The stock of Hanesbrands Inc. (NYSE:HBI) is a huge mover today! About 1.11M shares traded hands. Hanesbrands Inc. (NYSE:HBI) has declined 9.62% since April 11, 2016 and is downtrending. It has underperformed by 15.76% the S&P500.
The move comes after 8 months positive chart setup for the $9.35 billion company. It was reported on Nov, 11 by Barchart.com. We have $35.58 PT which if reached, will make NYSE:HBI worth $4.11B more.
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. Hanesbrands has been the topic of 20 analyst reports since September 17, 2015 according to StockzIntelligence Inc. As per Thursday, September 17, the company rating was upgraded by Goldman Sachs. Oppenheimer initiated the stock with “Outperform” rating in Friday, October 16 report. The company was maintained on Friday, February 5 by UBS. Goldman Sachs upgraded the shares of HBI in a report on Friday, December 4 to “Conviction Buy” rating. The company was upgraded on Monday, January 11 by Nomura. The stock has “Neutral” rating given by DA Davidson on Monday, October 26. Citigroup maintained the stock with “Buy” rating in Thursday, August 4 report. Wells Fargo reinitiated Hanesbrands Inc. (NYSE:HBI) on Thursday, October 22 with “Outperform” rating. The firm earned “Market Perform” rating on Wednesday, October 12 by Cowen & Co.
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 increased to 1.04 in 2016 Q2. Its up 0.07, from 0.97 in 2016Q1. The ratio is positive, 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.
The Iowa-based Cambridge Inv Advisors has invested 0.02% in Hanesbrands Inc. (NYSE:HBI). Victory Capital Incorporated has 32,848 shares for 0% of their US portfolio. Tcw Gru reported 30,375 shares or 0.01% of all its holdings. Thrivent For Lutherans accumulated 0% or 11,600 shares. Intrust Bank Na holds 36,807 shares or 0.37% of its portfolio. Whittier Com has 2,723 shares for 0% of their US portfolio. Aberdeen Asset Management Public Limited Com Uk holds 0.01% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 70,315 shares. Cadence Fincl Bank Na has 11,400 shares for 0.14% of their US portfolio. Sector Pension Investment Board accumulated 0.02% or 71,608 shares. Tributary Management Ltd Llc last reported 24,700 shares in the company. Old Dominion Capital holds 1.28% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 42,782 shares. Gamco Invsts Et Al holds 0.03% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 202,200 shares. The Missouri-based Stifel Fincl Corporation has invested 0.03% in Hanesbrands Inc. (NYSE:HBI). Affinity Wealth Mngmt last reported 9,418 shares in the company. Eagle Global Advsr Limited Liability has invested 0.2% of its portfolio in Hanesbrands Inc. (NYSE:HBI).
Insider Transactions: Since June 3, 2016, the stock had 1 buying transaction, and 1 insider sale for $214,780 net activity. On Tuesday, August 9 the insider NOLL RICHARD A bought $514,742. Marsh John T. sold $299,962 worth of stock or 10,986 shares.
More notable recent Hanesbrands Inc. (NYSE:HBI) news were published by: Fool.com which released: “Why Hanesbrands Inc. Stock Stretched Higher Today” on October 28, 2016, also Nasdaq.com with their article: “Hanesbrands Inc. (HBI) Ex-Dividend Date Scheduled for November 10, 2016” published on November 09, 2016, Forbes.com published: “HanesBrands Becomes Oversold” on October 13, 2016. More interesting news about Hanesbrands Inc. (NYSE:HBI) were released by: Nasdaq.com and their article: “Earnings Reaction History: Hanesbrands Inc., 66.7% Follow-Through Indicator, 6 …” published on October 27, 2016 as well as Nasdaq.com‘s news article titled: “Hanesbrands Inc. Profit Rises 6% In Q3” with publication date: October 27, 2016.
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.
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