Short Interest in HanesBrands Inc. (HBI) Increases By 10.9%
HanesBrands Inc. (NYSE:HBI) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 41,518,879 shares, a growth of 10.9% from the October 31st total of 37,443,447 shares. Approximately 11.1% of the shares of the stock are sold short. Based on an average daily volume of 4,582,686 shares, the short-interest ratio is currently 9.1 days.
In related news, Director Jessica Tuchman Mathews sold 5,433 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $24.52, for a total value of $133,217.16. Following the completion of the transaction, the director now directly owns 127,839 shares of the company’s stock, valued at approximately $3,134,612.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Analysts LLC boosted its position in HanesBrands by 274.6% in the second quarter. Capital Analysts LLC now owns 78,068 shares of the company’s stock valued at $9,072,000 after buying an additional 57,226 shares in the last quarter. Corbyn Investment Management Inc. MD boosted its position in HanesBrands by 29.5% in the second quarter. Corbyn Investment Management Inc. MD now owns 362,645 shares of the company’s stock valued at $9,113,000 after buying an additional 82,645 shares in the last quarter. Gofen & Glossberg LLC IL boosted its position in HanesBrands by 6.1% in the second quarter. Gofen & Glossberg LLC IL now owns 60,655 shares of the company’s stock valued at $1,524,000 after buying an additional 3,500 shares in the last quarter. Capstone Asset Management Co. boosted its position in HanesBrands by 2.2% in the second quarter. Capstone Asset Management Co. now owns 34,470 shares of the company’s stock valued at $866,000 after buying an additional 750 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in HanesBrands by 2,185.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,472,028 shares of the company’s stock valued at $36,993,000 after buying an additional 1,407,628 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.
Several equities analysts recently weighed in on HBI shares. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $37.00 price objective on shares of HanesBrands in a research note on Wednesday, August 3rd. Zacks Investment Research cut HanesBrands from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. FBR & Co set a $39.00 target price on HanesBrands and gave the company a “buy” rating in a report on Sunday, October 30th. Oppenheimer Holdings Inc. set a $35.00 target price on HanesBrands and gave the company a “buy” rating in a report on Thursday, October 27th. Finally, Cowen and Company cut HanesBrands from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $33.00 to $27.00 in a report on Wednesday, October 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $33.69.
HanesBrands (NYSE:HBI) opened at 23.23 on Thursday. HanesBrands has a one year low of $23.20 and a one year high of $31.59. The firm has a market cap of $8.78 billion, a PE ratio of 17.97 and a beta of 1.05. The company has a 50-day moving average price of $24.59 and a 200-day moving average price of $25.94.
HanesBrands (NYSE:HBI) last announced its earnings results on Thursday, October 27th. The company reported $0.56 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. HanesBrands had a return on equity of 61.39% and a net margin of 8.55%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company earned $0.50 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities analysts predict that HanesBrands will post $1.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Tuesday, November 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.44 annualized dividend and a dividend yield of 1.89%. HanesBrands’s dividend payout ratio is currently 33.85%.
HanesBrands Company Profile
Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.
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