Petros Family Wealth LLC Buys 2,390 Shares of Hanesbrands Inc. $HBI

Petros Family Wealth LLC lifted its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 15.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,817 shares of the textile maker’s stock after purchasing an additional 2,390 shares during the quarter. Petros Family Wealth LLC’s holdings in Hanesbrands were worth $82,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. OLD National Bancorp IN raised its stake in Hanesbrands by 72.3% in the second quarter. OLD National Bancorp IN now owns 71,528 shares of the textile maker’s stock valued at $328,000 after purchasing an additional 30,025 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of Hanesbrands by 22.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 32,172 shares of the textile maker’s stock valued at $147,000 after buying an additional 5,884 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Hanesbrands by 6,200.0% during the 2nd quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker’s stock worth $260,000 after acquiring an additional 55,800 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Hanesbrands by 7.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 210,672 shares of the textile maker’s stock worth $964,000 after acquiring an additional 15,018 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in Hanesbrands in the second quarter valued at approximately $281,000. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Performance

Shares of HBI stock opened at $6.92 on Monday. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 28.81 and a beta of 1.47. 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 business’s 50-day moving average price is $5.95 and its 200-day moving average price is $5.23. Hanesbrands Inc. has a 12 month low of $3.96 and a 12 month high of $9.10.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. Hanesbrands had a return on equity of 226.31% and a net margin of 2.49%.The company had revenue of $991.33 million during the quarter, compared to the consensus estimate of $971.93 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The firm’s 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 forecast that Hanesbrands Inc. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Hanesbrands in a research report on Saturday, September 27th. Wells Fargo & Company raised Hanesbrands from a “strong sell” rating to an “equal weight” rating and raised their price objective for the company from $5.00 to $6.00 in a research note on Thursday, August 14th. Finally, UBS Group boosted their target price on Hanesbrands from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One equities research 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 company has an average rating of “Hold” and a consensus target price 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.