Hanesbrands Inc. Can Burn Your Long Portfolio. Option Traders Are Bearish

 Hanesbrands Inc. Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Hanesbrands Inc. (HBI) recorded an unusually high (1,550) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious HBI decrease. With 1,550 contracts traded and 3144 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: HBI170421P00022000 closed last at: $1.25 or 19% up. About 1.41 million shares traded hands. Hanesbrands Inc. (NYSE:HBI) has declined 21.33% since April 28, 2016 and is downtrending. It has underperformed by 27.26% the S&P500.

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on February, 2. They expect $0.58 earnings per share, up 31.82% or $0.14 from last year’s $0.44 per share. HBI’s profit will be $216.85 million for 10.10 P/E if the $0.58 EPS becomes a reality. After $0.56 actual earnings per share reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts 3.57% 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. $42 is the highest target while $30 is the lowest. The $34.09 average target is 45.50% above today’s ($23.43) stock price. Hanesbrands has been the topic of 20 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Market Perform” rating by Cowen & Co on Wednesday, October 12. The rating was reinitiated by Wells Fargo with “Outperform” on Thursday, October 22. The firm earned “Neutral” rating on Monday, October 26 by DA Davidson. Oppenheimer initiated the stock with “Outperform” rating in Friday, October 16 report. The firm earned “Buy” rating on Thursday, August 4 by Citigroup. The rating was maintained by UBS with “Buy” on Friday, February 5. The rating was upgraded by Goldman Sachs on Friday, December 4 to “Conviction Buy”. Goldman Sachs upgraded it to “Buy” rating and $40 target price in Thursday, September 17 report. The rating was upgraded by Nomura to “Buy” on Monday, January 11.

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 decreased to 1 in Q2 2016. Its down 0.04, from 1.04 in 2016Q1. The ratio turned negative, 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.
Wright Service last reported 39,310 shares in the company. Moreover, Central National Bank Co has 0.75% invested in Hanesbrands Inc. (NYSE:HBI) for 104,054 shares. Numeric Investors Ltd Limited Liability Company holds 0.01% or 28,400 shares in its portfolio. Hsbc Public Limited Com accumulated 220,715 shares or 0.02% of the stock. Invesco Limited last reported 2.28M shares in the company. Commonwealth Equity Serv, a Massachusetts-based fund reported 22,693 shares. Deutsche Bankshares Ag, a Germany-based fund reported 2.39 million shares. California Public Employees Retirement Systems owns 860,100 shares or 0.03% of their US portfolio. Cambridge Invest Rech has 32,497 shares for 0.02% of their US portfolio. Moreover, Bancorpsouth has 0.13% invested in Hanesbrands Inc. (NYSE:HBI) for 45,246 shares. Moreover, Wellington Shields Mgmt Limited Liability Com has 0.5% invested in Hanesbrands Inc. (NYSE:HBI) for 116,540 shares. Associated Banc has invested 0.36% of its portfolio in Hanesbrands Inc. (NYSE:HBI). The Belgium-based Kbc Grp Incorporated Nv has invested 0.01% in Hanesbrands Inc. (NYSE:HBI). First Manhattan reported 30,552 shares or 0% of all its holdings. Cupps Limited Company has invested 0.13% of its portfolio in Hanesbrands Inc. (NYSE:HBI).

Insider Transactions: Since June 3, 2016, the stock had 1 insider buy, and 1 insider sale for $381,552 net activity. On Tuesday, August 9 the insider NOLL RICHARD A bought $514,742. Mathews Jessica Tuchman had sold 5,433 shares worth $133,190. $299,962 worth of Hanesbrands Inc. (NYSE:HBI) shares were sold by Marsh John T..

Hanesbrands Inc. is a manufacturer and marketer of apparels. The company has a market cap of $8.76 billion. The Firm operates through four divisions: Innerwear, Activewear, Direct to Consumer and International. It has a 18.1 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: “Ex-Dividend Reminder: Standard Motor Products, HanesBrands and Kroger” on November 08, 2016.

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