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Hanesbrands Inc. (HBI) is a consumer goods company. The firm designs, manufactures, sources, and sells various basic apparels primarily in the United States.
The company operates in four segments: Innerwear, Activewear, Direct to Consumer, and International.
It sells basic branded products under the product categories of mens underwear, childrens underwear, socks, and intimate apparel, including bras, panties, hosiery, and shape wear.
The company also offers basic branded products that are primarily seasonal in nature under the product category of activewear, such as T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores and other channels. In addition, it licenses its Champion name for footwear and sports accessories.
The company provides its products under the Hanes, Champion, C9 by Champion, Bali, Playtex, Maidenform, JMS/Just My Size, Leggs, Flexees, barely there, Wonderbra, Gear for Sports, Lilyette, Zorba, Rinbros, and Sol y Oro, as well as Kendall, Polo Ralph Lauren, Track N Field, Ritmo, Donna Karan, and DKNY names. It offers its products through retailers, wholesalers, and third party embellishers, as well as directly to consumers.
The company sells its products directly to consumers through 268 outlet stores, as well as through its Websites operating under the Hanes, One Hanes Place, JMS/Just My Size, Champion, and Maidenform names. It also sells its products in Asia, Latin America, Canada, Australia, Europe, the Middle East, Africa, and the Caribbean.
Shares have formed a bullish "flag" following the firm's solid results, and after the firm guided higher going forward. Higher share prices are expected for this stock.
52-Week Trading Range: $58.13 - $106.62
Entry Point: $101.41
Stop Loss: $96.33
Target Price: $111.55
HBI closed at $102.80 after its 30-days expired without reaching our target price.
