Hanesbrands Is Not An Opportunity After Rumours Of $1 Billion Price For Champion

James Darell/DigitalVision via Getty Images Hanesbrands (NYSE:HBI) is an apparel manufacturer. The company owns Hanes, Champion, and other brands. In early April 2024, I published an initiation coverage article on Hanesbrands with a Hold rating. The rating was based on the company's valuation, considering different turnaround scenarios and two potential valuations for the Champion brand, which the company is considering selling. I review the company's 1Q24 results and earnings call in this article. I find a ...