Hanesbrands (HBI) has risen sharply, recording gains of 1.88% in the past 4 weeks. However, the stock has corrected -2.65% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.09% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.96% and the fifty day Moving Average is 3.14%. Hanesbrands Inc. is up 0.89% in the last three month period. Year-to-Date the stock performance stands at -6.55%.
Hanesbrands (HBI) : The consensus price target for Hanesbrands (HBI) is $34.88 for the short term with a standard deviation of $3.23. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $39, however, the pessimist price target for the company is $29.
Hanesbrands (NYSE:HBI): On Fridays trading session , Opening price of the stock was $27.36 with an intraday high of $27.67. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.08. However, the stock managed to close at $27.16, a loss of 0.80% for the day. On the previous day, the stock had closed at $27.38. The total traded volume of the day was 2,545,502 shares.
Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Companys innerwear and activewear apparel brands include Hanes, Champion, Bali, Playtex, Maidenform, JMS/Just My Size, Leggs, Flexees, barely there, Wonderbra, Gear for Sports and Lilyette. Its international brands also include DIM, Nur Die/Nur Der, Zorba, Rinbros and Shock Absorber, among others. The Companys Innerwear segment focuses on apparel products, such as intimate apparel, mens underwear, childrens underwear and socks. In the activewear market, it sells products, such as T-shirts and fleece to both retailers and wholesalers. Its Direct to Consumer operations include its domestic Company-operated outlet stores, catalogs and Website operations that sell its branded products to consumers in the United States. The Companys international markets are Europe, Canada, Japan, Mexico, Brazil and Australia.