Hanesbrands Inc. (NYSE:HBI) Short Interest Update

Hanesbrands Inc. (NYSE:HBI) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 31,090,000 shares, a decrease of 18.9% from the January 31st total of 38,330,000 shares. Based on an average trading volume of 6,300,000 shares, the short-interest ratio is presently 4.9 days. Currently, 8.9% of the shares of the stock are sold short.

Insider Activity

In other news, Director Robert F. Moran acquired 74,850 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the acquisition, the director now directly owns 216,373 shares in the company, valued at $1,300,401.73. This represents a 52.89 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.46% of the company’s stock.

Institutional Trading of Hanesbrands

Several hedge funds and other institutional investors have recently modified their holdings of HBI. Neo Ivy Capital Management purchased a new stake in Hanesbrands in the 4th quarter worth about $277,000. Castleark Management LLC acquired a new position in shares of Hanesbrands in the 4th quarter valued at about $5,702,000. PharVision Advisers LLC purchased a new stake in shares of Hanesbrands in the fourth quarter worth approximately $453,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hanesbrands by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 969,457 shares of the textile maker’s stock worth $7,891,000 after purchasing an additional 141,618 shares during the period. Finally, Seven Six Capital Management LLC purchased a new position in Hanesbrands during the fourth quarter valued at approximately $830,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Trading Down 1.6 %

Shares of NYSE:HBI traded down $0.10 during midday trading on Tuesday, reaching $5.88. The company had a trading volume of 4,000,526 shares, compared to its average volume of 6,667,599. The company has a fifty day simple moving average of $7.65 and a two-hundred day simple moving average of $7.49. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -6.39 and a beta of 1.63. Hanesbrands has a 1-year low of $4.40 and a 1-year high of $9.10.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The business had revenue of $888.47 million for the quarter, compared to the consensus estimate of $899.30 million. Research analysts predict that Hanesbrands will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

HBI has been the topic of several research reports. Barclays boosted their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Finally, Stifel Nicolaus restated a “hold” rating and set a $7.00 target price (down from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hanesbrands presently has an average rating of “Hold” and an average price target of $7.10.

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.