Short Interest in Hanesbrands Inc. (HBI) Grows By 8.2%

Hanesbrands Inc. (NYSE:HBI) was the target of a large growth in short interest in 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. Approximately 17.5% of the company’s stock are short sold. Based on an average trading volume of 7,103,047 shares, the short-interest ratio is currently 8.9 days.

Several equities research analysts have recently weighed in on HBI shares. Barclays started coverage on Hanesbrands in a research report on Tuesday, September 19th. They set an “overweight” rating and a $31.00 target price on the stock. Nomura lowered Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Thursday, September 21st. Instinet lowered Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Thursday, September 21st. FBR & Co reissued a “buy” rating and set a $33.00 target price on shares of Hanesbrands in a research report on Thursday, September 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price target on shares of Hanesbrands in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. Hanesbrands presently has an average rating of “Hold” and an average price target of $25.97.

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Hanesbrands by 0.8% in the 2nd quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock valued at $533,848,000 after purchasing an additional 174,498 shares during the last quarter. State Street Corp grew its stake in shares of Hanesbrands by 0.9% in the 2nd quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock valued at $359,281,000 after purchasing an additional 136,465 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Hanesbrands by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock valued at $147,284,000 after purchasing an additional 169,250 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Hanesbrands by 33.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,638,005 shares of the textile maker’s stock valued at $114,282,000 after purchasing an additional 1,159,722 shares during the last quarter. Finally, Check Capital Management Inc. CA grew its stake in shares of Hanesbrands by 100.0% in the 3rd quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock valued at $108,752,000 after purchasing an additional 2,207,066 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Hanesbrands (NYSE:HBI) opened at $20.91 on Tuesday. The company has a market capitalization of $7,623.46, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 1.20 and a beta of 0.70. Hanesbrands has a 12-month low of $18.90 and a 12-month high of $25.73. 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 (NYSE:HBI) last released its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $1.80 billion for 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%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 earnings per share. equities analysts expect that Hanesbrands will post 1.94 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were paid a $0.15 dividend. The ex-dividend date was Monday, November 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.87%. Hanesbrands’s dividend payout ratio (DPR) is currently 37.04%.

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About Hanesbrands

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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