In today’s session Hanesbrands Inc. (HBI) registered an unusually high (610) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious HBI increase. With 610 contracts traded and 804 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: HBI170421C00026000 closed last at: $1.5 or 20% up. About 736,197 shares traded hands. Hanesbrands Inc. (NYSE:HBI) has declined 8.23% since April 12, 2016 and is downtrending. It has underperformed by 13.21% the S&P500.
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. $42 is the highest target while $30 is the lowest. The $34.09 average target is 35.01% above today’s ($25.25) stock price. Hanesbrands has been the topic of 20 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by UBS on Friday, February 5. The firm has “Buy” rating given on Thursday, August 4 by Citigroup. The stock has “Outperform” rating given by Oppenheimer on Friday, October 16. The stock has “Conviction Buy” rating given by Goldman Sachs on Friday, December 4. The firm has “Buy” rating given on Monday, January 11 by Nomura. Cowen & Co downgraded Hanesbrands Inc. (NYSE:HBI) on Wednesday, October 12 to “Market Perform” rating. The firm has “Outperform” rating given on Thursday, October 22 by Wells Fargo. Goldman Sachs upgraded Hanesbrands Inc. (NYSE:HBI) rating on Thursday, September 17. Goldman Sachs has “Buy” rating and $40 price target. DA Davidson downgraded the stock to “Neutral” rating in Monday, October 26 report.
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 increased, 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.
Bowen Hanes And Co has invested 0.62% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Moreover, Albion Ut has 0.05% invested in Hanesbrands Inc. (NYSE:HBI) for 10,371 shares. Orrstown has 0% invested in the company for 40 shares. Ubs Asset Americas accumulated 917,271 shares or 0.03% of the stock. Channing Mgmt Ltd Llc owns 819,062 shares or 0.86% of their US portfolio. Bancorpsouth last reported 0.13% of its portfolio in the stock. Assetmark last reported 1,923 shares in the company. Capstone Asset Mgmt last reported 34,470 shares in the company. Raymond James Financial Svcs Advsrs owns 47,807 shares or 0.01% of their US portfolio. Magnetar Ltd Liability Com holds 0.02% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 38,477 shares. Menta Capital Limited Liability Corporation holds 0.17% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 50,299 shares. Nikko Asset Management Americas Inc accumulated 8,700 shares or 0.02% of the stock. Fund Sa reported 622,908 shares or 0.15% of all its holdings. Anderson Hoagland And, a Missouri-based fund reported 16,145 shares. Ladenburg Thalmann has invested 0.01% of its portfolio in Hanesbrands Inc. (NYSE:HBI).
Insider Transactions: Since June 3, 2016, the stock had 1 buy, and 1 insider sale for $214,780 net activity. Marsh John T. sold $299,962 worth of stock. $514,742 worth of Hanesbrands Inc. (NYSE:HBI) was bought by NOLL RICHARD A.
Hanesbrands Inc. is a manufacturer and marketer of apparels. The company has a market cap of $9.67 billion. The Firm operates through four divisions: Innerwear, Activewear, Direct to Consumer and International. It has a 19.51 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.
More news for Hanesbrands Inc. (NYSE:HBI) were recently published by: Fool.com, which released: “Why Hanesbrands Inc. Stock Stretched Higher Today” on October 28, 2016. Nasdaq.com‘s article titled: “Hanesbrands Inc. (HBI) Ex-Dividend Date Scheduled for November 10, 2016” and published on November 09, 2016 is yet another important article.
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