The CEO of Hanesbrands (HBI) is Buying Shares

Today, the CEO of Hanesbrands (NYSE: HBI), Gerald Evans, bought shares of HBI for $309.1K.

This is Evans’ first Buy trade following 7 Sell transactions. Following this transaction Gerald Evans’ holding in the company was increased by 1.48% to a total of $21.74 million.

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Based on Hanesbrands’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.47 billion and quarterly net profit of $79.41 million. In comparison, last year the company earned revenue of $1.38 billion and had a net profit of $71.38 million. HBI’s market cap is $6.54B and the company has a P/E ratio of 101.68. Currently, Hanesbrands has an average volume of 11.86M.

18 different firms, including B.Riley FBR and Barclays, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $21.86, reflecting a -17.0% downside.

Gerald Evans’ trades have generated a 1.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Hanesbrands, Inc. is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of men’s and women’s basic apparel. It operates its business through the following segments: Innerwear, Activewear, International, Other, and Corporate.

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