Hanesbrands Inc. [HBI] stock for 501,569 USD was acquired by Bratspies Stephen B

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Hanesbrands Inc. shares valued at $501,569 were purchased by Bratspies Stephen B on Feb 24. At $14.63 per share, Bratspies Stephen B acquired 34,292 shares. The insider’s holdings grew to 93,754 shares worth approximately $1.05 million following the completion of this transaction.

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Also, BEEBE CHERYL K purchased 6,250 shares, netting a total of over 97,562 in proceeds. Following the buying of shares at $15.61 each, the insider now holds 20,765 shares.

As published in a research note from Evercore ISI on July 13, 2022, Hanesbrands Inc. [HBI] has been rated down from an Outperform to an In-line. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early June. As of May 06, 2022, Stifel has decreased its “Buy” rating to a “Hold” for HBI. Earlier on October 05, 2021, Wedbush initiated its rating. Their recommendation was “a Neutral” for HBI stock.

Analyzing HBI’s Price Performance

On Thursday, Hanesbrands Inc. [NYSE: HBI] plunged -0.62% to $11.17. The stock’s lowest price that day was $11.14, but it reached a high of $11.35 in the same session. During the last five days, there has been a drop of approximately -0.80%. Over the course of the year, Hanesbrands Inc. shares have dropped approximately -33.19%. Shares of the company reached a 52-week high of $17.55 on 01/05/22 and a 52-week low of $9.58 on 06/16/22. A 50-day SMA is recorded $10.93, while a 200-day SMA reached $14.47. Nevertheless, trading volume fell to 3.57 million shares from 4.53 million shares the previous day.

Support And Resistance Levels for Hanesbrands Inc. (HBI)

According to the 24-hour chart, there is a support level at 11.09, which, if violated, would cause prices to drop to 11.01. In the upper region, resistance lies at 11.30. The next price resistance is at 11.43. RSI (Relative Strength Index) is 52.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 29.05%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Hanesbrands Inc. subject to short interest?

Stocks of Hanesbrands Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.34 million shares to 35.83 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 35.49 million shares. A jump of 0.95% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.06 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.06.

Which companies own the most shares of Hanesbrands Inc. (HBI)?

According to BlackRock Fund Advisors filings, the company currently owns 34,947,479 shares, which is about 10.02% of the total HBI shares outstanding. The investor’s shares have appreciated by 1,154,000 from its previous 13-F filing of 33793479.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $349,210,403. Diamond Hill Capital Management, acquire a 9.62% interest valued at $247.16 million while Cooke & Bieler LP purchased a 7,195,851 stake. A total of 1,371,689 shares of Hanesbrands Inc. were bought by Shapiro Capital Management LLC during the quarter, and 227,573 were bought by Lyrical Asset Management LP. In its current portfolio, ArrowMark Colorado Holdings LLC holds 11,778,418 shares valued at $121.2 million.

In terms of Hanesbrands Inc. share price expectations, FactSet research, analysts set an average price target of $13.42 in the next 12 months, up nearly 15.66% from the previous closing price of $11.24. Analysts anticipate Hanesbrands Inc. stock to reach $19.00 by 2022, with the lowest price target being $9.00. In spite of this, 14 analysts ranked Hanesbrands Inc. stock as a Hold at the end of 2022. On July 13, 2021, Wells Fargo assigned a price target of “an Overweight” to the stock and upgraded coverage with a $23.


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