Hanesbrands Inc. (NYSE:HBI) Short Interest Down 43.0% in August

Key Points

• Hanesbrands Inc. experienced a 43% decline in short interest in August, decreasing from 37.82 million to 21.57 million shares.
• Analysts have set a consensus price target of $6.50, with reports of upgrades and new buy ratings from various firms in recent weeks.
• The company reported earnings per share of $0.24, exceeding expectations, and has provided guidance for Q3 2025 at $0.160 EPS.

Hanesbrands Inc. (NYSE:HBI - Get Free Report) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 21,570,000 shares, adropof43.0% from the July 31st total of 37,820,000 shares. Based on an average daily volume of 7,730,000 shares, the short-interest ratio is currently 2.8 days. Currently,6.2% of the shares of the stock are short sold. Currently,6.2% of the shares of the stock are short sold. Based on an average daily volume of 7,730,000 shares, the short-interest ratio is currently 2.8 days.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays set a $6.00 price objective on Hanesbrands and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. Wall Street Zen upgraded Hanesbrands from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. UBS Group lifted their price objective on Hanesbrands from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company raised Hanesbrands from a "strong sell" rating to an "equal weight" rating and lifted their price objective for the stock from $5.00 to $6.00 in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $6.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its position in shares of Hanesbrands by 8.9% during the second quarter. Osaic Holdings Inc. now owns 512,769 shares of the textile maker's stock valued at $2,353,000 after purchasing an additional 42,060 shares in the last quarter. Marex Group plc bought a new position in shares of Hanesbrands during the 2nd quarter valued at approximately $524,000. Public Sector Pension Investment Board grew its position in shares of Hanesbrands by 6.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 1,358,445 shares of the textile maker's stock valued at $6,222,000 after acquiring an additional 87,361 shares during the period. FORA Capital LLC bought a new position in shares of Hanesbrands during the 2nd quarter valued at approximately $82,000. Finally, Headlands Technologies LLC bought a new position in shares of Hanesbrands during the 2nd quarter valued at approximately $93,000. 80.31% of the stock is owned by institutional investors.

Hanesbrands Stock Up 0.7%

Shares of HBI stock traded up $0.05 on Friday, reaching $6.41. 9,638,664 shares of the company were exchanged, compared to its average volume of 14,101,939. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 26.69 and a beta of 1.42. The company has a 50-day moving average of $5.20 and a 200-day moving average of $5.18. The company has a debt-to-equity ratio of 13.62, a current ratio of 1.52 and a quick ratio of 0.74. Hanesbrands has a one year low of $3.96 and a one year high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.06. The company had revenue of $991.33 million for the quarter, compared to analysts' expectations of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The business's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. Analysts anticipate that Hanesbrands will post 0.53 earnings per share for the current year.

Hanesbrands Company Profile

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.

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