Deutsche Bank AG Increases Stake in Hanesbrands Inc. $HBI

Deutsche Bank AG boosted its position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 99.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 730,537 shares of the textile maker's stock after acquiring an additional 363,701 shares during the period. Deutsche Bank AG owned about 0.21% of Hanesbrands worth $4,215,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

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

Hanesbrands Stock Performance

HBI stock traded up $0.2050 on Friday, hitting $6.3950. The company's stock had a trading volume of 1,135,740 shares, compared to its average volume of 7,412,486. The firm has a 50 day moving average of $4.82 and a two-hundred day moving average of $5.24. Hanesbrands Inc. has a 1 year low of $3.96 and a 1 year high of $9.10. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 26.69 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 released its quarterly 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. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The firm had revenue of $991.33 million during the quarter, compared to the consensus estimate of $971.93 million. During the same quarter in the prior year, the firm earned $0.15 EPS. Hanesbrands's revenue for the quarter 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. Equities analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

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.