The latest announcement is out from Hanesbrands ( (HBI) ).
On April 29, 2025, Hanesbrands Inc. held its Annual Meeting of Stockholders, where the stockholders approved an amendment to increase the number of shares reserved under the 2020 Omnibus Incentive Plan by 16,210,000 shares. Additionally, the stockholders elected the proposed directors, ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025, and approved executive officer compensation, reflecting strong support for the company’s governance and strategic initiatives.
Spark’s Take on HBI Stock
According to Spark, TipRanks’ AI Analyst, HBI is a Neutral.
Hanesbrands’ overall stock score reflects significant financial challenges, including high debt and declining profitability. While the company shows positive strategic initiatives and improvements in operational metrics, as highlighted in the earnings call, the technical and valuation aspects remain weak. The company’s ability to leverage its strategic initiatives and improve its financial metrics will be key to future performance.
To see Spark’s full report on HBI stock, click here.
More about Hanesbrands
Hanesbrands Inc. operates in the apparel industry, focusing on designing, manufacturing, and selling a range of clothing products including innerwear and activewear. The company is known for its market presence in the basics apparel segment, catering to a wide consumer base with brands like Hanes, Champion, and Playtex.
YTD Price Performance: -40.72%
Average Trading Volume: 8,398,966
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.68B
For a thorough assessment of HBI stock, go to TipRanks’ Stock Analysis page.