Fuller & Thaler Asset Management Inc. Sells 87,160 Shares of Hanesbrands Inc. $HBI

Key Points

• Fuller & Thaler Asset Management Inc. has reduced its stake in Hanesbrands Inc. by 0.7%, selling 87,160 shares to hold 12,449,426 shares valued at approximately $71.8 million.
• During the same quarter, several other institutional investors significantly increased their stakes in Hanesbrands, with Quantbot Technologies LP boosting its holdings by 225.3%.
• Hanesbrands reported earnings of $0.24 EPS for the last quarter, exceeding analysts' expectations, but its revenue was down 0.4% year-over-year at $991.33 million.

Fuller & Thaler Asset Management Inc. decreased its position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,449,426 shares of the textile maker's stock after selling 87,160 shares during the period. Fuller & Thaler Asset Management Inc. owned about 3.53% of Hanesbrands worth $71,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. LPL Financial LLC grew its position in Hanesbrands by 11.2% during the 1st quarter. LPL Financial LLC now owns 505,109 shares of the textile maker's stock worth $2,914,000 after acquiring an additional 50,977 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Hanesbrands by 175.7% in 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 in the last quarter. Vanguard Group Inc. grew its holdings in shares of 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. increased its stake in shares of Hanesbrands by 60.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 216,653 shares of the textile maker's stock valued at $1,250,000 after buying an additional 81,709 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Hanesbrands by 40.9% in the fourth quarter. Deutsche Bank AG now owns 366,836 shares of the textile maker's stock valued at $2,986,000 after buying an additional 106,464 shares during the last quarter. Institutional investors own 80.31% of the company's stock.

Hanesbrands Trading Up 2.8%

Shares of NYSE:HBI traded up $0.1740 during mid-day trading on Friday, reaching $6.3640. The stock had a trading volume of 4,790,051 shares, compared to its average volume of 15,239,144. The firm has a 50 day simple moving average of $4.85 and a two-hundred day simple moving average of $5.23. Hanesbrands Inc. has a twelve month low of $3.96 and a twelve month high of $9.10. The firm has a market cap of $2.25 billion, a PE ratio of 26.52 and a beta of 1.40. The company has a current ratio of 1.52, a quick ratio of 0.74 and a debt-to-equity ratio of 13.62.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its earnings results 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 the consensus estimate of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same quarter 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. On average, research analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on HBI. Wall Street Zen raised shares of Hanesbrands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Wells Fargo & Company raised Hanesbrands from a "strong sell" rating to an "equal weight" rating and upped their price target for the company from $5.00 to $6.00 in a research note on Thursday, August 14th. Barclays set a $6.00 target price on shares of Hanesbrands and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Finally, UBS Group boosted their price target 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. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.