Swiss National Bank Reduces Position in Hanesbrands Inc. $HBI

Swiss National Bank cut its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 682,900 shares of the textile maker’s stock after selling 6,600 shares during the quarter. Swiss National Bank owned about 0.19% of Hanesbrands worth $3,940,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Deutsche Bank AG grew its holdings in shares of Hanesbrands by 99.1% during the first quarter. Deutsche Bank AG now owns 730,537 shares of the textile maker’s stock valued at $4,215,000 after buying an additional 363,701 shares during the last quarter. 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 valued at $236,810,000 after buying an additional 1,006,739 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in Hanesbrands by 13.8% during the first quarter. Pacific Ridge Capital Partners LLC now owns 156,836 shares of the textile maker’s stock valued at $905,000 after purchasing an additional 18,960 shares during the period. Moors & Cabot Inc. lifted its position in Hanesbrands by 11.7% during the first quarter. Moors & Cabot Inc. now owns 60,883 shares of the textile maker’s stock valued at $351,000 after purchasing an additional 6,364 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in Hanesbrands during the first quarter valued at $58,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Trading Down 3.3%

Shares of Hanesbrands stock opened at $6.2550 on Thursday. Hanesbrands Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $9.10. The company has a debt-to-equity ratio of 13.62, a quick ratio of 0.74 and a current ratio of 1.52. The firm has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $5.26. The company has a market cap of $2.21 billion, a P/E ratio of 26.06 and a beta of 1.40.

Hanesbrands (NYSE:HBI) last released its quarterly 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 firm had revenue of $991.33 million during the quarter, compared to the consensus estimate of $971.93 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’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 analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HBI. Wells Fargo & Company upgraded shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and boosted their target price for the company from $5.00 to $6.00 in a research report on Thursday, August 14th. 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 boosted their target price 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. Finally, Barclays set a $6.00 target price on shares of Hanesbrands and gave the company an “equal weight” rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hanesbrands presently has an average rating of “Hold” and a consensus price target 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.