Back to top

Hanesbrands (HBI) Catches Eye: Stock Jumps 6.1%
February 15, 2018

Read MoreHide Full Article

Hanesbrands Inc. (HBI - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 5.7% in the past one-month time frame.

The move came after the company reported the completion of the acquisition of the Australian apparel seller Bras N Things.

The company has seen four negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Hanesbrands currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.  

A better-ranked stock in the Textile - Apparel industry is Columbia Sportswear Company (COLM - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is HBI going up? Or down? Predict to see what others think: Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Columbia Sportswear Company (COLM) - free report >>

Hanesbrands Inc. (HBI) - free report >>


More from Zacks Tale of the Tape

You May Like