Hanesbrands Inc. (NYSE:HBI) Short Interest Update

Hanesbrands Inc. (NYSE:HBI) was the recipient of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totaling 21,570,000 shares, adecreaseof43.0% from the July 31st total of 37,820,000 shares. Approximately6.2% of the shares of the stock are short sold. Based on an average trading volume of 7,730,000 shares, the short-interest ratio is presently 2.8 days. Based on an average trading volume of 7,730,000 shares, the short-interest ratio is presently 2.8 days. Approximately6.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Hanesbrands Stock Up 0.7%

Shares of NYSE:HBI opened at $6.41 on Monday. Hanesbrands has a 52-week low of $3.96 and a 52-week high of $9.10. The stock has a market cap of $2.27 billion, a P/E ratio of 26.69 and a beta of 1.42. The business’s 50 day moving average is $5.20 and its 200 day moving average is $5.17. The company has a quick ratio of 0.74, a current ratio of 1.52 and a debt-to-equity ratio of 13.62.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 226.31% and a net margin of 2.49%.Hanesbrands’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. Sell-side analysts predict that Hanesbrands will post 0.53 EPS for the current year.

Institutional Trading of Hanesbrands

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc boosted its position in Hanesbrands by 13.5% during the 2nd quarter. IFP Advisors Inc now owns 18,518 shares of the textile maker’s stock valued at $85,000 after acquiring an additional 2,208 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Hanesbrands by 9.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 26,288 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 2,255 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Hanesbrands by 37.8% during the 1st quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 2,267 shares during the last quarter. Petros Family Wealth LLC lifted its holdings in shares of Hanesbrands by 15.5% during the 2nd quarter. Petros Family Wealth LLC now owns 17,817 shares of the textile maker’s stock valued at $82,000 after purchasing an additional 2,390 shares during the last quarter. Finally, Balanced Rock Investment Advisors LLC lifted its holdings in shares of Hanesbrands by 6.0% during the 1st quarter. Balanced Rock Investment Advisors LLC now owns 50,270 shares of the textile maker’s stock valued at $290,000 after purchasing an additional 2,826 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.

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.