Bryce Point Capital LLC Purchases 7,969 Shares of Hanesbrands Inc. $HBI

Bryce Point Capital LLC boosted its position in Hanesbrands Inc. (NYSE:HBI) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 170,100 shares of the textile maker’s stock after acquiring an additional 7,969 shares during the period. Bryce Point Capital LLC’s holdings in Hanesbrands were worth $779,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Connable Office Inc. grew its holdings in Hanesbrands by 38.4% in the 2nd quarter. Connable Office Inc. now owns 22,504 shares of the textile maker’s stock worth $103,000 after acquiring an additional 6,239 shares during the last quarter. Mission Wealth Management LP boosted its stake in shares of Hanesbrands by 8.0% during the 2nd quarter. Mission Wealth Management LP now owns 102,346 shares of the textile maker’s stock valued at $469,000 after purchasing an additional 7,550 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Hanesbrands by 146.6% during the 2nd quarter. Assetmark Inc. now owns 417,837 shares of the textile maker’s stock valued at $1,914,000 after purchasing an additional 248,423 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Hanesbrands by 15.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 320,724 shares of the textile maker’s stock valued at $1,469,000 after purchasing an additional 43,348 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Hanesbrands by 92.2% during the 2nd quarter. International Assets Investment Management LLC now owns 31,158 shares of the textile maker’s stock valued at $143,000 after purchasing an additional 14,950 shares in the last quarter. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Down 0.6%

Shares of Hanesbrands stock opened at $6.57 on Tuesday. The company has a debt-to-equity ratio of 13.62, a quick ratio of 0.74 and a current ratio of 1.52. The stock has a market capitalization of $2.32 billion, a PE ratio of 27.38 and a beta of 1.50. Hanesbrands Inc. has a 52-week low of $3.96 and a 52-week high of $9.10. The company has a 50-day simple moving average of $6.59 and a two-hundred day simple moving average of $5.49.

Hanesbrands (NYSE:HBI) last issued its 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. The business had revenue of $991.33 million during the quarter, compared to analysts’ expectations of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HBI shares. Wells Fargo & Company raised shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and lifted their target price for the company from $5.00 to $6.00 in a research note on Thursday, August 14th. Citigroup boosted their price objective on shares of Hanesbrands from $5.50 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. UBS Group boosted their price objective on shares of Hanesbrands from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wall Street Zen raised shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hanesbrands in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.60.

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.