Stock Traders Buy High Volume of Call Options on Hanesbrands (NYSE:HBI)

Hanesbrands Inc. (NYSE:HBI - Get Free Report) saw unusually large options trading on Thursday. Traders acquired 4,055 call options on the company. This is an increase of approximately 96% compared to the typical volume of 2,070 call options.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Hanesbrands by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker's stock valued at $233,542,000 after acquiring an additional 1,362,140 shares during the last quarter. Loews Corp raised its position in Hanesbrands by 108.7% in the second quarter. Loews Corp now owns 29,197,796 shares of the textile maker's stock valued at $143,945,000 after purchasing an additional 15,206,007 shares during the last quarter. Cooke & Bieler LP boosted its stake in shares of Hanesbrands by 2.1% during the second quarter. Cooke & Bieler LP now owns 16,329,763 shares of the textile maker's stock valued at $80,506,000 after purchasing an additional 342,056 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hanesbrands by 18.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker's stock valued at $32,836,000 after buying an additional 1,024,308 shares during the period. Finally, Brandes Investment Partners LP increased its stake in shares of Hanesbrands by 3.9% in the second quarter. Brandes Investment Partners LP now owns 4,834,202 shares of the textile maker's stock valued at $23,761,000 after buying an additional 183,069 shares during the period. Institutional investors and hedge funds own 80.31% of the company's stock.

Analyst Ratings Changes

HBI has been the topic of a number of analyst reports. Stifel Nicolaus increased their target price on shares of Hanesbrands from $4.50 to $6.00 and gave the stock a "hold" rating in a research report on Monday, August 12th. Barclays increased their price target on Hanesbrands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Monday, August 12th. Finally, UBS Group lifted their price objective on Hanesbrands from $5.00 to $6.50 and gave the company a "neutral" rating in a report on Tuesday, August 27th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $5.80.

Hanesbrands Price Performance

Shares of NYSE HBI traded up $1.28 during trading hours on Thursday, hitting $8.38. 20,573,261 shares of the stock were exchanged, compared to its average volume of 7,819,643. The company's fifty day simple moving average is $6.94 and its two-hundred day simple moving average is $5.82. The company has a market cap of $2.95 billion, a PE ratio of -9.64 and a beta of 1.58. The company has a debt-to-equity ratio of 50.06, a quick ratio of 0.86 and a current ratio of 1.46. Hanesbrands has a 1-year low of $3.58 and a 1-year high of $8.70.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. The company had revenue of $995.40 million for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the company posted ($0.01) EPS. The company's revenue for the quarter was down 3.8% compared to the same quarter last year. On average, sell-side analysts predict that Hanesbrands will post 0.34 EPS for the current year.

Hanesbrands Company Profile

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.