Hanesbrands Inc. (HBI) Short Interest Up 8.2% in December
Hanesbrands Inc. (NYSE:HBI) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 62,970,177 shares, an increase of 8.2% from the November 30th total of 58,202,377 shares. Currently, 17.5% of the company’s stock are short sold. Based on an average trading volume of 7,103,047 shares, the days-to-cover ratio is currently 8.9 days.
Several analysts have weighed in on HBI shares. Nomura cut their price objective on Hanesbrands from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Oppenheimer reaffirmed a “buy” rating on shares of Hanesbrands in a research report on Wednesday, October 18th. B. Riley reaffirmed a “buy” rating on shares of Hanesbrands in a research report on Thursday, November 2nd. Wells Fargo & Co cut Hanesbrands from an “outperform” rating to a “market perform” rating and set a $23.00 price objective on the stock. in a research report on Wednesday, October 25th. Finally, Citigroup reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Hanesbrands in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.63.
Several hedge funds have recently added to or reduced their stakes in the company. Sentry Investment Management LLC raised its holdings in Hanesbrands by 0.4% in the 2nd quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock worth $576,000 after acquiring an additional 109 shares during the last quarter. QS Investors LLC raised its holdings in Hanesbrands by 2.8% in the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after acquiring an additional 140 shares during the last quarter. FTB Advisors Inc. raised its holdings in Hanesbrands by 1.5% in the 2nd quarter. FTB Advisors Inc. now owns 11,393 shares of the textile maker’s stock worth $263,000 after acquiring an additional 166 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in Hanesbrands by 1.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 20,305 shares of the textile maker’s stock worth $470,000 after acquiring an additional 233 shares during the last quarter. Finally, Flinton Capital Management LLC raised its holdings in Hanesbrands by 1.1% in the 2nd quarter. Flinton Capital Management LLC now owns 22,596 shares of the textile maker’s stock worth $523,000 after acquiring an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Hanesbrands (NYSE HBI) opened at $21.23 on Friday. Hanesbrands has a 1-year low of $18.90 and a 1-year high of $25.73. The stock has a market cap of $7,751.06, a P/E ratio of 13.10, a PEG ratio of 1.13 and a beta of 0.70. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90.
Hanesbrands (NYSE:HBI) last released its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the business earned $0.56 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. sell-side analysts predict that Hanesbrands will post 1.94 EPS for the current fiscal year.
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Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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