Hanesbrands Inc. ($HBI) Stock Forecast: Down 5.3% Today

What is Hanesbrands Inc.?

Hanesbrands (HBI) is a well-known apparel maker that has been in the spotlight recently due to its stock experiencing a strong bearish movement in the market today.

Why is Hanesbrands Inc. going down?

HBI stock is down 5.3% on Aug 28, 2024 15:17

• 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.

HBI Price Chart

HBI News

Is the Options Market Predicting a Spike in Hanesbrands ( HBI ) Stock?

Investors need to pay close attention to Hanesbrands (HBI) stock based on the movements in the options market lately.

https://www.zacks.com/stock/news/2328145/is-the-options-market-predicting-a-spike-in-hanesbrands-hbi-stock

UBS Lifts Price Target on Hanesbrands, Says Company Is at ''Inflection Point''

UBS analyst lifts his price target on Hanesbrands, saying the apparel maker could be at a major inflection point.

https://www.investopedia.com/ubs-lifts-the-price-target-on-hanesbrands-says-the-firm-is-at-an-inflection-point-8702251

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Hanesbrands Inc. Price History

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.

11.06.2024 - HBI Stock was up 6.7%

• HanesBrands (HBI) stock closed the day with a 1.72% increase, outperforming the overall market returns.
• The positive movement could be attributed to favorable market conditions and investor confidence in the company's performance.
• The recent uptick in HBI's stock price may also be influenced by positive developments within the apparel industry or specific company news.
• Overall, HBI's bullish movement reflects investor optimism and potential growth prospects for the company in the near future.

22.06.2024 - HBI Stock was down 5.4%

• HBI stock saw a significant decline, closing at $5.42, marking a -1.28% drop from the previous day.
• The focus on small cap value stocks may have shifted investor attention away from HBI, resulting in a sell-off.
• Investor concerns about HBI's performance or outlook could be driving them to sell off their positions in the stock.
• The negative movement in HBI may also be affected by broader market trends impacting the stock negatively compared to the overall market.

19.06.2024 - HBI Stock was down 5.1%

• HanesBrands (HBI) closed at $5.42, experiencing a significant bearish movement of -1.28% from the previous day.
• The bearish trend in HBI could be linked to broader market factors affecting the retail sector.
• Investor concerns about HanesBrands' performance amidst growing competition and changing consumer preferences may have contributed to the negative movement.
• Specific company-related news or financial indicators impacting investor confidence could also have influenced the downward trend in HBI.

26.06.2024 - HBI Stock was up 7.1%

• HanesBrands (HBI) experienced a strong bullish movement, soaring 5.8% in the trading session.
• The stock's bullish momentum could be attributed to higher-than-average trading volume, indicating increased investor interest.
• Despite concerns about the latest trend in earnings estimate revisions, the market showed confidence in HanesBrands, leading to its significant upward movement.
• Investors may have been optimistic about the company's future prospects, driving the stock higher despite the overall market being flat.

25.06.2024 - HBI Stock was up 5.8%

• HanesBrands (HBI) experienced a strong bullish movement today, outperforming the market.
• The flat performance might have been a brief consolidation period before the bullish breakout.
• Discussions on small cap value stocks could have sparked investor interest in HanesBrands as a potential value play, contributing to the stock's positive movement.
• Despite recent negative movement, the overall bullish sentiment in the market could have outweighed this, leading to HanesBrands' upward trajectory.

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.

02.07.2024 - HBI Stock was down 6.4%

• HanesBrands (HBI) stock experienced a bearish movement, dropping by -1.95% despite overall market gains.
• The bearish trend could be attributed to profit-taking by investors after a period of price appreciation.
• The lackluster performance might also be influenced by concerns over consumer spending habits or competitive pressures in the apparel industry.
• The market may be reacting to broader economic indicators or sector-specific news impacting retail companies 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.