Hanesbrands Inc. ($HBI) Stock Forecast: Up 5.2% Today

What is Hanesbrands Inc.?

Hanesbrands Inc. (HBI) is a prominent American apparel company recognized for its popular innerwear and activewear brands, catering to a diverse range of consumers.

Why is Hanesbrands Inc. going up?

HBI stock is up 5.2% on Nov 26, 2024 20:47

• HBI stock saw a notable bullish trend today.
• The recent positive earnings report from J.M. Smucker and the optimistic outlook from analysts regarding Eastman Chemical might have influenced the positive market sentiment, which in turn bolstered investor morale.
• The encouraging performance of these companies could have impacted various stocks, including Hanesbrands Inc., leading to its upward trajectory.
• Investors appeared to be swayed by the prevailing optimistic market conditions and the robust performances of related companies, reflected in the rise of HBI stock prices.

HBI Price Chart

HBI Technical Analysis

HBI News

J.M. Smucker Posts Upbeat Earnings, Joins LexinFintech, Semtech, Arrowhead Pharmaceuticals And Other Big Stocks Moving Higher On Tuesday - Arrowhead Pharma ( NASDAQ:ARWR ) , Embecta ( NASDAQ:EMBC )

U.S. stocks were mixed, with the Dow Jones index falling more than 200 points on Tuesday. Shares of The J. M. Smucker Company SJM rose sharply during Tuesday's session after the company reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS guidance with ...

https://www.benzinga.com/24/11/42194242/j-m-smucker-posts-upbeat-earnings-joins-lexinfintech-semtech-arrowhead-pharmaceuticals-and-other-big-stocks-movin

This Eastman Chemical Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday - Eastman Chemical ( NYSE:EMN ) , Capri Holdings ( NYSE:CPRI )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

https://www.benzinga.com/24/11/42188131/this-eastman-chemical-analyst-turns-bullish-here-are-top-5-upgrades-for-tuesday

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Hanesbrands Inc. Price History

07.10.2024 - HBI Stock was up 18.1%

• HBI's strong bullish movement today could be attributed to investor optimism surrounding the upcoming Q3 earnings report.
• The market may be reacting positively to the company's strategic transformation and consumer-centric innovation, which are expected to drive strong performance in the current quarter.
• Despite macroeconomic challenges, investors seem confident in HBI's ability to deliver solid results, leading to the bullish movement in the stock price.

26.08.2024 - HBI Stock was up 5.5%

• HBI's stock price surged as investors reacted positively to the company's strategic transformation and consumer-centric approach, signaling strong growth prospects.
• The stock hitting a 52-week high indicates increasing investor confidence in HanesBrands' ability to navigate challenges and capitalize on opportunities in the market.
• Despite macroeconomic concerns, HBI's resilience and focus on innovation seem to have reassured investors, driving the bullish movement in the stock price today.

28.07.2024 - HBI Stock was down 5.3%

• Speculation in the options market about a potential increase in Hanesbrands stock may have raised investor hopes, only to be disappointed by the bearish movement witnessed.
• An increase in the price target on Hanesbrands by UBS, with assertions that the company is at a turning point, likely instilled confidence among investors. However, the market movement today may not have met these optimistic forecasts.
• The divergence between options market forecasts and the actual stock performance today could have prompted a sell-off as investors reacted to the disparity between expectations and the market reality.

03.09.2024 - HBI Stock was down 5.4%

• HanesBrands showed resilience by gaining slightly amidst the overall market dip.
• Factors contributing to the positive stock price change in HBI could stem from internal company aspects or broader market influences.
• The bearish trajectory in HBI's stock may result from investors engaging in profit-taking or harboring uncertainties regarding the company's future performance.
• To make well-informed decisions, investors are advised to monitor both market trends and HanesBrands' progress closely.

08.09.2024 - HBI Stock was up 5.0%

• HBI's focus on strategic transformation, consumer-centric approach, and innovation is leading to a bullish market movement.
• Despite macroeconomic challenges, investors are optimistic about Hanesbrands' future prospects, driving the stock higher.
• The market is rewarding HBI for its efforts to navigate challenges and capitalize on growth opportunities, making staying invested in the company a sensible choice.

31.09.2024 - HBI Stock was down 5.1%

• HBI stock experienced a bearish movement, closing lower than the previous day.
• The stock underperformed compared to the broader market, indicating specific company-related factors at play.
• The negative movement could be attributed to internal company issues, such as poor financial performance or operational challenges.
• Investors might be reacting to concerns about HanesBrands' future growth prospects, leading to the dip in stock price.

26.10.2024 - HBI Stock was up 5.2%

• HBI stock saw a notable bullish trend today.
• The recent positive earnings report from J.M. Smucker and the optimistic outlook from analysts regarding Eastman Chemical might have influenced the positive market sentiment, which in turn bolstered investor morale.
• The encouraging performance of these companies could have impacted various stocks, including Hanesbrands Inc., leading to its upward trajectory.
• Investors appeared to be swayed by the prevailing optimistic market conditions and the robust performances of related companies, reflected in the rise of HBI stock prices.

08.07.2024 - HBI Stock was up 11.9%

• HanesBrands (HBI) surpassed Q2 earnings and revenue projections, highlighting robust financial results.
• Updates on the sale of Champion and retail adjustments likely played a role in fostering investor positivity and trust in the company's strategic choices.
• Despite facing consumer market obstacles, HanesBrands' efficient utilization of reduced input expenses and expense reductions has strengthened its financial forecast.
• The favorable market reception to HanesBrands' Q2 performance reflects escalating investor enthusiasm and confidence in the company's future prospects.

08.07.2024 - HBI Stock was up 11.9%

• Despite a decrease in earnings and revenues during Q2, HanesBrands (HBI) pleasantly surprised investors with strong innerwear sales in the US, leading to a significant rise in stock value.
• The company's adept navigation through challenging consumer and apparel market conditions, coupled with margin growth and cost-cutting initiatives, likely influenced the positive market response.
• Investors seemed heartened by HanesBrands' resilience amidst tough consumer landscapes in Australia and macroeconomic pressures, as evidenced by surpassing earnings expectations and enhanced gross margins.
• Strategic business updates, including the announcement of the sale of Champion, may have further bolstered investor confidence in HanesBrands' future growth trajectory, fueling the upward market trend.

05.07.2024 - HBI Stock was up 5.1%

• HanesBrands (HBI) experienced a strong bullish movement today despite the overall market conditions.
• The positive market movement could be attributed to better-than-expected performance in key metrics for the second quarter, as hinted by recent estimates.
• Despite a recent drop in stock price, investors seem optimistic about the company's future prospects, possibly driven by strong fundamentals and strategic decisions.
• The bullish trend might also be influenced by investors seeking alternatives to popular stocks like Berkshire Hathaway, leading to increased interest in diversified holding company stocks like HanesBrands.

13.07.2024 - HBI Stock was down 5.1%

• Despite reporting better-than-expected US innerwear performance and margin expansion, Hanesbrands' stock experienced a bearish movement.
• The decline in net sales and revenues, along with the expansion of losses, likely contributed to the negative market sentiment.
• Investors may have reacted negatively to the macroeconomic headwinds in Australia impacting sales, despite the company's efforts to drive growth through strategic actions outlined in the earnings call.
• The market may be questioning the sustainability of the upbeat performance in the face of overall revenue decline and operating losses, leading to the bearish movement in the stock.

14.07.2024 - HBI Stock was up 5.0%

• Activist campaign against Hanesbrands boosting investor optimism and confidence in potential strategic changes, resulting in a bullish market movement.
• Strong Q2 earnings report showing adjusted earnings per share exceeding expectations and notable margin gains, likely contributing to positive market sentiment and stock surge.
• Despite a net sales decrease, better-than-expected performance in the US innerwear segment and margin expansion showcasing adaptability to market challenges and growth drive.
• Earnings surpassing estimates and outlined strategic actions during the earnings call potentially enhancing investor enthusiasm, pushing HBI stock to rise by 14% in the current trading session.