Large Outflow of Money Witnessed in Hanesbrands

Shares of Hanesbrands (NYSE:HBI) traded 0.03 points or 0.11% higher at $26.86.The total intraday money flow for the shares came in at a disappointing $(-4.59) million. The total upticks amounted to $9.29 million and the total downticks were approximately $13.88 million, with the up/down ratio of 0.67. On a different note, the shares have seen -1.86% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $4.03 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-4.03) million.


Currently the company Insiders own 1% of Hanesbrands shares according to the proxy statements. Institutional Investors own 89.62% of Hanesbrands shares. During last six month period, the net percent change held by insiders has seen a change of -16.53%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Marsh John T., officer (Group President, Activewear) of Hanesbrands Inc., had unloaded 10,986 shares at an average price of $27.3 in a transaction dated on June 3, 2016. The total value of the transaction was worth $299,918.

Hanesbrands (NYSE:HBI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.72 points or 2.68% at $26.14 with 5,976,907 shares getting traded. Post opening the session at $26.83, the shares hit an intraday low of $26.14 and an intraday high of $26.88 and the price was in this range throughout the day. The company has a market cap of $9,868 million and the number of outstanding shares have been calculated to be 377,517,430 shares. The 52-week high of Hanesbrands (NYSE:HBI) is $34.78 and the 52-week low is $23.25.

Many analysts have stated their opinion on the company shares. Brean Capital maintains its rating on Hanesbrands (NYSE:HBI). The global brokerage major raises the current price target from $33 per share to $35 per share. Analysts at the Brean Capital have a current rating of Buy on the shares. The rating by the firm was issued on April 22, 2016.

Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Companys innerwear and activewear apparel brands include Hanes, Champion, Bali, Playtex, Maidenform, JMS/Just My Size, Leggs, Flexees, barely there, Wonderbra, Gear for Sports and Lilyette. Its international brands also include DIM, Nur Die/Nur Der, Zorba, Rinbros and Shock Absorber, among others. The Companys Innerwear segment focuses on apparel products, such as intimate apparel, mens underwear, childrens underwear and socks. In the activewear market, it sells products, such as T-shirts and fleece to both retailers and wholesalers. Its Direct to Consumer operations include its domestic Company-operated outlet stores, catalogs and Website operations that sell its branded products to consumers in the United States. The Companys international markets are Europe, Canada, Japan, Mexico, Brazil and Australia.

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