In the latest trading session, HanesBrands (HBI) closed at $7.26, marking a -0.14% move from the previous day. This change lagged the S&P 500's 0.16% gain on the day. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq gained 0.78%. Coming into today, shares of the underwear, T-shirt and sock maker had lost 1.09% in the past month. In that same time, the Consumer Discretionary sector gained 0.21%, while the S&P 500 gained 1.67%. The investment community will be paying close attention to the earn ...

HanesBrands (HBI) ended the recent trading session at $7.08, demonstrating a -1.39% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.05%. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.18%.Prior to today's trading, shares of the underwear, T-shirt and sock maker had gained 7.16% over the past month. This has outpaced the Consumer Discretionary sector's gain of 3.25% and the S&P 500's gain ...

Hanesbrands (HBI) has witnessed notable resilience in a challenging macroeconomic environment, driven by its strategic initiatives. The company's recent sale of the Global Champion business and exit from the U.S. outlet store sector are key moves designed to improve financial stability, streamline operations and enhance profitability. Hanesbrands' focus on enhancing its operating and financial models has been instrumental in driving long-term resilience and profitability. Key improvements include strengthen ...

Core Insights - HanesBrands Inc. has completed the sale of its global Champion business to Authentic Brands Group, which is a strategic move to simplify operations and focus on core apparel lines [1] - The sale enables HanesBrands to pay down approximately $1 billion in debt in the second half of 2024, positioning the company for improved shareholder returns through revenue growth and double-digit earnings per share growth in the coming years [1][2] Financial Performance - The adjusted gross margin for the second quarter of 2024 was 39.8%, an increase of nearly 525 basis points, attributed to reduced input costs and ongoing cost-saving measures [4] - The company has a robust foundational financial model characterized by healthy margins and steady cash generation, with gross margins returning to historical levels [3] Growth Strategy - HanesBrands is focusing on a global consumer-centric approach, targeting younger demographics through innovation and expansion of retail space, which has led to market share gains [5] - The company has strong visibility into new product launches and brand initiatives extending through 2026, with significant marketing investments driving growth in the innerwear segment [5] Future Outlook - With a healthier balance sheet and a clear focus on core brands, HanesBrands is positioned for strong growth and long-term profitability, benefiting from cost-saving initiatives and margin expansion [6] - Shares of HanesBrands have gained 53.1% in the past three months, significantly outperforming the industry growth of 7% [6]

Shares of Hanesbrands (HBI) hit a new 52-week high of $7.03 yesterday before dropping to close at $6.85. Over the past three months, Hanesbrands shares have surged an impressive 47%, against the industry's decline of 3.1%. The broader S&P 500 has risen 2.7% in the said time frame. This surge is attributed to Hanesbrands' resilience amid macroeconomic challenges. Image Source: Zacks Investment Research Technical indicators are also supportive of Hanesbrands' strong performance. The stock is trading above bot ...

lululemon athletica inc. (LULU) has seen a pullback in its share performance since the start of 2024. The recent decline in share performance is attributed to the challenges from the inflationary environment, leading to soft discretionary spending and struggles in the women's category. These factors have been collectively affecting the company's Americas business, mainly the United States. As a result, shares of this Vancouver-based luxury athletic apparel retailer have lost 51.7% in the year-to-date period ...

Investors in Hanesbrands Inc. (HBI) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct. 18, 2024 $10 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also m ...

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. In this new age, headwinds will diminish, allowing riskier businesses with greater dependence on borrowing to flourish. This is a look at three small-cap stocks well-positioned to benefit from the shift and deliver value to their shareholders in 2025 and beyond. SLQT ▼ Get Polaris alerts: SelectQuote Well-P ...

James Darell/DigitalVision via Getty Images When Hanesbrands (NYSE:HBI) announced the Champions deal in June, I wondered what would be in play for the company. Shares got a boost on the back of the announcement, with investors liking the leverage reduction, yet I still feared the overall investment case as the company still held quite some debt while operating performance remained challenging. Following a resilient second quarter earnings report and comforting words about the pro forma business and its outl ...

Hanesbrands Inc. (HBI) reported mixed second-quarter 2024 results, with the top line declining year over year and missing the Zacks Consensus Estimate. The bottom line improved from the year-ago quarter's reported figure and surpassed the consensus mark. Challenges in the consumer and apparel market hurt results. Management lowered its net sales and earnings view for 2024. Q2 in Detail The company posted adjusted earnings from continuing operations of 15 cents per share, surpassing the Zacks Consensus Estim ...