Hanesbrands Inc. $HBI Shares Bought 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. grew its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 59.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,755,348 shares of the textile maker's stock after acquiring an additional 1,032,139 shares during the period. Invesco Ltd. owned about 0.78% of Hanesbrands worth $15,898,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of Hanesbrands by 11.2% during the 1st quarter. LPL Financial LLC now owns 505,109 shares of the textile maker's stock valued at $2,914,000 after acquiring an additional 50,977 shares during the period. Hsbc Holdings PLC raised its position in shares of Hanesbrands by 175.7% during the 4th 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 during the last quarter. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 1,006,739 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Hanesbrands by 60.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 216,653 shares of the textile maker's stock worth $1,250,000 after purchasing an additional 81,709 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Hanesbrands by 40.9% during the 4th quarter. Deutsche Bank AG now owns 366,836 shares of the textile maker's stock worth $2,986,000 after purchasing an additional 106,464 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Stock Down 0.9%

HBI stock traded down $0.06 during trading on Thursday, reaching $6.31. The stock had a trading volume of 690,975 shares, compared to its average volume of 7,347,760. Hanesbrands Inc. has a 1-year low of $3.96 and a 1-year high of $9.10. The company has a current ratio of 1.52, a quick ratio of 0.74 and a debt-to-equity ratio of 13.62. The company has a market capitalization of $2.23 billion, a P/E ratio of 26.27 and a beta of 1.40. The firm has a fifty day moving average price of $4.96 and a 200 day moving average price of $5.20.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $971.93 million. During the same quarter in the previous year, the business posted $0.15 EPS. The firm's revenue was down .4% compared to the same quarter last year. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. On average, equities analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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