Hanesbrands Inc. (NYSE:HBI – Get Free Report) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 49,370,000 shares, an increase of 5.7% from the October 31st total of 46,690,000 shares. Based on an average trading volume of 6,360,000 shares, the short-interest ratio is presently 7.8 days. Currently, 14.2% of the shares of the stock are sold short.
Analysts Set New Price Targets
A number of research firms recently issued reports on HBI. Barclays lifted their target price on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus lifted their price target on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Hanesbrands has an average rating of “Hold” and a consensus price target of $6.90.
Check Out Our Latest Report on Hanesbrands
Institutional Investors Weigh In On Hanesbrands
Hanesbrands Trading Down 1.0 %
NYSE:HBI opened at $8.58 on Thursday. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. Hanesbrands has a fifty-two week low of $3.70 and a fifty-two week high of $9.10. The stock’s 50-day moving average is $7.67 and its two-hundred day moving average is $6.34. The stock has a market cap of $3.02 billion, a PE ratio of -13.00 and a beta of 1.64.
Hanesbrands (NYSE:HBI – Get Free Report) last released its earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $937.10 million for the quarter, compared to analysts’ expectations of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. As a group, equities research analysts forecast that Hanesbrands will post 0.39 earnings per share for the current fiscal 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.
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