HBI Price Prediction Next Week
Analysis and Insights
News Impact Analysis:
Hanes and Urban Outfitters Collaboration: HanesBrands (HBI) has launched an exclusive capsule collection with Urban Outfitters, blending nostalgia with modern fashion trends. This collaboration could enhance brand visibility and potentially drive sales, especially among younger consumers.
Target's New Partnership with Champion: Target announced a multi-year deal with Champion, which was previously part of HanesBrands. This could increase competition in the apparel market, potentially impacting HanesBrands' market share.
Technical Analysis:
- RSI (14): 41.65, indicating the stock is oversold and may be due for a rebound.
- MACD: Slightly negative but nearing a bullish crossover, suggesting potential upward momentum.
- Fibonacci Levels:
- Pivot: 5.93
- Resistance Levels: 6.12 (R1), 6.23 (R2)
- Support Levels: 5.74 (S1), 5.63 (S2)
Price Forecast:
Based on the analysis, HBI is expected to rise slightly next week, targeting the R1 level of 6.12. The stock is near oversold territory, and the collaboration with Urban Outfitters could provide a bullish catalyst.
Recommendation:
Buy HBI with a target price of $6.20 and a stop-loss at $5.74.
HBI Similar Chart Price Prediction
The price of HBI is predicted to go up 8.96%, based on the high correlation periods with EPAM. The similarity of these two price pattern on the periods is 98.48%.
HBI
EPAM
Up: 8.96%Similarity: 98.48%
HBI Revenue Forecast
HBI EPS Forecast
HBI FAQs
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HBI VS S&P500
Hanes' Champion is a contender in the hot but crowded athleisure space. The brand is already well known in North America and parts of Europe, and there is significant potential in China and other underpenetrated markets.
Hanesbrands has successfully introduced brand extensions that have allowed it to expand shelf space and increase price points in the typically staid category of basic apparel.
Hanes paid down more than $500 million in debt in 2023 and is poised for another $300 million in debt reduction in 2024. Its paydown will be even greater if Champion is sold.
HBI Analyst's Forecast
Jim Duffy
Stifel
Hold
2025-02-14
Price Target
$8 → $7
Upside
+19.05%
Stifel lowered the firm's price target on Hanesbrands to $7 from $8 and keeps a Hold rating on the shares. The firm views shares as "appropriately balancing" opportunities with risks inherent to the sluggish category and leadership transition, adding that it needs a more tangible case for sustainable revenue growth to turn more constructive.
Jay Sole
UBS
Hold → Strong Buy
2024-11-26
Price Target
$9 → $11
Upside
+24.43%
Adrienne Yih
Barclays
Hold
2024-11-11
Price Target
$6 → $7
Downside
-11.39%
