Hanesbrands (NYSE:HBI) has tumbled 2.35% during the past week and has dropped 4.69% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.17%. Hanesbrands (NYSE:HBI) has underperformed the index by 5.56% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Hanesbrands (NYSE:HBI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.01 and $25.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.23, notching a gain of 0.73% for the day. The total traded volume was 5,079,798 . The stock had closed at $26.04 on the previous day.
The company shares have dropped -23.12% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $34.78 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $27.24 and the 200 Day Moving Average price is recorded at $28.32.
On the companys insider trading activities, Marsh John T., officer (Group President, Activewear) of Hanesbrands Inc., unloaded 10,986 shares at an average price of $27.3 on June 3, 2016. The total amount of the transaction was worth $299,918, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Brokerage firm Brean Capital maintains its rating on Hanesbrands (NYSE:HBI). As per the latest information, the brokerage house raises the price target to $35 per share from a prior target of $33. The shares have been rated Buy. The rating by the firm was issued on April 22, 2016. 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%.
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.