The stock of Hanesbrands Inc. (NYSE:HBI) is a huge mover today! About 4.80 million shares traded hands or 0.63% up from the average. Hanesbrands Inc. (NYSE:HBI) has declined 9.53% since April 18, 2016 and is downtrending. It has underperformed by 13.96% the S&P500.
The move comes after 5 months negative chart setup for the $9.29 billion company. It was reported on Nov, 18 by Barchart.com. We have $22.96 PT which if reached, will make NYSE:HBI worth $557.40M less.
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. The firm has “Neutral” rating by DA Davidson given on Monday, October 26. Nomura upgraded Hanesbrands Inc. (NYSE:HBI) on Monday, January 11 to “Buy” rating. The stock of Hanesbrands Inc. (NYSE:HBI) has “Buy” rating given on Thursday, August 4 by Citigroup. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Outperform” rating by Oppenheimer on Friday, October 16. The stock of Hanesbrands Inc. (NYSE:HBI) has “Conviction Buy” rating given on Friday, December 4 by Goldman Sachs. The stock has “Buy” rating given by UBS on Friday, February 5. Wells Fargo reinitiated Hanesbrands Inc. (NYSE:HBI) on Thursday, October 22 with “Outperform” rating. Goldman Sachs upgraded the shares of HBI in a report on Thursday, September 17 to “Buy” rating. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, October 12.
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 decreased to 1 in Q2 2016. Its down 0.04, from 1.04 in 2016Q1. The ratio dived, 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.
Hl Services Lc accumulated 0.01% or 16,750 shares. Assetmark holds 0% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 1,923 shares. Glenmede Tru Company Na has 0.01% invested in the company for 37,753 shares. Orrstown Fincl Services Incorporated has 40 shares for 0% of their US portfolio. First Interstate National Bank & Trust holds 0% or 200 shares in its portfolio. Century Mngmt Ltd Company holds 0.51% or 183,461 shares in its portfolio. Welch & Forbes Ltd has invested 0.02% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Cadence State Bank Na has 11,400 shares for 0.14% of their US portfolio. Canada Pension Plan Board holds 23,800 shares or 0% of its portfolio. State Treasurer State Of Michigan holds 0.03% or 131,124 shares in its portfolio. Tiaa Cref Invest Mgmt Ltd Liability Company holds 0.05% or 2.82M shares in its portfolio. Twin Tree Management Limited Partnership last reported 671 shares in the company. Invesco Limited holds 0.02% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 2.28 million shares. Putnam Invs Limited Co holds 0.03% or 472,703 shares in its portfolio. Prudential Financial owns 557,840 shares or 0.02% of their US portfolio.
Insider Transactions: Since June 3, 2016, the stock had 1 buying transaction, and 1 sale for $214,780 net activity. Shares for $299,962 were sold by Marsh John T. on Friday, June 3. Another trade for 20,000 shares valued at $514,742 was bought by NOLL RICHARD A.
More news for Hanesbrands Inc. (NYSE:HBI) were recently published by: Fool.com, which released: “Why Hanesbrands Inc. Stock Stretched Higher Today” on October 28, 2016. Nasdaq.com‘s article titled: “Hanesbrands Inc. (HBI) Ex-Dividend Date Scheduled for November 10, 2016” and published on November 09, 2016 is yet another important article.
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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