Nuveen LLC Invests $7.76 Million in Hanesbrands Inc. $HBI

Nuveen LLC bought a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Other institutional investors have also made changes to their positions in the company. GeoWealth Management LLC lifted its position in shares of Hanesbrands by 2,278.8% during the fourth 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 stake in Hanesbrands in the first quarter valued at $34,000. Fifth Third Bancorp raised its holdings in Hanesbrands by 37.8% in the first quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker’s stock valued at $48,000 after acquiring an additional 2,267 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Hanesbrands in the fourth quarter valued at $56,000. Finally, Insigneo Advisory Services LLC acquired a new stake in Hanesbrands in the first quarter valued at $58,000. 80.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HBI has been the topic of several recent analyst reports. 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 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 report on Tuesday, May 20th. Wall Street Zen raised shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Wells Fargo & Company raised 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 report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Hanesbrands has an average rating of “Hold” and an average target price of $6.50.

Hanesbrands Stock Up 2.8%

Shares of NYSE:HBI opened at $6.3640 on Monday. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 26.52 and a beta of 1.40. Hanesbrands Inc. has a 1-year low of $3.96 and a 1-year high of $9.10. The company’s fifty day moving average is $4.85 and its two-hundred day moving average 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 (NYSE:HBI) last issued its earnings results on Thursday, August 7th. The textile maker reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $991.33 million for the quarter, compared to analysts’ expectations of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. Equities analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current year.

Hanesbrands Company 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.