Hanesbrands Inc. (HBI) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $23.46 with a loss of -0.25 points or -1.05%. The net money flow was $1.2 million and the up/down ratio was 2.63. Approximately $1.93 million was the inflow in upticks and $0.73 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of 2.54%.The shares witnessed a block transaction with a net money flow of $1.17 million. The total money in uptick was $1.17 million and in downtick was $0 million with the up/down ratio reaching 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
Hanesbrands Inc. has dropped 2.52% in the last five trading days, however, the shares have posted positive gains of 7.7% in the last 4 weeks. Hanesbrands Inc. has dropped 9.2% during the last 3-month period . Year-to-Date the stock performance stands at 7.7%. Hanesbrands Inc. (NYSE:HBI) witnessed a decline in the market cap on Wednesday as its shares dropped 2.02% or 0.48 points. After the session commenced at $23.73, the stock reached the higher end at $23.735 while it hit a low of $23.0701. With the volume soaring to 5,840,259 shares, the last trade was called at $23.23. The company has a 52-week high of $31.36. The company has a market cap of $8,780 million and there are 377,945,180 shares in outstanding. The 52-week low of the share price is $21.4.
Company has reported several Insider transactions to the SEC, on Nov 22, 2016, Jessica Tuchman Mathews (director) sold 5,433 shares at 24.51 per share price.On Aug 10, 2016, Richard A Noll (CEO) purchased 20,000 shares at 25.74 per share price.On Jun 6, 2016, John T. Marsh (Group President, Activewear) sold 10,986 shares at 27.30 per share price.
Hanesbrands Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.56 EPS for the quarter. Analyst had a consensus estimate of $0.56. The company had revenue of $1761.02 million for the quarter, compared to analysts expectations of $1764.53 million. The companys revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Hanesbrands was Upgraded by CL King to Buy on Dec 12, 2016.
Hanesbrands Inc. is a leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra. The company designs, manufactures, sources and sells T-shirts, bras, panties, mens underwear, childrens underwear, socks, hosiery, casual wear and active wear. Hanesbrands Inc. is a world-class consumer goods company with more than a century of history and a portfolio of leading apparel essentials brands including Hanes, Champion, Playtex, Bali, Leggs, Just My Size, Barely There and Wonderbra. Hanesbrands sells high-volume apparel essentials such as T-shirts, bras, panties, mens underwear, kids underwear, socks, hosiery, casualwear and activewear.