American Century Companies Inc. Increases Holdings in Hanesbrands Inc. $HBI

Key Points

• American Century Companies Inc. increased its stake in Hanesbrands Inc. by 40.8% in Q1, owning approximately 2.14% of the company valued at $43.55 million.
• Institutional investors hold 80.31% of Hanesbrands' stock, with significant increases also seen from Ameriprise Financial and Balyasny Asset Management.
• Hanesbrands reported earnings of $0.24 EPS for the last quarter, exceeding expectations, although revenue fell 0.4% year-over-year.

American Century Companies Inc. increased its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 40.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,547,938 shares of the textile maker's stock after buying an additional 2,185,483 shares during the period. American Century Companies Inc. owned 2.14% of Hanesbrands worth $43,552,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HBI. GeoWealth Management LLC raised its position in shares of Hanesbrands by 2,278.8% in the fourth quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock worth $28,000 after buying an additional 3,327 shares in the last quarter. CX Institutional purchased a new stake in shares of Hanesbrands in the first quarter worth $34,000. Transce3nd LLC purchased a new stake in shares of Hanesbrands in the fourth quarter worth $45,000. Fifth Third Bancorp raised its position in shares of Hanesbrands by 37.8% in the first quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker's stock worth $48,000 after buying an additional 2,267 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Hanesbrands in the fourth quarter worth $56,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Wall Street Analyst Weigh In

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

Hanesbrands Trading Up 0.6%

Shares of HBI traded up $0.04 during trading hours on Tuesday, hitting $6.28. The company had a trading volume of 4,598,738 shares, compared to its average volume of 15,320,925. The firm has a market cap of $2.22 billion, a P/E ratio of 26.15 and a beta of 1.40. The stock's 50 day moving average price is $4.92 and its 200 day moving average price is $5.19. The company has a quick ratio of 0.74, a current ratio of 1.52 and a debt-to-equity ratio of 13.62. Hanesbrands Inc. has a 52-week low of $3.96 and a 52-week high of $9.10.

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