Hanesbrands CEO Sells $1,878,000 in Stock (HBI)
Hanesbrands (NYSE:HBI) CEO Richard Noll unloaded 30,000 shares of the stock on the open market in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $62.60, for a total value of $1,878,000.00. Following the completion of the transaction, the chief executive officer now directly owns 723,425 shares in the company. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on HBI. Analysts at Zacks reiterated an “outperform” rating on shares of Hanesbrands (NYSE:HBI) in a research note to investors on Friday, August 16th. They now have a $73.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Hanesbrands (NYSE:HBI) from $54.00 to $70.00 in a research note to investors on Thursday, August 1st. They now have an “overweight” rating on the stock. Finally, analysts at Brean Capital downgraded shares of Hanesbrands (NYSE:HBI) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 1st. They now have a $63.00 price target on the stock, up previously from $60.00.
Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $61.70.
Hanesbrands (NYSE:HBI) traded down 0.05% during mid-day trading on Thursday, hitting $61.31. The stock had a trading volume of 751,809 shares. Hanesbrands has a 52-week low of $31.17 and a 52-week high of $65.60. The stock has a 50-day moving average of $61.22 and a 200-day moving average of $51.30. The company has a market cap of $6.070 billion and a price-to-earnings ratio of 17.07.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.25. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts predict that Hanesbrands will post $3.67 earnings per share for the current fiscal year.
Hanesbrands Inc is a consumer goods company with a portfolio of apparel brands, including Hanes, Champion, Bali, Playtex, Just My Size, L’eggs, barely there, Wonderbra, Gear for Sports, Stedman, Zorba, Rinbros, Sol y Oro, Outer Banks and Duofold.
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