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An update from Hanesbrands ( (HBI) ) is now available.
Hanesbrands has completed significant financial and structural changes as part of a merger with Gildan. The company repaid and terminated its existing credit facilities, delisted its common stock from the NYSE, and converted its corporate structure to a limited liability company. Additionally, Hanesbrands announced the redemption of its 9.000% Senior Notes due 2031, marking a strategic shift in its financial operations.
The most recent analyst rating on (HBI) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Hanesbrands stock, see the HBI Stock Forecast page.
Spark’s Take on HBI Stock
According to Spark, TipRanks’ AI Analyst, HBI is a Neutral.
Hanesbrands’ overall stock score is primarily impacted by its challenging financial performance, characterized by high leverage and cash flow issues. While the earnings call provided some optimism with better-than-expected results and debt reduction, technical indicators suggest bearish momentum. The valuation is moderate, reflecting a balance between potential growth and existing financial challenges.
To see Spark’s full report on HBI stock, click here.
More about Hanesbrands
Average Trading Volume: 8,540,546
Technical Sentiment Signal: Buy
Current Market Cap: $2.29B
Learn more about HBI stock on TipRanks’ Stock Analysis page.