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Top Buys by Top Brass: Chief Financial Officer Hytinen's $382.4K Bet on HBI


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A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $382.4K by Barry Hytinen, Chief Financial Officer at HanesBrands Inc (Symbol: HBI).

Purchased Insider Title Shares Price/Share Value
05/17/2018 Barry Hytinen Chief Financial Officer 21,890 $17.47 $382,418.30

Hytinen's average cost works out to $17.47/share. Shares of HanesBrands Inc were changing hands at $18.23 at last check, trading up about 0.6% on Friday. The chart below shows the one year performance of HBI shares, versus its 200 day moving average:

HanesBrands Inc Chart

Looking at the chart above, HBI's low point in its 52 week range is $16.38 per share, with $25.73 as the 52 week high point - that compares with a last trade of $18.23.

The current annualized dividend paid by HanesBrands Inc is $0.6/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/14/2018. Below is a long-term dividend history chart for HBI, which can be of good help in judging whether the most recent dividend with approx. 3.3% annualized yield is likely to continue.

HBI+Dividend+History+Chart

According to the ETF Finder at ETF Channel, HBI makes up 1.14% of the PowerShares S&P 500 Equal Weight Consumer Discretionary Portfolio ETF (Symbol: RCD) which is trading lower by about 0.3% on the day Friday.

Click here to find out which other top insider buys by the ''top brass'' you need to know about »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Options
Referenced Symbols: HBI , RCD



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