Weekly CFO Buys Highlight

Recent buys from company CFOs

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May 20, 2018
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According to GuruFocus Insider Data, the recent CFO buys were: Novavax Inc. (NVAX, Financial) and Hanesbrands Inc. (HBI, Financial).

Novavax Inc.: SVP, CBO and CFO John Trizzino bought 50,000 shares

SVP, CBO and CFO John Trizzino bought 50,000 shares for $1.64 per share on May 14. Since then, the stock price has increased by 4.88%. Novavax Inc. has a market cap of $656.481 million and its shares were traded around $1.72. The company has a P/S ratio of 15.07.

Novavax announced its first-quarter results with revenues and gross profit of $9.65 million; the net loss was $46.35 million. The 2017 total revenue and gross profit was $31.18 million, a 103% increase from the 2016 total revenue and gross profit. The 2017 net loss was $183.77 million.

President and CEO Stanley C Erck bought 100,000 shares for $1.65 per share on May 14. Since then, the stock price has increased by 4.24%. President, R&D Gregory M Glenn bought 20,000 shares for $1.64 per share on May 14. Since then, the stock price has increased by 4.88%.

Hanesbrands Inc.: CFO Barry Hytinen bought 21,890 shares

CFO Barry Hytinen bought 21,890 shares for $17.47 per share on May 17. Since then, the stock price has increased by 5.21%. Hanesbrands Inc. has a market cap of $6.62 billion and its shares were traded around $18.38. The company has a P/E ratio of 91.90 and P/S ratio of 1.02. The trailing 12-month dividend yield of Hanesbrands Inc stocks is 3.26%, while the forward dividend yield is 3.26%. Over the past 10 years, Hanesbrands Inc. had an annual average earnings growth of 6.40%.

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Hanesbrands announced its first-quarter results with revenues of $1.47 billion and gross profit of $578.92 million; the net income was $79.41 million. The 2017 total revenue was $6.47 billion, a 7% increase from the 2016 total revenue. The 2017 gross profit was $2.49 billion, a 9% increase from the 2016 gross profit. The 2017 net income was $61.89 million.

CEO Gerald Evans bought 17,500 shares for $17.66 per share on May 16. Since then, the stock price has increased by 4.08%. Director David V Singer bought 31,230 shares for $17.72 per share on May 17. Since then, the stock price has increased by 3.72%.