Hsbc Holdings PLC Cuts Stock Position in Hanesbrands Inc. $HBI

Key Points

• Hsbc Holdings PLC has reduced its stake in Hanesbrands Inc. by 67.9% during the 1st quarter, now holding 88,786 shares valued at approximately $512,000 after selling 187,761 shares.
• In contrast, Vanguard Group Inc. increased its holdings in Hanesbrands by 2.5%, now owning over 41 million shares valued at $236.8 million.
• Analysts have set mixed price targets for Hanesbrands, with Barclays at $6.00 and UBS Group increasing it to $9.00, while the stock currently has a consensus price target of $6.50.

Hsbc Holdings PLC reduced its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 67.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,786 shares of the textile maker's stock after selling 187,761 shares during the quarter. Hsbc Holdings PLC's holdings in Hanesbrands were worth $512,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC grew its position in Hanesbrands by 9.4% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 26,288 shares of the textile maker's stock valued at $152,000 after acquiring an additional 2,255 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Hanesbrands by 37.8% during 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. Balanced Rock Investment Advisors LLC grew its position in shares of Hanesbrands by 6.0% during the first quarter. Balanced Rock Investment Advisors LLC now owns 50,270 shares of the textile maker's stock worth $290,000 after buying an additional 2,826 shares in the last quarter. Corton Capital Inc. grew its position in shares of Hanesbrands by 23.4% during the fourth quarter. Corton Capital Inc. now owns 16,626 shares of the textile maker's stock worth $135,000 after buying an additional 3,151 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Hanesbrands by 23.7% during the first quarter. Federated Hermes Inc. now owns 17,423 shares of the textile maker's stock worth $101,000 after buying an additional 3,334 shares in the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Stock Up 0.7%

HBI stock traded up $0.05 during trading on Friday, hitting $6.41. 9,638,664 shares of the company's stock were exchanged, compared to its average volume of 14,101,939. The business has a 50-day moving average price of $5.20 and a two-hundred day moving average price of $5.17. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 26.69 and a beta of 1.42. Hanesbrands Inc. has a 52-week low of $3.96 and a 52-week 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.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. Hanesbrands had a return on equity of 226.31% and a net margin of 2.49%.The company had revenue of $991.33 million during the quarter, compared to analysts' expectations of $971.93 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The firm'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. As a group, equities research analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wall Street Zen raised Hanesbrands from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. 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 raised 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 research report on Thursday, August 14th. Finally, UBS Group boosted their target price on Hanesbrands from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $6.50.

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.