Gerald Evans Insider Sell Transaction
A legal document filed with the Security Exchange Commission on November 20, 2015 revealed that Gerald Evans, the Chief Operating Officer of Hanesbrands Inc. (NYSE:HBI)
Hanesbrands Inc Stock Rating, Sentiment and Fundamentals
Eighteen of the equity analysts responsible to analyzing the apparel manufacturing’s company’s share, expect an earnings for each share of $1.68 and a price-earnings ratio of 18.70 for 2015. The percentage earnings-per-share growth rate year-on-year is forecasted to be 13.15% or less.
|Rating & Sentiment|
|Hedge Funds Sentiment:||NEUTRAL|
|Earnings + FCF Trend:||BUY|
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According to our back-tested stocks time-momentum model as shown below and the fact that Gerald, who can be considered as someone in the know, has unaloded such a substantial sum we rate this stock “SELL”. Hanesbrands Inc’s stock price dived by 6.14 % in the last 175 days and is still going downward.
Price Chart of Hanesbrands NYSE:HBI Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Hedge Funds Ownership
13F SEC filings revealed that, 511 investment managers owned Hanesbrands Inc. The institutional ownership of the firm in Q2 2015 is extremely high, at 89.38 % of the shares outstanding. They increased by 4.25 million the total shares they hold. As of that quarter these hedge funds owned 350.21 million shares. There were 53 funds that closed their positions and 196 that reduced them. A total of 61 funds opened new positions in Hanesbrands Inc and 189 increased their holdings.
18 registered investment managers are long the stock and have it in their Top 10. These funds are: Hamilton Point Investment Advisors Llc, Scopus Asset Management L.P., Buckingham Capital Management Inc, Chieftain Capital Management Inc., Dana Investment Advisors Inc., Kings Point Capital Management, Weaver C. Barksdale & Associates Inc., Independent Portfolio Consultants Inc., Strategic Global Advisors Llc, Hanseatic Management Services Inc.
Hamilton Point Investment Advisors Llc had the greatest investment with ownership of 151,198 shares as of Q2 2015 for 4.08% of the fund’s portfolio. Alexander Mitchell’s Scopus Asset Management L.P. is another positive institutional investor owning 3.77 million shares of the company or 2.17% of their stocks portfolio. The stock is also 3.45% of the fund’s AUM. In addition David Keidan’s Buckingham Capital Management Inc have 2.39% of their stock portfolio invested in the stock for 866,646 shares. John Shapiro’s Chieftain Capital Management Inc. disclosed it had purchased a stake worth 11.64% of the fund’s stock portfolio in Hanesbrands Inc. The Wisconsin-based fund Dana Investment Advisors Inc. is also an optimist about the public company, possessing 1.17 million shares or 1.83% of their stock portfolio.
Hanesbrands NYSE:HBI Company Profile
Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s innerwear and activewear apparel brands include Hanes, Champion, Bali, Playtex, Maidenform, JMS/Just My Size, L’eggs, 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 Company’s Innerwear segment focuses on apparel products, such as intimate apparel, men’s underwear, children’s 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 Company’s international markets are Europe, Canada, Japan, Mexico, Brazil and Australia.
Company Website: Hanesbrands
Hanesbrands Inc was founded in Maryland on 2005-09-30. Now its market worth is: $12.29 billion and it has 399.67 million shares outstanding. This company has 59500 employees. Now it has 90.88% shareholders and the institutional ownership is 90.88%. The stock closed at $31.370001 yesterday and it had average 2 days volume of 610689 shares. It is down from the 30 days average shares volume of 944210. Hanesbrands Inc has a 52 weeks low of $25.93 and a one year high of $34.79. The current price is below the 200 days simple moving average. Hanesbrands Inc last issued its quarterly earnings stats on 10/28/2015. The company reported 0.5 EPS for the quarter, above the consensus estimate of 0.45 by 0.05. The company had a revenue of 1.59 billion for 10/3/2015 and 1.52 billion for 7/4/2015. Therefore, the revenue was 69.01 million up.
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