Hanesbrands Insider William J. Nictakis Sells 25,000 Shares (HBI)
Hanesbrands (NYSE:HBI) Insider William J. Nictakis unloaded 25,000 shares of the company’s stock on the open market in a transaction dated Friday, April 25th. The stock was sold at an average price of $80.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the insider now directly owns 159,649 shares in the company, valued at approximately $12,771,920. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Hanesbrands (NYSE:HBI) traded up 1.44% on Monday, hitting $80.08. 1,371,795 shares of the company’s stock traded hands. Hanesbrands has a one year low of $48.35 and a one year high of $81.83. The stock has a 50-day moving average of $75.28 and a 200-day moving average of $70.19. The company has a market cap of $7.965 billion and a price-to-earnings ratio of 24.29.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.18. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted $0.51 earnings per share. Hanesbrands’s revenue was up 12.0% compared to the same quarter last year. Analysts expect that Hanesbrands will post $4.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, May 9th.
Several analysts have recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Hanesbrands in a research note on Friday. They now have a $85.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Hanesbrands from $84.00 to $88.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at ISI Group raised their price target on shares of Hanesbrands from $80.00 to $90.00 in a research note on Friday. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $79.90.
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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