Investors Purchase High Volume of Hanesbrands Call Options (NYSE:HBI)

Hanesbrands Inc. (NYSE:HBI) was the target of some unusual options trading activity on Monday. Stock investors purchased 32,044 call options on the company. This represents an increase of approximately 1,186% compared to the typical volume of 2,492 call options.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HBI. Barclays upped their price target on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Stifel Nicolaus raised their price target on shares of Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, UBS Group boosted their price target on shares of Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Hanesbrands has an average rating of “Hold” and an average target price of $6.00.

Hanesbrands Stock Performance

Shares of HBI opened at $8.45 on Tuesday. The firm has a market capitalization of $2.98 billion, a P/E ratio of -13.39 and a beta of 1.58. Hanesbrands has a 52 week low of $3.58 and a 52 week high of $8.90. The stock has a 50 day moving average price of $7.37 and a two-hundred day moving average price of $6.13. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The firm had revenue of $937.10 million for the quarter, compared to analysts’ expectations of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. Equities analysts forecast that Hanesbrands will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hanesbrands

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Hanesbrands by 3.5% during the first quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock worth $233,542,000 after purchasing an additional 1,362,140 shares in the last quarter. Loews Corp grew its stake in Hanesbrands by 108.7% in the 2nd quarter. Loews Corp now owns 29,197,796 shares of the textile maker’s stock worth $143,945,000 after buying an additional 15,206,007 shares in the last quarter. Cooke & Bieler LP grew its stake in Hanesbrands by 2.1% in the 2nd quarter. Cooke & Bieler LP now owns 16,329,763 shares of the textile maker’s stock worth $80,506,000 after buying an additional 342,056 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Hanesbrands by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker’s stock worth $58,183,000 after buying an additional 89,367 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Hanesbrands by 18.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock valued at $32,836,000 after buying an additional 1,024,308 shares in the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

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.