Hanesbrands Inc. s in-depth stock price analysis indicates that the stock price has dropped -15.28% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -23.23% . Looking at the past 52 week period, the stock price is down -21.56% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Hanesbrands Inc. has a negative value of -23.89 compared to overall market performance. Stocks of Hanesbrands Inc. (NYSE:HBI) rallied by 9.85% during the past week but lost 5.49% on a 4-week basis. The company has outperformed the S&P 500 by 8.97% in the past week but underperformed the index by 7.18% in the last 4 weeks.
Hanesbrands Inc. (NYSE:HBI) : On Friday heightened volatility was witnessed in Hanesbrands Inc. (NYSE:HBI) which led to swings in the share price. The stock opened for trading at $20.37 and hit $20.915 on the upside , eventually ending the session at $20.85, with a gain of 3.78% or 0.76 points. The heightened volatility saw the trading volume jump to 8,495,744 shares. The 52-week high of the share price is $30.42 and the company has a market cap of $7,896 million. The 52-week low of the share price is at $18.91 .
Hanesbrands Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $0.58. The company had revenue of $1575.30 million for the quarter, compared to analysts expectations of $1702.21 million. The companys revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Hanesbrands was Reiterated by Stifel on Feb 3, 2017 to Hold, Lowers Price Target to $ 23 from a previous price target of $26 .Hanesbrands was Reiterated by UBS on Feb 3, 2017 to Buy, Lowers Price Target to $ 25 from a previous price target of $34 .Hanesbrands was Reiterated by FBR & Co. on Feb 3, 2017 to Outperform, Lowers Price Target to $ 33 from a previous price target of $39 .Hanesbrands was Upgraded by CL King to Buy on Dec 12, 2016.
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 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.