Hanesbrands Inc. (NYSE:HBI) Short Interest Update

Hanesbrands Inc. (NYSE:HBI) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 51,630,000 shares, an increase of 5.3% from the March 15th total of 49,020,000 shares. Based on an average daily volume of 9,230,000 shares, the short-interest ratio is presently 5.6 days. Currently, 14.9% of the company’s shares are sold short.

Hanesbrands Stock Down 0.2 %

HBI stock traded down $0.01 during trading on Tuesday, hitting $4.68. The company had a trading volume of 12,528,846 shares, compared to its average volume of 8,955,729. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.65 and a current ratio of 1.64. Hanesbrands has a one year low of $3.54 and a one year high of $5.86. The business has a 50-day moving average of $5.10 and a 200-day moving average of $4.48.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, February 15th. The textile maker reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.36 billion. Hanesbrands had a negative net margin of 0.31% and a positive return on equity of 5.84%. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 earnings per share. As a group, analysts expect that Hanesbrands will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Harbour Investments Inc. grew its stake in Hanesbrands by 63.2% during the fourth quarter. Harbour Investments Inc. now owns 6,020 shares of the textile maker’s stock worth $38,000 after purchasing an additional 2,332 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Hanesbrands during the 3rd quarter worth approximately $40,000. Journey Strategic Wealth LLC bought a new stake in shares of Hanesbrands in the 3rd quarter valued at $41,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Hanesbrands in the 3rd quarter valued at $42,000. Finally, AXQ Capital LP acquired a new position in shares of Hanesbrands during the 3rd quarter valued at $43,000. 80.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HBI. Wedbush raised their price objective on shares of Hanesbrands from $4.50 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Citigroup lifted their price target on shares of Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, Hanesbrands has a consensus rating of “Hold” and a consensus price target of $5.00.

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.