Allianz Asset Management GmbH Raises Stock Position in Hanesbrands Inc. $HBI

Allianz Asset Management GmbH lifted its position in Hanesbrands Inc. (NYSE:HBI) by 16.3% during the second quarter, Holdings Channel reports. The institutional investor owned 6,480,602 shares of the textile maker’s stock after buying an additional 908,933 shares during the quarter. Allianz Asset Management GmbH’s holdings in Hanesbrands were worth $29,681,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Hanesbrands by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 41,041,617 shares of the textile maker’s stock worth $236,810,000 after buying an additional 1,006,739 shares during the last quarter. American Century Companies Inc. grew its position in shares of Hanesbrands by 40.8% in the 1st quarter. American Century Companies Inc. now owns 7,547,938 shares of the textile maker’s stock worth $43,552,000 after buying an additional 2,185,483 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Hanesbrands by 3.9% in the 1st quarter. Alliancebernstein L.P. now owns 5,096,058 shares of the textile maker’s stock worth $29,404,000 after buying an additional 193,460 shares during the last quarter. Millennium Management LLC grew its position in shares of Hanesbrands by 11.6% in the 1st quarter. Millennium Management LLC now owns 3,117,512 shares of the textile maker’s stock worth $17,988,000 after buying an additional 324,054 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Hanesbrands by 59.9% in 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 last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Performance

Shares of NYSE HBI opened at $6.89 on Friday. 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 12 month low of $3.96 and a 12 month high of $9.10. The company has a 50 day simple moving average of $6.47 and a two-hundred day simple moving average of $5.31. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 28.69 and a beta of 1.47.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 EPS for the quarter, beating 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 business had revenue of $991.33 million during the quarter, compared to analysts’ expectations of $971.93 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s quarterly revenue was down .4% compared to the same quarter last year. 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, analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on HBI. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hanesbrands in a research note on Wednesday, October 8th. UBS Group lifted their target price on shares of Hanesbrands from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company upgraded shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and lifted their target price for the stock from $5.00 to $6.00 in a research note on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company 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.