HBI Stock Recent News
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WINSTON-SALEM, N.C.--(BUSINESS WIRE)--Are you among the 82% of Americans who admit to wearing underwear that's past its prime? HanesBrands thinks it's time for a refresh!.
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HBI's strategic transformation, consumer-centric approach and innovation suggest strong growth potential. However, macroeconomic challenges raise concerns.
HBI sells Champion business to Authentic Brands Group to streamline operations and reduce debt.
WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands Inc. (NYSE: HBI), a global leader in iconic apparel brands, today announced that it has completed the sale of the intellectual property and certain operating assets of the Company's global Champion business to Authentic Brands Group (“Authentic”). “Today marks a major milestone on our journey to strengthen and simplify our business and is the culmination of a significant team effort to position HanesBrands on the optimal path for the future,” sa.
HBI's strategic transformation, consumer-centric approach and innovation indicate growth prospects. However, macroeconomic issues raise concerns.
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Investors need to pay close attention to Hanesbrands (HBI) stock based on the movements in the options market lately.
Shares of Hanesbrands (HBI) gained Tuesday after UBS boosted its price target on the stock to $6.50 from $5 while maintaining a "neutral" rating.
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