Hbi stock price forecast short interest in the stock has

Short interest in the stock has slightly declined, which supports a firmer "hbi stock price forecast" stance among some traders for mid-year. Reduced bearish bets often precede short-term rallies in mid-cap consumer goods names. For 2024, net sales from continuing operations are anticipated to be $5.35-$5.47 billion, including anticipated headwinds of almost $50 million from the U.S. Hosiery divestiture and a currency headwind of nearly $35 million. The midpoint of the guidance suggests a nearly 4% year-over-year decline on a reported basis and an approximately 2% decline on an organic basis at cc. Adjusted operating profit from continuing operations is likely to be $500-$520 million, including a currency headwind expectation of roughly $5 million. Adjusted earnings per share (EPS) from continuing operations is envisioned to be 42-48 cents. Cash flow from operations is forecast to be nearly $400 million, while capital investments are estimated to be almost $75 million. For first-quarter 2024, net sales from continuing operations are expected to be $1.13-$1.19 billion, including a projected headwind of nearly $13 million from currency rates. The midpoint of the guidance suggests a nearly 16% year-over-year decline on a reported basis and an approximately 14% decline on an organic basis at cc. Adjusted operating profit from continuing operations is expected to be $60-$80 million. Adjusted loss from continuing operations is envisioned to be 4-10 cents per share. HBI’s shares have increased 13.2% in the past three months compared with the industry’s 13.5% decline. Our video reports and analysis, with early access to exclusive, subscriber-only videos Wall Street’s consensus "hbi stock price forecast" has shifted marginally upward after Q1 earnings slightly beat expectations on EPS, with adjusted operating profit growing 6% year over year.