Hanesbrands Inc. (HBI) Short Interest Update
Hanesbrands Inc. (NYSE:HBI) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 64,722,962 shares, an increase of 9.2% from the October 13th total of 59,283,520 shares. Based on an average daily trading volume, of 5,584,010 shares, the short-interest ratio is currently 11.6 days. Currently, 18.0% of the company’s stock are short sold.
Several analysts have recently commented on HBI shares. ValuEngine lowered Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Barclays PLC started coverage on Hanesbrands in a report on Tuesday, September 19th. They set an “overweight” rating and a $31.00 price objective for the company. Nomura lowered Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a report on Thursday, September 21st. Instinet lowered Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a report on Thursday, September 21st. Finally, FBR & Co reiterated a “buy” rating and set a $33.00 price objective on shares of Hanesbrands in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. Hanesbrands presently has a consensus rating of “Hold” and an average target price of $26.13.
Shares of Hanesbrands (HBI) opened at $19.23 on Tuesday. The firm has a market capitalization of $7,032.83, a PE ratio of 9.89, a price-to-earnings-growth ratio of 1.10 and a beta of 0.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.85 and a current ratio of 1.88. Hanesbrands has a 12-month low of $18.91 and a 12-month high of $26.05.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. equities analysts anticipate that Hanesbrands will post 1.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.12%. The ex-dividend date is Monday, November 13th. Hanesbrands’s dividend payout ratio is currently 37.04%.
In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $24.27, for a total transaction of $250,587.75. Following the completion of the sale, the insider now owns 99,997 shares in the company, valued at $2,426,927.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Freestone Capital Holdings LLC grew its position in Hanesbrands by 14.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 180,729 shares of the textile maker’s stock worth $4,186,000 after purchasing an additional 22,190 shares during the period. BB&T Corp grew its position in Hanesbrands by 3.2% during the 2nd quarter. BB&T Corp now owns 561,111 shares of the textile maker’s stock worth $12,995,000 after purchasing an additional 17,312 shares during the period. Tradition Capital Management LLC grew its position in Hanesbrands by 21.8% during the 2nd quarter. Tradition Capital Management LLC now owns 249,960 shares of the textile maker’s stock worth $5,789,000 after purchasing an additional 44,785 shares during the period. Hosking Partners LLP grew its position in Hanesbrands by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 630,125 shares of the textile maker’s stock worth $14,594,000 after purchasing an additional 10,212 shares during the period. Finally, Rothschild Investment Corp IL grew its position in shares of Hanesbrands by 63.4% during the 3rd quarter. Rothschild Investment Corp IL now owns 97,860 shares of the textile maker’s stock valued at $2,411,000 after acquiring an additional 37,986 shares during the period. 95.44% of the stock is currently owned by institutional investors.
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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