Stock Traders Purchase High Volume of Call Options on Hanesbrands (HBI)
Hanesbrands Inc. (NYSE:HBI) was the target of unusually large options trading on Tuesday. Stock investors bought 31,618 call options on the company. This represents an increase of approximately 1,622% compared to the typical volume of 1,836 call options.
Several equities analysts have weighed in on HBI shares. Credit Suisse Group set a $28.00 price target on Hanesbrands and gave the company a “buy” rating in a report on Thursday, July 27th. Vetr cut Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price target for the company. in a report on Monday, August 7th. UBS Group AG restated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Hanesbrands in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. set a $32.00 price objective on Hanesbrands and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research raised Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. Hanesbrands presently has a consensus rating of “Hold” and a consensus price target of $26.13.
Hanesbrands (NYSE:HBI) opened at $19.82 on Friday. The company has a market capitalization of $7,113.04, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 1.12 and a beta of 0.73. Hanesbrands has a fifty-two week low of $18.90 and a fifty-two week high of $25.73. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $0.56 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. equities analysts predict that Hanesbrands will post 1.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.03%. Hanesbrands’s dividend payout ratio is presently 37.04%.
In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $24.27, for a total value of $250,587.75. Following the completion of the sale, the insider now owns 99,997 shares in the company, valued at $2,426,927.19. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. grew its stake in Hanesbrands by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 23,635 shares of the textile maker’s stock worth $547,000 after buying an additional 61 shares during the last quarter. CIBC Asset Management Inc grew its stake in Hanesbrands by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 36,700 shares of the textile maker’s stock worth $850,000 after buying an additional 106 shares during the last quarter. Sentry Investment Management LLC grew its stake in Hanesbrands by 0.4% during the 2nd quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock worth $576,000 after buying an additional 109 shares during the last quarter. ARGI Investment Services LLC grew its stake in Hanesbrands by 1.2% during the 2nd quarter. ARGI Investment Services LLC now owns 10,696 shares of the textile maker’s stock worth $248,000 after buying an additional 127 shares during the last quarter. Finally, QS Investors LLC grew its stake in Hanesbrands by 2.8% during the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
Receive News & Ratings for Hanesbrands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.