HBI Stock Recent News

Here is how HanesBrands (HBI) and Royal Caribbean (RCL) have performed compared to their sector so far this year.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

HanesBrands (HBI) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, HBI broke out above the 50-day moving average, suggesting a short-term bullish trend.

Hanesbrands reports a recovery in profitability but faces revenue challenges in all segments, particularly with Champion brand. The company reaffirms its FY24 guidance but does not provide updates on the potential sale of Champion. The valuation of Hanesbrands suggests that the stock is still a Hold, with excessive multiples and challenges in the apparel industry.

WINSTON SALEM, N.C.--(BUSINESS WIRE)--Today, Champion®, makers of authentic athletic apparel since 1919, revealed its newest product innovation prototype designed to champion mental health: the Champion Weighted Hoodie. Champion has a strong track record of innovation, from inventing the world's first hoodie over 80 years ago, to manufacturing the first sports bra, and now championing wearable weighted products and adaptive apparel. Inspiration for the product came directly from Champion consum.

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE:HBI), the world's largest supplier of collegiate fan apparel, announces a five-year extension of its current partnership with TCU, renewing the exclusive rights to manufacture and sell Horned Frog fanwear in the mass retail channel. TCU is one of more than two dozen elite schools that have exclusive mass retail partnerships with HanesBrands, including Florida State, Penn State, the University of Michigan, Clemson University and Auburn Univ.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Hanesbrands' (HBI) first-quarter 2024 results reflect lower sales amid weakness in the Activewear segment. Nevertheless, the bottom line improved year over year.

While the top- and bottom-line numbers for HanesBrands (HBI) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

HanesBrands (HBI) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.06 per share a year ago.