Hanesbrands Inc. (NYSE:HBI) is now up 44.34% compared to a 12-month low of $11.57. We have seen the price to move -5.22% lower and get settled at $16.7 on 6/24/2019. At recent session, it appeared stuck in a range of $16.63 to $17.59. This company shares are 15.03% off its target price of $19.21 and the current market capitalization stands at $6.01B. The recent change has given its price a -2.43% deficit over SMA 50 and -26.01% deficit over its 52-week high. The stock witnessed 5.1% gains, -1.12% declines and 38.13% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HBI’s volatility during a week at 3.06% and during a month it has been found around 3.05%.
What Does Hanesbrands Inc. (HBI) Do?
The company describes itself in regulatory filings as, “Hanesbrands, Inc. is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International. The Innerwear segment includes core apparel products, such as men’s underwear, women’s panties, children’s underwear, socks and intimate apparel, sold in the United States (US). The Activewear segment includes activewear products, such as T-shirts, fleece, performance apparel, sport shirts and thermals, sold in the US. The International segment includes innerwear, activewear, hosiery and home goods products, sold outside of the US. Its brands include Hanes, Champion, Bonds, Maidenform, DIM, Bali, Playtex, Bras N Things, Nur Die/Nur Der, Alternative, L’eggs, JMS/Just My Size, Lovable, Wonderbra, Berlei and Gear for Sports. The company was founded by J. Wesley Hanes in 1901 and is headquartered in Winston Salem, NC.” [Text can be found here: https://www.marketwatch.com/investing/stock/HBI/profile under company description.]Hanesbrands Inc. (HBI) Top Holders
Institutional investors currently hold around $5.89 billion or 95.1% in HBI stock. Look at its top three institutional owners: Vanguard Group Inc owns $700.71 million in Hanesbrands Inc., which represents roughly 11.66% of the company’s market cap and approximately 11.9% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 24,473,935 shares of the stock are valued at $431.23 million. The third largest holder is State Street Corp, which currently holds $345.43 million worth of this stock and that ownership represents nearly 5.75% of its market capitalization.
At the end of March reporting period, 271 institutional holders increased their position in Hanesbrands Inc. (NYSE:HBI) by some 43,364,954 shares, 303 decreased positions by 61,081,045 and 86 held positions by 229,746,758. That puts total institutional holdings at 334,192,757 shares, according to SEC filings. The stock grabbed 74 new institutional investments totaling 22,305,472 shares while 72 institutional investors sold out their entire positions totaling 5,882,932 shares.Hanesbrands Inc. (NYSE:HBI) Insider Trades
Multiple company employees have indulged in significant insider trading. Hanesbrands Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO Hytinen Barry has acquired 10,000 shares of Hanesbrands Inc. (HBI) in the trading session dated May. 08, 2019. These shares are worth $175,600 and were traded at $17.56 each. The SEC filing shows that Mathews Jessica Tuchman performed a sale of 15,000 shares. The Director disposed these shares by way of transaction on Dec. 14, 2018. The company’s shares were given away at $13.57 per share worth to an income of some $203,550 to the account of Mathews Jessica Tuchman.
Group President, IW Americas, Upchurch W Howard Jr, sold 40,688 common shares of Hanesbrands Inc. (HBI) in the open market. In a transaction dated Dec. 12, 2018, the shares were put up for sale at an average price of $14.81, raking in a sum of $602,589. After this sale, 448,672 common shares of HBI are directly owned by the insider, with total stake valued at $7,492,822.
In the transaction dated Nov. 20, 2018, a great number of shares acquired came courtesy the CFO; Hytinen Barry added a total of 10,100 shares at an average price of $14.59, amounting to approximately $147,359. The insider now directly owns 97,538 shares worth $1,628,885.Hanesbrands Inc. (HBI) Analyst Guide
Several analysts have released their opinion on Hanesbrands Inc. (NYSE:HBI), with 1 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.58 average brokerage recommendation [T1].