Investors Buy Large Volume of Call Options on Hanesbrands (NYSE:HBI)

Hanesbrands Inc. (NYSE:HBI) was the recipient of unusually large options trading activity on Monday. Stock investors bought 32,044 call options on the stock. This is an increase of 1,186% compared to the average volume of 2,492 call options.

Institutional Investors Weigh In On Hanesbrands

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted 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 acquiring an additional 1,362,140 shares during the period. Loews Corp grew its position in shares of Hanesbrands by 108.7% during the 2nd quarter. Loews Corp now owns 29,197,796 shares of the textile maker’s stock worth $143,945,000 after purchasing an additional 15,206,007 shares in the last quarter. Cooke & Bieler LP grew its position in Hanesbrands by 2.1% during the second 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 stake in Hanesbrands by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker’s stock worth $58,183,000 after acquiring an additional 89,367 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Hanesbrands by 18.2% in 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 acquiring an additional 1,024,308 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a report on Monday, August 12th. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and increased their price target for the company from $9.00 to $11.00 in a research report on Tuesday. Finally, Barclays boosted their price target on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.90.

Hanesbrands Stock Up 4.6 %

Hanesbrands stock opened at $8.84 on Wednesday. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. The company’s 50-day moving average is $7.41 and its 200-day moving average is $6.16. The firm has a market capitalization of $3.11 billion, a PE ratio of -13.67 and a beta of 1.58. Hanesbrands has a fifty-two week low of $3.58 and a fifty-two week high of $9.10.

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