Hanesbrands Inc. (NYSE:HBI) Short Interest Up 5.7% in November

Hanesbrands Inc. (NYSE:HBIGet 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

Several institutional investors have recently made changes to their positions in HBI. Blue Trust Inc. lifted its holdings in Hanesbrands by 42.3% in the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after purchasing an additional 1,594 shares during the last quarter. Alpha Omega Wealth Management LLC lifted its holdings in Hanesbrands by 1.3% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 157,903 shares of the textile maker’s stock worth $778,000 after purchasing an additional 2,072 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Hanesbrands by 2.3% during the second quarter. Arizona State Retirement System now owns 98,420 shares of the textile maker’s stock worth $485,000 after buying an additional 2,221 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Hanesbrands by 6.6% during the second quarter. Evergreen Capital Management LLC now owns 37,454 shares of the textile maker’s stock worth $185,000 after buying an additional 2,316 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Hanesbrands by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 176,900 shares of the textile maker’s stock worth $872,000 after buying an additional 3,500 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.

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:HBIGet 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

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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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