Hanesbrands Inc. (NYSE:HBI) Short Interest Down 18.9% in February

Hanesbrands Inc. (NYSE:HBI - Get Free Report) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 31,090,000 shares, a decrease of 18.9% from the January 31st total of 38,330,000 shares. Based on an average trading volume of 6,300,000 shares, the short-interest ratio is currently 4.9 days. Currently, 8.9% of the shares of the company are sold short.

Insider Activity at Hanesbrands

In other news, Director Robert F. Moran bought 74,850 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of $6.01 per share, with a total value of $449,848.50. Following the transaction, the director now directly owns 216,373 shares in the company, valued at approximately $1,300,401.73. The trade was a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Hanesbrands

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Hanesbrands by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 40,034,878 shares of the textile maker's stock worth $325,884,000 after acquiring an additional 421,915 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Hanesbrands by 28.2% in the 4th quarter. Ameriprise Financial Inc. now owns 9,951,948 shares of the textile maker's stock valued at $81,009,000 after buying an additional 2,189,844 shares in the last quarter. Geode Capital Management LLC lifted its stake in Hanesbrands by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker's stock valued at $58,183,000 after buying an additional 89,367 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in Hanesbrands in the 4th quarter valued at about $62,199,000. Finally, Dimensional Fund Advisors LP lifted its stake in Hanesbrands by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,909,654 shares of the textile maker's stock valued at $56,245,000 after buying an additional 171,918 shares in the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have commented on HBI. UBS Group raised shares of Hanesbrands from a "neutral" rating to a "buy" rating and upped their price target for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays upped their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Finally, Stifel Nicolaus reaffirmed a "hold" rating and issued a $7.00 price target (down from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $7.10.

Hanesbrands Price Performance

Shares of HBI stock traded up $0.08 during mid-day trading on Friday, hitting $5.92. 7,258,825 shares of the stock were exchanged, compared to its average volume of 6,813,064. The firm has a fifty day moving average of $7.46 and a 200 day moving average of $7.46. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. Hanesbrands has a 52-week low of $4.40 and a 52-week high of $9.10. The company has a market cap of $2.09 billion, a PE ratio of -6.43 and a beta of 1.75.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The business had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. Research analysts anticipate that Hanesbrands will post 0.53 earnings per share for the current year.

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.