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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.
LULU faces challenges with U.S. revenue growth amid inflation, a cautious consumer spending environment and a lack of newness in the women's category.
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.
Small-cap stocks have underperformed the broad market for years but are poised to rebound soon. The FOMC has all but committed to its first interest rate cut since 2020, ushering in a new age for stocks.
Investing in high-yielding stocks reduces the risk of misallocating capital compared to high-growth stocks. However, I have still made my fair share of mistakes. I share my lessons learned from the 3 worst high-yield investments ever.
Hanesbrands announced the sale of its Champion business earlier this summer for $1.2 billion, with a potential to increase to $1.5 billion. The second quarter earnings report showed some stability, although GAAP metrics were impacted in a huge manner because of the Champion deal. The pro forma business is expected to generate $3.6 billion in sales with potential earnings of around $0.65 per share, resulting in upside if the company can deliver.