Vanguard Group Inc. Raises Stock Position in Hanesbrands Inc. $HBI

Key Points

• Vanguard Group Inc. increased its stake in Hanesbrands Inc. by 2.5%, owning 41,041,617 shares valued at approximately $236.81 million.
• Hanesbrands reported $0.24 earnings per share (EPS) for the last quarter, surpassing estimates by $0.06, with a revenue of $991.33 million.
• Several major investors have recently raised their stakes in Hanesbrands, as institutional ownership now accounts for 80.31% of the company's stock.

Vanguard Group Inc. raised its stake in Hanesbrands Inc. (NYSE:HBI - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,041,617 shares of the textile maker's stock after buying an additional 1,006,739 shares during the period. Vanguard Group Inc. owned about 11.62% of Hanesbrands worth $236,810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Hanesbrands by 13.8% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 156,836 shares of the textile maker's stock worth $905,000 after acquiring an additional 18,960 shares during the last quarter. Moors & Cabot Inc. raised its position in Hanesbrands by 11.7% during the first quarter. Moors & Cabot Inc. now owns 60,883 shares of the textile maker's stock valued at $351,000 after purchasing an additional 6,364 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Hanesbrands during the first quarter worth about $58,000. Bayforest Capital Ltd boosted its holdings in shares of Hanesbrands by 70.2% in the 1st quarter. Bayforest Capital Ltd now owns 64,345 shares of the textile maker's stock worth $371,000 after purchasing an additional 26,549 shares in the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Hanesbrands by 110.5% in the 1st quarter. XTX Topco Ltd now owns 237,743 shares of the textile maker's stock worth $1,372,000 after purchasing an additional 124,808 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company's stock.

Wall Street Analysts Forecast Growth

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

Hanesbrands Trading Up 2.8%

HBI traded up $0.1740 during trading on Friday, hitting $6.3640. 4,790,051 shares of the stock traded hands, compared to its average volume of 15,239,144. The firm has a market capitalization of $2.25 billion, a P/E ratio of 26.52 and a beta of 1.40. Hanesbrands Inc. has a 12-month low of $3.96 and a 12-month high of $9.10. The company has a debt-to-equity ratio of 13.62, a current ratio of 1.52 and a quick ratio of 0.74. The firm has a 50-day moving average of $4.85 and a 200 day moving average of $5.21.

Hanesbrands (NYSE:HBI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. The firm had revenue of $991.33 million for the quarter, compared to analysts' expectations of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The company's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities research analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current 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.