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) 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%.
TRADEMARK VIOLATION NOTICE: “Short Interest in Hanesbrands Inc. (HBI) Grows By 8.2%” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/02/short-interest-in-hanesbrands-inc-hbi-grows-by-8-2.html.
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.
Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.