Charles Schwab Investment Management Inc. Decreases Position 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. lessened its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HBI. Ameriprise Financial Inc. lifted its position in Hanesbrands by 28.2% in the 4th quarter. Ameriprise Financial Inc. now owns 9,951,948 shares of the textile maker's stock valued at $81,009,000 after acquiring an additional 2,189,844 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Hanesbrands by 324.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,886,647 shares of the textile maker's stock valued at $15,357,000 after acquiring an additional 1,442,571 shares in the last quarter. Vanguard Group Inc. lifted its position in Hanesbrands by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 41,041,617 shares of the textile maker's stock valued at $236,810,000 after acquiring an additional 1,006,739 shares in the last quarter. Wellington Management Group LLP bought a new position in Hanesbrands in the 4th quarter valued at about $7,922,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Hanesbrands in the 4th quarter valued at about $7,146,000. Institutional investors own 80.31% of the company's stock.

Hanesbrands Stock Up 1.5%

NYSE:HBI traded up $0.10 on Wednesday, hitting $6.37. The stock had a trading volume of 5,989,168 shares, compared to its average volume of 15,347,362. 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 cap of $2.25 billion, a P/E ratio of 26.52 and a beta of 1.40. Hanesbrands Inc. has a 1 year low of $3.96 and a 1 year high of $9.10. The firm's fifty day simple moving average is $4.96 and its two-hundred day simple moving average is $5.20.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $991.33 million during 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 for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business 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. Analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

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

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.