Nuveen LLC Makes New Investment in Hanesbrands Inc. $HBI

Key Points

• Nuveen LLC has invested approximately $7.76 million in Hanesbrands Inc., acquiring over 1.3 million shares, which represents about 0.38% ownership in the company.
• Analyst ratings for Hanesbrands show a mix of upgrades, with UBS Group raising its price target from $8.00 to $9.00, and Wall Street Zen upgrading the stock to a "strong-buy" rating.
• The company reported earnings of $0.24 per share for the last quarter, exceeding expectations, with a revenue of $991.33 million, although this represents a slight decline compared to the previous year.

Nuveen LLC bought a new stake in Hanesbrands Inc. (NYSE:HBI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,345,038 shares of the textile maker's stock, valued at approximately $7,761,000. Nuveen LLC owned approximately 0.38% of Hanesbrands at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Aigen Investment Management LP acquired a new stake in Hanesbrands in the first quarter valued at approximately $65,000. Entropy Technologies LP acquired a new position in Hanesbrands during the 1st quarter worth about $404,000. Invesco Ltd. lifted its holdings in Hanesbrands by 59.9% during the 1st quarter. Invesco Ltd. now owns 2,755,348 shares of the textile maker's stock worth $15,898,000 after buying an additional 1,032,139 shares during the period. Balanced Rock Investment Advisors LLC lifted its holdings in Hanesbrands by 6.0% during the 1st 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 during the period. Finally, Deutsche Bank AG lifted its holdings in Hanesbrands by 99.1% during the 1st quarter. Deutsche Bank AG now owns 730,537 shares of the textile maker's stock worth $4,215,000 after buying an additional 363,701 shares during the period. Institutional investors and hedge funds own 80.31% of the company's stock.

Hanesbrands Stock Down 0.6%

Shares of NYSE:HBI traded down $0.04 during midday trading on Thursday, hitting $6.33. 3,790,838 shares of the company's stock were exchanged, compared to its average volume of 7,367,719. 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 stock has a 50 day moving average price of $4.96 and a 200-day moving average price of $5.20. The company has a market cap of $2.24 billion, a PE ratio of 26.36 and a beta of 1.40. Hanesbrands Inc. has a 12 month low of $3.96 and a 12 month high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its earnings results on Thursday, August 7th. The textile maker reported $0.24 EPS 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 company had revenue of $991.33 million during the quarter, compared to the consensus estimate of $971.93 million. During the same period in the previous year, the firm posted $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. On average, sell-side analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays set a $6.00 target price on Hanesbrands and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Wall Street Zen upgraded Hanesbrands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. UBS Group increased their price target on Hanesbrands from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company upgraded Hanesbrands from a "strong sell" rating to an "equal weight" rating and increased their price target for the stock from $5.00 to $6.00 in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Hanesbrands currently 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.