Hanesbrands Inc. (HBI) Files Form 4 Insider Buying : Jessica Tuchman Mathews Buys 2,000 Shares

Hanesbrands Inc. (HBI): Jessica Tuchman Mathews , director of Hanesbrands Inc. purchased 2,000 shares on May 2, 2016. The Insider buying transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were purchased at $29.24 per share for a total value of $58,479.80 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 7, 2016, Richard A Noll (CEO) sold 141,460 shares at $29.58 per share price.On Dec 9, 2015, Richard D Moss (Chief Financial Officer) sold 45,000 shares at $30.52 per share price.Also, On Dec 8, 2015, John T. Marsh (Group President, Activewear) sold 16,060 shares at $31.12 per share price.On Dec 3, 2015, W Howard Jr Upchurch (Group President, IW Americas) sold 48,415 shares at $30.93 per share price.

Hanesbrands: On Monday, May 2, 2016 heightened volatility was witnessed in Hanesbrands which led to swings in the share price. The shares opened for trading at $29.09 and hit $29.385 on the upside , eventually ending the session at $29.31, with a gain of 0.96% or 0.28 points. The heightened volatility saw the trading volume jump to 29,79,659 shares. The 52-week high of the share price is $34.78 and the company has a market cap of $11,065 M . The 52-week low of the share price is at $23.25.

Hanesbrands Money Flow Index Chart

Company has been under the radar of several Street Analysts.Hanesbrands is Reiterated by UBS to Buy while Lowering the Price Target of the company shares to $ 35 from a previous price target of $42 . The Rating was issued on Feb 5, 2016.

Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear Activewear Direct to Consumer and International. The Company’s innerwear and activewear apparel brands include Hanes Champion Bali Playtex Maidenform JMS/Just My Size L’eggs 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 Company’s Innerwear segment focuses on apparel products such as intimate apparel men’s underwear children’s 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 Company’s international markets are Europe Canada Japan Mexico Brazil and Australia.

Leave a Reply

Hanesbrands - Is it time to Sell?

Top Brokerage Firms are advising their investors on Hanesbrands. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.