Some Traders See Unusual Bullish Options Activity in Hanesbrands Inc.

 Some Traders See Unusual Bullish Options Activity in Hanesbrands Inc.

In today’s session Hanesbrands Inc. (HBI) registered an unusually high (5,817) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious HBI increase. With 5,817 contracts traded and 4904 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: HBI161118C00026000 closed last at: $0.7 or 12.5% down. About 1.33M shares traded hands. Hanesbrands Inc. (NYSE:HBI) has declined 16.88% since March 14, 2016 and is downtrending. It has underperformed by 22.49% the S&P500.

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on October, 26. They expect $0.56 EPS, up 12.00% or $0.06 from last year’s $0.5 per share. HBI’s profit will be $208.74M for 10.91 P/E if the $0.56 EPS becomes a reality. After $0.51 actual EPS reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts 9.80% EPS growth.

Hanesbrands Inc. (NYSE:HBI) Ratings Coverage

Out of 12 analysts covering Hanesbrands (NYSE:HBI), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. Hanesbrands has been the topic of 20 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Oppenheimer initiated it with “Outperform” rating and $35 target price in Friday, October 16 report. UBS maintained Hanesbrands Inc. (NYSE:HBI) rating on Friday, February 5. UBS has “Buy” rating and $35 price target. The stock of Hanesbrands Inc. (NYSE:HBI) has “Buy” rating given on Thursday, August 4 by Citigroup. Goldman Sachs upgraded Hanesbrands Inc. (NYSE:HBI) rating on Friday, December 4. Goldman Sachs has “Conviction Buy” rating and $42 price target. As per Monday, October 26, the company rating was downgraded by DA Davidson. Wells Fargo reinitiated the shares of HBI in a report on Thursday, October 22 with “Outperform” rating. The stock of Hanesbrands Inc. (NYSE:HBI) has “Market Perform” rating given on Wednesday, October 12 by Cowen & Co. The stock of Hanesbrands Inc. (NYSE:HBI) has “Buy” rating given on Thursday, September 17 by Goldman Sachs. The stock of Hanesbrands Inc. (NYSE:HBI) has “Buy” rating given on Monday, January 11 by Nomura.

According to Zacks Investment Research, “Hanesbrands Inc. is a leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra. The company designs, manufactures, sources and sells T-shirts, bras, panties, men’s underwear, children’s underwear, socks, hosiery, casual wear and active wear. Hanesbrands Inc. is a world-class consumer goods company with more than a century of history and a portfolio of leading apparel essentials brands including Hanes, Champion, Playtex, Bali, L’eggs, Just My Size, Barely There and Wonderbra. Hanesbrands sells high-volume apparel essentials such as T-shirts, bras, panties, men’s underwear, kids’ underwear, socks, hosiery, casualwear and activewear.”

Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.07, from 0.97 in 2016Q1. The ratio improved, as 55 funds sold all Hanesbrands Inc. shares owned while 172 reduced positions. 59 funds bought stakes while 177 increased positions. They now own 331.36 million shares or 4.80% more from 316.18 million shares in 2016Q1.
Moreover, Deutsche Bank Ag has 0.04% invested in Hanesbrands Inc. (NYSE:HBI) for 2.39 million shares. Adams Diversified Equity Fund reported 608,000 shares or 1.03% of all its holdings. Henderson Grp Public Ltd Company has 50,460 shares for 0.01% of their US portfolio. Fmr Lc has 0.03% invested in the company for 8.57 million shares. Hl Svcs Ltd, a Kentucky-based fund reported 16,750 shares. Sumitomo Mitsui Trust Inc holds 0.05% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 1.26 million shares. Plante Moran Financial Ltd Liability has 0% invested in the company for 192 shares. Nomura Asset Mgmt Limited accumulated 0.02% or 44,050 shares. Sit Invest Assocs Inc has 562,860 shares for 0.37% of their US portfolio. Creative Planning holds 0% or 10,241 shares in its portfolio. Veritable Limited Partnership last reported 0.02% of its portfolio in the stock. Tradewinds Management Lc has invested 0.01% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Cadence National Bank & Trust Na last reported 0.14% of its portfolio in the stock. Panagora Asset Inc accumulated 0% or 26,198 shares. Atlantic Grp Ltd Llc last reported 0.05% of its portfolio in the stock.

Insider Transactions: Since May 2, 2016, the stock had 3 insider buys, and 1 sale for $322,575 net activity. Shares for $49,315 were bought by Mathews Jessica Tuchman on Friday, May 6. The insider NOLL RICHARD A bought 20,000 shares worth $514,742. Marsh John T. sold $299,962 worth of stock or 10,986 shares.

Hanesbrands Inc. is a manufacturer and marketer of apparels. The company has a market cap of $9.11 billion. The Firm operates through four divisions: Innerwear, Activewear, Direct to Consumer and International. It has a 19.63 P/E ratio. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.

HBI Company Profile

Hanesbrands Inc., incorporated on October 30, 2005, is a maker and marketer of apparels. The Firm operates through four divisions: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports. The Company’s Hanes brand offers various products, including men’s, women’s and children’s underwear, bras, socks, T-shirts, fleece, shape wear and sheer hosiery. The Company’s Champion brand offers athletic apparel, including sports bras, team uniforms, and gym essentials, such as T-shirts, mesh shorts and fleece hoodies.

Another recent and important Hanesbrands Inc. (NYSE:HBI) news was published by Forbes.com which published an article titled: “HanesBrands Becomes Oversold” on October 13, 2016.

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