MetLife Investment Management LLC Purchases 2,126,376 Shares of Hanesbrands Inc. $HBI

Key Points

• MetLife Investment Management LLC significantly increased its investment in Hanesbrands Inc. by 1,008.9%, acquiring over 2 million additional shares during the first quarter, bringing its total stake to about $13.49 million.
• Hanesbrands recently reported earnings per share of $0.24 for the last quarter, exceeding analysts' expectations, despite a slight year-over-year revenue decline of 0.4%.
• Several analysts have upgraded their ratings for Hanesbrands, with Wall Street Zen raising it to "strong-buy" and UBS Group increasing the target price from $8.00 to $9.00, reflecting positive sentiment in the market.

MetLife Investment Management LLC raised its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 1,008.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,337,148 shares of the textile maker's stock after acquiring an additional 2,126,376 shares during the period. MetLife Investment Management LLC owned approximately 0.66% of Hanesbrands worth $13,485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Hanesbrands by 2.5% during the first quarter. Vanguard Group Inc. now owns 41,041,617 shares of the textile maker's stock worth $236,810,000 after buying an additional 1,006,739 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Hanesbrands by 28.2% in the fourth quarter. Ameriprise Financial Inc. now owns 9,951,948 shares of the textile maker's stock valued at $81,009,000 after acquiring an additional 2,189,844 shares in the last quarter. American Century Companies Inc. raised its holdings in Hanesbrands by 40.8% in the first quarter. American Century Companies Inc. now owns 7,547,938 shares of the textile maker's stock valued at $43,552,000 after acquiring an additional 2,185,483 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Hanesbrands by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,909,654 shares of the textile maker's stock valued at $56,245,000 after purchasing an additional 171,918 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Hanesbrands by 5.4% during the first quarter. Allianz Asset Management GmbH now owns 5,571,669 shares of the textile maker's stock valued at $32,149,000 after purchasing an additional 287,752 shares during the last quarter. Institutional investors and hedge funds own 80.31% of the company's stock.

Hanesbrands Price Performance

Shares of NYSE:HBI traded down $0.04 on Thursday, hitting $6.33. The stock had a trading volume of 3,790,838 shares, compared to its average volume of 15,296,442. The firm's 50 day moving average price is $4.99 and its 200-day moving average price is $5.19. The company has a debt-to-equity ratio of 13.62, a quick ratio of 0.74 and a current ratio of 1.52. Hanesbrands Inc. has a twelve month low of $3.96 and a twelve month high of $9.10. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 26.36 and a beta of 1.40.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its earnings results on Thursday, August 7th. The textile maker reported $0.24 earnings per share for the quarter, topping 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 business had revenue of $991.33 million for the quarter, compared to analyst estimates of $971.93 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The firm's quarterly 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 research analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

HBI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Hanesbrands from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. UBS Group raised 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. Barclays set a $6.00 price target on shares of Hanesbrands and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company raised shares of Hanesbrands from a "strong sell" rating to an "equal weight" rating and boosted their target price for the stock from $5.00 to $6.00 in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hanesbrands presently has an average rating of "Hold" and an average target price of $6.50.

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.