HanesBrands (HBI) reachead $4.84 at the closing of the latest trading day, reflecting a +0.41% change compared to its last close.
HanesBrands (HBI) gains from a focus on enhancing operating and financial models. HanesBrands' reignite Innerwear strategy also continues to gain traction.
Here is how HanesBrands (HBI) and Caleres Inc. (CAL) 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.
The latest trading day saw HanesBrands (HBI) settling at $4.99, representing a +1.01% change from its previous close.
Hanesbrands (HBI) focuses on accelerating growth. The company has inked a deal to offload the global Champion business to Authentic Brands Group.
Hanesbrands (NYSE: HBI ) stock is getting a boost on Wednesday after the innerwear apparel company announced it will sell the Champion brand. Hanesbrands has agreed to sell the Champion brand to Authentic Brands Group for $1.2 billion.
Hanesbrands said Wednesday it signed a deal to sell its Champion brand to Authentic Brands Group. The deal could reach up to $1.5 billion through an additional cash contingent consideration of up to $300 million if performance thresholds are met.
Shares of Hanesbrands Inc. HBI, -2.13% jumped 6.9% toward a two-month high in premarket trading Wednesday, after the underwear and t-shirts seller announced an agreement to sell its Champion athletic-apparel business for a deal that could be valued at up to $1.5 billion to Authentic Brands Group. The deal, which is expected to close in the second half of 2024, includes the potential for $300 million in cash if certain performance thresholds are achieved.
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.