Hanesbrands Inc. (NYSE:HBI) Short Interest Update

Hanesbrands Inc. (NYSE:HBI - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 35,400,000 shares, a growth of 18.7% from the April 30th total of 29,830,000 shares. Based on an average daily volume of 7,430,000 shares, the days-to-cover ratio is currently 4.8 days. Currently, 10.2% of the company's shares are sold short.

Hanesbrands Stock Up 2.0%

Shares of HBI traded up $0.10 during trading hours on Friday, hitting $4.95. 3,129,668 shares of the company were exchanged, compared to its average volume of 7,106,620. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37. The company has a market cap of $1.75 billion, a PE ratio of -5.37 and a beta of 1.50. The firm's 50 day moving average is $4.86 and its 200-day moving average is $6.60. Hanesbrands has a 52 week low of $4.02 and a 52 week high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its earnings results on Thursday, May 8th. The textile maker reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The business had revenue of $760.15 million for the quarter, compared to analyst estimates of $757.42 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Hanesbrands's revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Hanesbrands will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays set a $6.00 price target on shares of Hanesbrands and gave the company an "equal weight" rating in a report on Tuesday, May 20th. UBS Group boosted their target price on shares of Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their target price on Hanesbrands from $3.00 to $4.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. Wall Street Zen raised Hanesbrands from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus decreased their price objective on Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $5.60.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HBI. GeoWealth Management LLC raised its stake in shares of Hanesbrands by 2,278.8% in the fourth quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock valued at $28,000 after purchasing an additional 3,327 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Hanesbrands by 122.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock valued at $40,000 after buying an additional 2,712 shares in the last quarter. Transce3nd LLC bought a new stake in Hanesbrands in the fourth quarter valued at $45,000. CX Institutional acquired a new position in Hanesbrands during the first quarter worth $34,000. Finally, Strs Ohio acquired a new stake in shares of Hanesbrands during the 1st quarter worth about $38,000. Institutional investors and hedge funds own 80.31% of the company's stock.

About Hanesbrands

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.