Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
BTV Highlights: North American Iron, West Red Lake...
Tech 5: US Lifts EDA Restrictions for China,...
CoTec Holdings Corp. Announces Second Closing of Life...
Hempalta Secures 90-Day FCC Forbearance Extension as Company...
BTV Highlights: North American Iron, West Red Lake...
Crypto Market Recap: Crypto Rallies As “Big, Beautiful...
Quimbaya Gold Closes $4 Million Financing and Expands...
Syntheia Signs Definitive Agreement for Call Center Acquisition
Lithium Universe LtdInterview with Executive Chairman
Stallion Uranium to Resume Trading on the TSX-V and...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

HBI Stock Price: Times Get Tough for Hanesbrands Inc.

by admin September 13, 2024
September 13, 2024
HBI Stock Price: Times Get Tough for Hanesbrands Inc.

Hanes Faces Challenges: HBI Stock Forecast and Market Outlook

As times get tough in the innerwear and activewear market, the HBI stock price is undergoing changes. Listed under the ticker HBI in the Consumer Discretionary sector, Hanesbrands Inc. has a market capitalisation of 2.24 billion, classifying it as a mid-cap stock. If you’re considering purchasing shares, you’ll need a securities account, either through your bank or with a specialised broker. Before making your investment decision, it’s important to review the current HBI stock price, its forecast, and the latest news.

HBI Stock Price Today

Hanesbrands Inc. stock is trading at $5.96 at the last close. The company’s stock price has fluctuated between a low of $3.54 and a high of $6.77 over the past 52 weeks. 

Hanesbrands Inc. has paid dividends consistently for the past nine years. However, there has been no recent announcement regarding the next dividend release, and the company is not currently paying any dividends.

The company decided to eliminate its dividend completely, which will free up cash and reduce debt. For long-term financial health, eliminating dividend is the right choice. Hanesbrands needs all the cash it can get its hands on to bring its debt levels and interest payments down.

The company experienced a 16% sales decline in Q4 due to reduced consumer spending and retailer inventory cuts. 

All segments suffered, with underwear down 19% and activewear down 16%. Operating margins went down because sales were lower and costs were higher. This led to a big net loss. However, adjusted earnings per share were $0.07. 

The company anticipates continued weak demand in 2023, projecting lower full-year sales and profits compared to 2022.

HBI’s price prediction target is set at $5.14. The highest price target for HBI stock is $6.40. The lowest would be at $5.00. 

HBI/USD 5-Day Chart

Key Facts to Remember About Hanes Stock

The current market scenario for underwear is challenging; however, as is typical for this category, the demand for replenishing products is expected to rise as consumers seek to replace worn items. 

Hanes has established a slight competitive advantage through its strong brand equity, reflected in a 60% market share in various regions. 

HanesBrands has also prioritised a premium market stance by purchasing Champion, but the most significant growth potential may lie in enhancing the efficiency of its primary loungewear division.

How do you get competitive in the basic underwear sector? That’s the question HanesBrands investors are asking as their “replenishment” apparel faces more gimmicky private label offerings.

Investors may sell as competition heats up. But experts remind that while the threat of private label apparel is often a risk to HanesBrands, it’s not new and shouldn’t affect the company’s competitiveness.

Will Hanes Remain the King of Underwear?

To boost growth, HanesBrands bought Champion introducing premium items like “X-temp” underwear. However, inflation and lower demand for clothing may hurt these products. Hanes could get back to basics by maintaining its leadership position in the underwear market, working to improve supply chain efficiency and eventually, people will need to restock their sock drawers.

Champion is a competitor in a growing activewear space, but competition is fierce. The brand is popular in North America and Europe. It has a lot of potential for growth in China and other less explored markets.

Hanesbrands has successfully introduced brand extensions that have allowed it to expand shelf space and increase price points in the typically static core apparel category.

HBI Stock, Buy or Sell?

The company has attracted interest from an activist shareholder. We believe there may be an opportunity to create value through more aggressive cost cutting and other changes.

Hanes has lost market share in the competitive women’s underwear market. The cause could be struggling US department stores.

Also, Hanes sells large quantities of basic clothing at relatively low prices. It may be difficult for the company to pass on any increase in input costs to consumers through higher prices. In addition, consumers may reduce their total spending on clothing for economic reasons.

Despite the challenges, Hanesbrands Inc.’s strong brand presence and strategic focus on premium markets, along with potential improvements in supply chain efficiency, could position the company for a gradual recovery as consumer demand rebounds.

The post HBI Stock Price: Times Get Tough for Hanesbrands Inc. appeared first on FinanceBrokerage.

previous post
ApeCoin and Akita Inu: ApeCoin pulls back to EMA 200
next post
What is an Offtake Agreement? (Updated 2024)

You may also like

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped...

January 28, 2025

DWAC Stock Seems at a Standstill. What Is...

August 3, 2024

Ethereum under bearish pressure throughout the day

October 3, 2024

Stock Futures Lower after S&P 500 futures ticked...

December 10, 2024

Bitcoin and Ethereum Trends: Channel Analysis & Entry...

November 8, 2024

Quantum Computing Investments: Opportunities & Risks

February 4, 2025

Stock Futures Lower after S&P 500 futures ticked...

December 18, 2024

The Euro index continues the trend from Friday...

September 3, 2024

Bitcoin and Ethereum: New Support and Targets for...

October 5, 2024

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped...

January 25, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

      July 6, 2025
    • Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri

      July 6, 2025
    • CoTec Holdings Corp. Announces Second Closing of Life Offering and Concurrent Private Placement

      July 5, 2025
    • Hempalta Secures 90-Day FCC Forbearance Extension as Company Completes Certification of 2024 Carbon Credits

      July 5, 2025
    • BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

      July 5, 2025
    Promotion Image

    banner ads

    Categories

    • Business (756)
    • Economy (829)
    • Investing (2,349)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smarttradeinsights.com | All Rights Reserved