbrands by 60.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 216,653 shares of the textile maker’s stock worth $1,250,000 after acquiring an additional 81,709 shares during the period. Mackenzie Financial Corp increased its holdings in Hanesbrands by 436.4% during the 1st quarter. Mackenzie Financial Corp now owns 119,749 shares of the textile maker’s stock worth $691,000 after acquiring an additional 97,426 shares during the period. Finally, Bryce Point Capital LLC bought a new stake in Hanesbrands during the 1st quarter worth approximately $988,000. Institutional investors own 80.31% of the company’s stock.

Analyst Upgrades and Downgrades

HBI has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hanesbrands in a report on Wednesday, October 8th. Wall Street Zen raised shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Citigroup increased their price target on shares of Hanesbrands from $5.50 to $7.00 and gave the stock a “neutral” rating in a report on Thursday. UBS Group increased their price target on shares of Hanesbrands from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Wells Fargo & Company raised shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and increased their price target for the stock from $5.00 to $6.00 in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Hanesbrands presently has an average rating of “Hold” and a consensus price target of $6.60.

Hanesbrands Price Performance

HBI stock opened at $6.89 on Friday. The company has a debt-to-equity ratio of 13.62, a quick ratio of 0.74 and a current ratio of 1.52. Hanesbrands Inc. has a 52 week low of $3.96 and a 52 week high of $9.10. The firm’s fifty day moving average is $6.53 and its 200 day moving average is $5.36. The firm has a market cap of $2.44 billion, a P/E ratio of 28.69 and a beta of 1.47.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, August 7th. The textile maker reported $0.24 EPS for the quarter, beating 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 company had revenue of $991.33 million for the quarter, compared to analyst estimates of $971.93 million. During the same quarter last year, the firm earned $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. Research analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

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.