Hanesbrands Inc. (NYSE:HBI) registered a 1.63% increase, still its new closing price is 10.79% up from the company’s 1 year high of 30.83.It posted 4.77% gains in previous 5 sessions and is now the subject of 2 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 8 buy or better ratings. The 15 stock analysts following this company have an average price target at $32.62, with individual PT in the $26.00-$39.00 range. The shares moved at $23.71, implying that brokerage firms see shares losing about -22.65% in twelve months time.
Hanesbrands Inc. (HBI) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 9.92% rise year to date. A Director at Hanesbrands Inc. (HBI) offloaded shares in a transaction closed on Monday November 21, 2016. Mathews Jessica Tuchman sold 5,433 shares in the company at $24.52 each and collected $133,000 in proceeds. Mathews Jessica Tuchman now owns 145,735 shares in the company after this transaction. A CEO in the company, NOLL RICHARD A, disclosed a transaction on Tuesday August 09, 2016 that ended up paying $514,001 from the purchase of 20,000 shares at $25.74 per share.
Hanesbrands Inc. (NYSE:HBI) Upcoming Results on Tap
Hanesbrands Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.60 in that period. Sales during the quarter are predicted to arrive at $1.45 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.76 billion in revenue and EPS of $0.56. The mean forecast was for $1.76 billion and $0.56 a share, respectively. One quarter earlier, revenue for the stock was at $1.47 billion, with earnings at $0.51/share.
Hanesbrands Inc. (HBI) Brokerage Update
Hanesbrands Inc. (HBI) is in CL King’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by CL King, according to news reported on Monday December 12, 2016.Another important research note was issued by Nomura on Monday January 11, 2016.The firm upgraded HBI to Buy from Neutral. Over the last six months and over the last three months, the shares of Hanesbrands Inc. (HBI), have changed -9.93% and -7.58%, respectively.