Hanesbrands was initially published as one of our 7investing Community's New Ideas in September 2024

Discuss Hanesbrands in our Community Forum

Background

The following comes directly from our initial Community recommendation. 7investing's opinions may differ from the person(s) who submitted this community research.

Hanes is a household name. The stock is in a technical uptrending channel. A recent 13g was filed for 7.8% ownership of outstanding shares. For fundamentals the market cap is around 2b but they just sold Champion for 1.2b to help pay down debt.

Estimated to post positive earnings this quarter. I’ve been a shareholder from 4.77. Would like to see market beating returns in the short and long term.