Hanesbrands CEO Sells $1,774,500 in Stock (HBI)
Hanesbrands (NYSE:HBI) CEO Richard Noll sold 30,000 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $59.15, for a total transaction of $1,774,500.00. Following the sale, the chief executive officer now directly owns 692,733 shares in the company, valued at approximately $40,975,157. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Hanesbrands (NYSE:HBI) traded up 2.36% on Thursday, hitting $60.40. 507,107 shares of the company’s stock traded hands. Hanesbrands has a 52 week low of $31.50 and a 52 week high of $65.60. The stock’s 50-day moving average is $61.89 and its 200-day moving average is $54.48. The company has a market cap of $5.980 billion and a P/E ratio of 16.42.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Hanesbrands will post $3.67 EPS for the current fiscal year.
A number of analysts have recently weighed in on HBI shares. Analysts at DA Davidson downgraded shares of Hanesbrands from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, September 24th. They now have a $68.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Hanesbrands in a research note to investors on Friday, August 16th. They now have a $73.00 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Hanesbrands 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. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Hanesbrands has a consensus rating of “Buy” and an average target price of $63.50.
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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