Hanesbrands (HBI): Price Target and June Short Interest Disclosure

Hanesbrands (HBI) : The most positive equity analysts on Hanesbrands (HBI) expects the shares to touch $39, whereas, the least positive believes that the stock will trade at $29 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $35.13 with an expected fluctuation of $3.31 from the mean.

Hanesbrands (HBI) encountered a rise of 8.8% or 2,051,911 shares in the short positions. The number escalated from 23,328,606 on June 15,2016 to 25,380,517 on June 30,2016. The final interest is 6.8% of the floated stock. The days to cover figure of 6 can be arrived using the average daily exchange of 4,209,184 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, Brean Capital, maintains their rating on the shares of Hanesbrands (NYSE:HBI). Brean Capital has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $35 per share from a prior target of $33. The rating by the firm was issued on April 22, 2016.


Hanesbrands (NYSE:HBI): On Thursdays trading session , Opening price of the stock was $26.99 with an intraday high of $27.19. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $26.7. However, the stock managed to close at $26.7, a loss of 0.07% for the day. On the previous day, the stock had closed at $26.72. The total traded volume of the day was 3,099,741 shares.

Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Companys innerwear and activewear apparel brands include Hanes, Champion, Bali, Playtex, Maidenform, JMS/Just My Size, Leggs, Flexees, barely there, Wonderbra, Gear for Sports and Lilyette. Its international brands also include DIM, Nur Die/Nur Der, Zorba, Rinbros and Shock Absorber, among others. The Companys Innerwear segment focuses on apparel products, such as intimate apparel, mens underwear, childrens underwear and socks. In the activewear market, it sells products, such as T-shirts and fleece to both retailers and wholesalers. Its Direct to Consumer operations include its domestic Company-operated outlet stores, catalogs and Website operations that sell its branded products to consumers in the United States. The Companys international markets are Europe, Canada, Japan, Mexico, Brazil and Australia.

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