Charles Schwab Investment Management Inc. Has $22.88 Million Holdings in Hanesbrands Inc. $HBI

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Hanesbrands Inc. (HBI) by 8.1%, selling 350,083 shares during the first quarter and now holds approximately 3.97 million shares valued at $22.88 million.
• Analysts have varied opinions on Hanesbrands, with UBS raising the target price from $8.00 to $9.00 and changing their rating to "buy," while other analysts maintain a more cautious stance, resulting in an average rating of "hold."
• Hanesbrands reported a better-than-expected earnings per share of $0.24 for the quarter, exceeding consensus estimates, and it's projecting earnings of $0.160 for Q3 2025.

Charles Schwab Investment Management Inc. cut its holdings in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 8.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,965,589 shares of the textile maker's stock after selling 350,083 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.12% of Hanesbrands worth $22,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. LPL Financial LLC increased its position in Hanesbrands by 11.2% during the first quarter. LPL Financial LLC now owns 505,109 shares of the textile maker's stock worth $2,914,000 after buying an additional 50,977 shares during the period. Hsbc Holdings PLC raised its holdings in Hanesbrands by 175.7% during the fourth quarter. Hsbc Holdings PLC now owns 276,547 shares of the textile maker's stock worth $2,283,000 after purchasing an additional 176,238 shares during the last quarter. Vanguard Group Inc. raised its holdings in Hanesbrands by 2.5% during the first quarter. Vanguard Group Inc. now owns 41,041,617 shares of the textile maker's stock worth $236,810,000 after purchasing an additional 1,006,739 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Hanesbrands by 60.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 216,653 shares of the textile maker's stock worth $1,250,000 after purchasing an additional 81,709 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Hanesbrands by 40.9% during the fourth quarter. Deutsche Bank AG now owns 366,836 shares of the textile maker's stock worth $2,986,000 after purchasing an additional 106,464 shares during the last quarter. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised Hanesbrands from a "strong sell" rating to an "equal weight" rating and lifted their price objective for the stock from $5.00 to $6.00 in a report on Thursday, August 14th. Wall Street Zen raised Hanesbrands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Barclays set a $6.00 price target on Hanesbrands and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Finally, UBS Group boosted their price target on Hanesbrands from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.50.

Hanesbrands Stock Performance

HBI traded up $0.04 during trading hours on Tuesday, hitting $6.28. The company's stock had a trading volume of 1,761,525 shares, compared to its average volume of 7,380,576. The company has a 50-day simple moving average of $4.88 and a 200 day simple moving average of $5.18. 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 firm has a market capitalization of $2.22 billion, a PE ratio of 26.15 and a beta of 1.40. Hanesbrands Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its earnings results on Thursday, August 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.06. Hanesbrands had a return on equity of 226.31% and a net margin of 2.49%.The business had revenue of $991.33 million for the quarter, compared to analysts' expectations of $971.93 million. During the same period in the previous year, the firm posted $0.15 EPS. The company's quarterly revenue was down .4% on a year-over-year basis. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. As a group, sell-side analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current year.

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.