Hennessy Advisors Inc. Sells 692,000 Shares of Hanesbrands Inc. $HBI

Hennessy Advisors Inc. lessened its holdings in Hanesbrands Inc. (NYSE:HBI) by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,268,600 shares of the textile maker’s stock after selling 692,000 shares during the quarter. Hennessy Advisors Inc. owned 1.78% of Hanesbrands worth $28,710,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HBI. GAMMA Investing LLC lifted its position in shares of Hanesbrands by 503.9% in the first quarter. GAMMA Investing LLC now owns 40,275 shares of the textile maker’s stock worth $2,320,000 after purchasing an additional 33,606 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Hanesbrands by 9.4% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 26,288 shares of the textile maker’s stock valued at $152,000 after acquiring an additional 2,255 shares during the last quarter. OLD National Bancorp IN lifted its stake in Hanesbrands by 20.3% in the first quarter. OLD National Bancorp IN now owns 41,503 shares of the textile maker’s stock valued at $239,000 after acquiring an additional 6,996 shares during the last quarter. CX Institutional acquired a new stake in Hanesbrands in the first quarter valued at $34,000. Finally, Fifth Third Bancorp lifted its stake in Hanesbrands by 37.8% in the first quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker’s stock valued at $48,000 after acquiring an additional 2,267 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Price Performance

Shares of HBI opened at $6.92 on Friday. The firm has a market capitalization of $2.45 billion, a PE ratio of 28.81 and a beta of 1.47. The company’s 50-day moving average is $5.95 and its 200-day moving average is $5.25. Hanesbrands Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $9.10. The company has a debt-to-equity ratio of 13.62, a current ratio of 1.52 and a quick ratio of 0.74.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $991.33 million for the quarter, compared to analyst estimates of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The company’s revenue was down .4% on a year-over-year basis. 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. Equities analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on HBI shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hanesbrands in a research note on Saturday, September 27th. Wells Fargo & Company upgraded shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and increased their price target for the company from $5.00 to $6.00 in a research note on Thursday, August 14th. Wall Street Zen upgraded shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, UBS Group increased their price target 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. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.