Hanesbrands Inc. $HBI Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. raised its stake in Hanesbrands Inc. by 59.9% in Q1, now owning approximately 2.76 million shares valued at about $15.9 million.
• Hanesbrands reported Q2 earnings of $0.24 per share, exceeding estimates, with a revenue of $991.33 million, although year-over-year revenue decreased by 0.4%.
• Analysts have adjusted ratings for Hanesbrands, with some upgrades including a shift from "hold" to "strong-buy", indicating a consensus target price of $6.50.

Invesco Ltd. boosted its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 59.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,755,348 shares of the textile maker's stock after buying an additional 1,032,139 shares during the period. Invesco Ltd. owned approximately 0.78% of Hanesbrands worth $15,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GeoWealth Management LLC grew its position in Hanesbrands by 2,278.8% in the 4th quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock valued at $28,000 after buying an additional 3,327 shares during the last quarter. CX Institutional purchased a new position in Hanesbrands in the 1st quarter valued at $34,000. Fifth Third Bancorp grew its position in Hanesbrands by 37.8% in the 1st quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker's stock valued at $48,000 after buying an additional 2,267 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Hanesbrands in the 4th quarter valued at $56,000. Finally, Insigneo Advisory Services LLC purchased a new position in Hanesbrands in the 1st quarter valued at $58,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HBI has been the topic of a number of analyst reports. UBS Group lifted their price objective 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. Wells Fargo & Company raised Hanesbrands from a "strong sell" rating to an "equal weight" rating and raised their target price for the company 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. Finally, Barclays set a $6.00 target price on Hanesbrands and gave the company an "equal weight" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Hanesbrands has an average rating of "Hold" and an average price target of $6.50.

Hanesbrands Price Performance

Shares of NYSE:HBI traded down $0.04 during midday trading on Thursday, hitting $6.33. 3,790,838 shares of the stock were exchanged, compared to its average volume of 15,296,442. The stock has a market cap of $2.24 billion, a P/E ratio of 26.36 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 Inc. has a twelve month low of $3.96 and a twelve month high of $9.10. The company has a 50 day moving average price of $4.99 and a 200-day moving average price of $5.19.

Hanesbrands (NYSE:HBI - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. The business had revenue of $991.33 million during 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 business's revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, research analysts forecast that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Hanesbrands 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.