Hanesbrands Inc. (NYSE:HBI – Get Rating) was the target of some unusual options trading activity on Wednesday. Stock traders bought 19,832 call options on the company. This represents an increase of approximately 101% compared to the typical volume of 9,876 call options.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Citigroup lowered their target price on Hanesbrands from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Friday, February 3rd. Barclays raised their target price on shares of Hanesbrands from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, January 13th. TheStreet downgraded shares of Hanesbrands from a “c” rating to a “d+” rating in a research report on Thursday, February 2nd. Credit Suisse Group cut their price objective on shares of Hanesbrands from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 3rd. Finally, StockNews.com downgraded shares of Hanesbrands from a “hold” rating to a “sell” rating in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.00.
Hanesbrands Trading Up 0.2 %
NYSE:HBI opened at $5.49 on Thursday. Hanesbrands has a one year low of $5.26 and a one year high of $16.15. The company has a debt-to-equity ratio of 9.07, a current ratio of 1.75 and a quick ratio of 0.64. The firm has a 50-day moving average of $6.74 and a 200-day moving average of $7.18. The company has a market cap of $1.92 billion, a PE ratio of -15.25 and a beta of 1.60.
Institutional Trading of Hanesbrands
Several institutional investors and hedge funds have recently bought and sold shares of HBI. Gallagher Benefit Services Inc. bought a new position in shares of Hanesbrands in the 4th quarter worth $679,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Hanesbrands by 17.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 27,976 shares of the textile maker’s stock worth $178,000 after purchasing an additional 4,221 shares during the period. Compass Wealth Management LLC purchased a new stake in shares of Hanesbrands in the 4th quarter worth about $1,311,000. Alliancebernstein L.P. lifted its position in shares of Hanesbrands by 0.4% in the 4th quarter. Alliancebernstein L.P. now owns 477,420 shares of the textile maker’s stock worth $3,036,000 after purchasing an additional 2,048 shares during the period. Finally, Financial Advocates Investment Management lifted its position in shares of Hanesbrands by 33.3% in the 4th quarter. Financial Advocates Investment Management now owns 18,972 shares of the textile maker’s stock worth $121,000 after purchasing an additional 4,744 shares during the period. 81.87% of the stock is currently owned by hedge funds and other institutional investors.
Hanesbrands, Inc engages in the business of designing, manufacturing, sourcing, and selling basic apparel such as T-shirts, bras, panties, shape wear, underwear, socks, and activewear. It operates through the following segments: Innerwear, Activewear, and International. The Innerwear segment includes basic apparel including men’s underwear, women’s panties, children’s underwear, and socks, and intimate apparel such as bras, and shape wear.
- Get a free copy of the StockNews.com research report on Hanesbrands (HBI)
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