The Hanesbrands Target of Unusually High Options Trading (NYSE:HBI)

Author

15 July, 2017

(NYSE:HBI) shares saw light trading volume with 2,014K shares changing hands by the end of trading on Friday. It has underperformed by 39.93% the S&P500.The move comes after 8 months negative chart setup for the $8.33 billion company. It was reported on Jul, 14 by Barchart.com. (NYSE:HBI) for 1.32 million shares.

Hubspot Incorporated (NYSE:HUBS) had an increase of 8.23% in short interest. Its up 8.23% from 3.16 million shares previously. Over the short term, some market observers may have noticed that It has a 13.53% short float with 15 days to cover.

About 134,766 shares traded.

It is down 19.35% since July 14, 2016 and is uptrending. It has outperformed by 2.65% the S&P500. Insiders own 1.10% of the company's stock. Marsh John T. had sold 11,100 shares worth $250,527. Shares for $1.28M were sold by Upchurch W Howard Jr on Wednesday, June 14. FBR & Co reissued a "buy" rating on shares of Hanesbrands in a report on Saturday, April 15th.

Ratings analysis reveals 75% of Hanesbrands's analysts are positive. Hanesbrands has $42 highest and $20 lowest target.

Several equities analysts have issued reports on the company. As per Wednesday, October 12, the company rating was downgraded by Cowen & Co. The firm has "Buy" rating by DA Davidson given on Monday, December 12. The stock has a consensus rating of "Buy" and a consensus price target of $27.79. The rating was initiated by Oppenheimer with "Outperform" on Friday, October 16. Stifel Nicolaus maintained it with "Hold" rating and $23 target in Friday, February 3 report. (NYSE:HBI) or 41,033 shares. (NYSE:HBI) earned "Buy" rating by UBS on Friday, February 5. The stock of Hanesbrands Inc. The firm has "Buy" rating given on Tuesday, August 11 by Zacks. On Monday, February 27 the stock rating was downgraded by Morgan Stanley to "Equal-Weight".

Investors sentiment increased to 1.21 in Q4 2016. Sold All: 53 Reduced: 167 Increased: 182 New Position: 84. The investment professionals in our partner's database now have: 327.85 million shares, down from 341.78 million shares in 2016Q3. Invesco Ltd holds 0% or 60,042 shares. Blackrock Grp Limited reported 21,620 shares or 0% of all its holdings. Brown Brothers Harriman owns 10,285 shares. Glenmede Trust Company Na has invested 0.01% of its portfolio in Hanesbrands Inc.

Several hedge funds and other institutional investors have recently modified their holdings of HBI. Commerzbank Aktiengesellschaft Fi owns 14,011 shares.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Tuesday, May 2nd. Woodstock Corp boosted its stake in shares of Hanesbrands by 1.5% in the second quarter. Spark Mngmt Ltd Liability Corp holds 0.04% or 290,500 shares in its portfolio. Moreover, Sun Life Fincl has 0% invested in Hanesbrands Inc.

Hanesbrands Inc., launched on September 30, 2005, is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and worldwide. It has a 16.41 P/E ratio. The Innerwear segment focuses on core apparel products, such as intimate apparel, men's underwear, women's panties, children's underwear, socks and hosiery. Next quarter's EPS is forecasted to be $0.60 with next year's EPS projected to be $2.14. HBI's profit will be $194.57M for 10.70 P/E if the $0.53 EPS becomes a reality. The textile maker reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Therefore 90% are positive. Rocket Fuel had 7 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by Goldman Sachs to "Buy" on Thursday, September 17. The stock of salesforce.com, inc. The rating was maintained by Goldman Sachs on Thursday, May 19 with "Buy". The company was upgraded on Monday, December 12 by CL King. As per Tuesday, May 23, the company rating was maintained by Jefferies.

Since January 17, 2017, it had 5 insider buys, and 199 insider sales for $202.45 million activity. The insider Robbins Cynthia G. sold $164,660. Visa Inc (NYSE:V) was reduced too. The stock was sold at an average price of $22.90, for a total value of $1,278,965.00. Carroll Financial Associates Inc. now owns 5,997 shares of the textile maker's stock valued at $124,000 after buying an additional 1,177 shares during the last quarter. Its down 0.13, from 0.9 in 2016Q3. For every buyer, there needs to be someone who sold them the shares they bought, just as there must be a buyer in order for a seller to get rid of his or her shares. 36 funds opened positions while 58 raised stakes. Hahn Cap Mgmt Ltd accumulated 744,598 shares. Nationwide Fund owns 92,747 shares or 0.02% of their USA portfolio. Tower Capital Lc (Trc) reported 0% of its portfolio in Rocket Fuel Inc (NASDAQ:FUEL). D E Shaw & Incorporated holds 26,107 shares. (NYSE:HBI). Teachers Retirement Systems Of The State Of Kentucky owns 45,600 shares or 0.01% of their U.S. portfolio. Bnp Paribas Arbitrage Sa, a New York-based fund reported 1,024 shares. Calvert Inv Mngmt Inc invested in 188,395 shares. Dupont Capital Mngmt holds 0.01% or 7,386 shares. Deutsche Bank maintained salesforce.com, inc. Ftb stated it has 285 shares or 0% of all its holdings. Howe & Rusling Inc downsized its investment by shedding 144 shares a decrease of 28.9% as of 06/30/2017.

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