Allianz Asset Management GmbH Grows Position in Hanesbrands Inc. $HBI

Allianz Asset Management GmbH raised its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 16.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,480,602 shares of the textile maker's stock after purchasing an additional 908,933 shares during the quarter. Allianz Asset Management GmbH owned 1.84% of Hanesbrands worth $29,681,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Strs Ohio purchased a new position in shares of Hanesbrands in the 1st quarter worth about $38,000. AlphaQuest LLC purchased a new position in shares of Hanesbrands in the 1st quarter worth about $44,000. Fifth Third Bancorp raised its holdings in shares of Hanesbrands by 37.8% in the 1st quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker's stock worth $48,000 after purchasing an additional 2,267 shares during the period. Insigneo Advisory Services LLC purchased a new position in shares of Hanesbrands in the 1st quarter worth about $58,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Hanesbrands in the 1st quarter worth about $58,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Trading Up 0.2%

NYSE HBI 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. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 28.69 and a beta of 1.47. The company's 50-day simple moving average is $6.47 and its two-hundred day simple moving average is $5.31. Hanesbrands Inc. has a one year low of $3.96 and a one year high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its earnings results on Thursday, August 7th. The textile maker reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. The business had revenue of $991.33 million for the quarter, compared to the consensus estimate of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. 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 fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HBI. UBS Group raised their price objective on Hanesbrands from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company upgraded 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. Weiss Ratings reiterated a "hold (c-)" rating on shares of Hanesbrands in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Hanesbrands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Hanesbrands currently 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.

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