Hanesbrands (HBI) : During the past 4 weeks, traders have been relatively bearish on Hanesbrands (HBI), hence the stock is down -5.58% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.06% relative to the S&P 500. The 4-week change in the price of the stock is -3.24% and the stock has fallen -4.65% in the past 1 week.
Hanesbrands (NYSE:HBI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.48 and $25.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.42, notching a gain of 0.51% for the day. The total traded volume was 3,697,154 . The stock had closed at $25.29 on the previous day.
The stock has recorded a 20-day Moving Average of 3.67% and the 50-Day Moving Average is 3.76%. Hanesbrands Inc. has dropped 7.72% during the last 3-month period . Year-to-Date the stock performance stands at -12.89%.
Hanesbrands (HBI) : The consensus price target for Hanesbrands (HBI) is $35.13 for the short term with a standard deviation of $3.31. 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 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.