Hanesbrands Inc. (NYSE:HBI) Short Interest Update

Hanesbrands Inc. (NYSE:HBI) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 47,350,000 shares, a decrease of 10.0% from the September 15th total of 52,590,000 shares. Approximately 13.6% of the shares of the stock are sold short. Based on an average trading volume of 8,760,000 shares, the short-interest ratio is presently 5.4 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a report on Monday, August 12th. UBS Group increased their target price on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a report on Tuesday, August 27th. Finally, Barclays increased their target price on Hanesbrands from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hanesbrands currently has an average rating of “Hold” and a consensus price target of $5.80.

Hanesbrands Stock Up 1.5 %

Shares of HBI traded up $0.11 during midday trading on Thursday, reaching $7.47. 4,385,488 shares of the stock were exchanged, compared to its average volume of 7,938,391. The company has a market cap of $2.63 billion, a price-to-earnings ratio of -123.50 and a beta of 1.58. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 50.06. Hanesbrands has a 12-month low of $3.58 and a 12-month high of $7.52. The firm has a 50 day simple moving average of $6.66 and a 200-day simple moving average of $5.60.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The firm had revenue of $995.40 million during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company earned ($0.01) earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year. Research analysts forecast that Hanesbrands will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Concord Wealth Partners grew its stake in Hanesbrands by 220.3% in the 1st quarter. Concord Wealth Partners now owns 5,260 shares of the textile maker’s stock valued at $31,000 after buying an additional 3,618 shares during the last quarter. Tradewinds Capital Management LLC acquired a new position in Hanesbrands in the 1st quarter valued at $35,000. Hollencrest Capital Management acquired a new position in Hanesbrands in the 1st quarter valued at $41,000. Future Financial Wealth Managment LLC acquired a new position in Hanesbrands in the 1st quarter valued at $44,000. Finally, Rothschild Investment LLC acquired a new position in Hanesbrands in the 2nd quarter valued at $39,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

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.