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

Hanesbrands Inc. (NYSE:HBI) saw some unusual options trading on Monday. Stock investors acquired 32,044 call options on the stock. This is an increase of approximately 1,186% compared to the average daily volume of 2,492 call options.

Wall Street Analysts Forecast Growth

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

Hanesbrands Trading Up 3.5 %

Hanesbrands stock traded up $0.30 during trading hours on Monday, reaching $8.84. The stock had a trading volume of 3,841,613 shares, compared to its average volume of 7,726,554. 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 stock has a market cap of $3.12 billion, a PE 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 company has a fifty day simple moving average of $7.37 and a 200-day simple moving average of $6.13.

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

Institutional Investors Weigh In On Hanesbrands

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in shares of Hanesbrands in the second quarter worth approximately $39,000. Blue Trust Inc. boosted its stake in shares of Hanesbrands by 42.3% during the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after acquiring an additional 1,594 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Hanesbrands during the 2nd quarter valued at $51,000. Whittier Trust Co. purchased a new stake in shares of Hanesbrands in the 3rd quarter worth $51,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Hanesbrands during the second quarter valued at $55,000. Institutional investors own 80.31% of the company’s stock.

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.