1,345,038 Shares in Hanesbrands Inc. $HBI Bought by Nuveen LLC

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 acquired a new position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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 institutional investors have also added to or reduced their stakes in HBI. GeoWealth Management LLC increased its position in Hanesbrands by 2,278.8% during the 4th quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock worth $28,000 after purchasing an additional 3,327 shares in the last quarter. CX Institutional acquired a new position in Hanesbrands during the 1st quarter worth approximately $34,000. Fifth Third Bancorp increased its position in Hanesbrands by 37.8% during the 1st quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker's stock worth $48,000 after purchasing an additional 2,267 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Hanesbrands during the 4th quarter worth approximately $56,000. Finally, Insigneo Advisory Services LLC acquired a new position in Hanesbrands during the 1st quarter worth approximately $58,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HBI shares. 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 upped their price target for the company from $5.00 to $6.00 in a research report on Thursday, August 14th. 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, UBS Group upped their price target 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. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.50.

Hanesbrands Trading Down 0.4%

Shares of NYSE:HBI traded down $0.03 during trading on Friday, reaching $6.31. The stock had a trading volume of 4,226,604 shares, compared to its average volume of 15,173,549. The firm's fifty day moving average is $5.03 and its 200 day moving average is $5.17. 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 52 week low of $3.96 and a 52 week high of $9.10. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 26.27 and a beta of 1.40.

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

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.