Hanesbrands Inc. (NYSE:HBI) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 62,970,177 shares, a growth of 8.2% from the November 30th total of 58,202,377 shares. Currently, 17.5% of the shares of the company are sold short. Based on an average daily volume of 7,103,047 shares, the days-to-cover ratio is currently 8.9 days.
Hanesbrands (NYSE:HBI) opened at $21.26 on Friday. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.88 and a quick ratio of 0.85. The company has a market capitalization of $7,750.00, a price-to-earnings ratio of 13.12, a P/E/G ratio of 1.14 and a beta of 0.72. Hanesbrands has a 12 month low of $18.90 and a 12 month high of $25.73.
Hanesbrands (NYSE:HBI) last issued its earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. Hanesbrands’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. research analysts predict that Hanesbrands will post 1.94 EPS for the current fiscal year.
A number of equities research analysts have issued reports on HBI shares. Nomura decreased their target price on Hanesbrands from $24.00 to $21.00 and set a “neutral” rating for the company 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 target price for the company. in a research report on Wednesday, October 25th. Finally, Citigroup reaffirmed a “neutral” rating and set a $23.00 target price on shares of Hanesbrands in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.97.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Engine Capital Management LLC acquired a new position in Hanesbrands during the third quarter worth $106,000. QS Investors LLC raised its stake in Hanesbrands by 2.8% during the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after acquiring an additional 140 shares in the last quarter. Tiedemann Wealth Management LLC raised its stake in Hanesbrands by 12.4% during the third quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,787 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in Hanesbrands during the third quarter worth $138,000. Finally, Archford Capital Strategies LLC raised its stake in Hanesbrands by 283.4% during the second quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock worth $141,000 after acquiring an additional 1,247 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.
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Hanesbrands Company Profile
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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