Public Sector Pension Investment Board Has $7.33 Million Position in Hanesbrands Inc. $HBI

Key Points

• The Public Sector Pension Investment Board increased its holdings in Hanesbrands Inc. by 44.7% during the first quarter, owning approximately 0.36% of the company, valued at $7.33 million.
• Wall Street analysts have varied ratings for Hanesbrands, with Barclays setting a target price of $6.00 and Wells Fargo upgrading their rating from "strong sell" to "hold."
• Hanesbrands reported earnings of $0.24 per share for the recent quarter, exceeding analysts' expectations, although the company's revenue declined 0.4% year-over-year.

Public Sector Pension Investment Board raised its stake in Hanesbrands Inc. (NYSE:HBI - Free Report) by 44.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,271,084 shares of the textile maker's stock after buying an additional 392,832 shares during the period. Public Sector Pension Investment Board owned approximately 0.36% of Hanesbrands worth $7,334,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. GeoWealth Management LLC lifted its stake in Hanesbrands by 2,278.8% during the fourth quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock valued at $28,000 after buying an additional 3,327 shares in the last quarter. Transce3nd LLC purchased a new stake in shares of Hanesbrands during the fourth quarter worth $45,000. CX Institutional bought a new stake in shares of Hanesbrands in the 1st quarter valued at approximately $34,000. Lazard Asset Management LLC acquired a new position in Hanesbrands in the fourth quarter worth approximately $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Hanesbrands during the fourth quarter valued at approximately $67,000. 80.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company upgraded shares of 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 research note on Thursday, August 14th. Wall Street Zen raised 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 Hanesbrands from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Barclays set a $6.00 target price on Hanesbrands and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.50.

Hanesbrands Stock Performance

NYSE:HBI traded down $0.0050 during trading hours on Tuesday, hitting $6.4450. 4,418,905 shares of the company traded hands, compared to its average volume of 7,319,108. 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 Inc. has a twelve month low of $3.96 and a twelve month high of $9.10. The firm has a 50-day moving average of $4.73 and a 200 day moving average of $5.24. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 26.86 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. The company had revenue of $991.33 million for the quarter, compared to the consensus estimate of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The business's revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 EPS. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. On average, analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current year.

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.