Hbi stock price forecast the "hbi stock price forecast"

The "hbi stock price forecast" remains cautiously optimistic for Q3 2024, with analysts eyeing a potential recovery towards the $6.20–$6.50 range, given improving retail inventory levels and easing cotton prices. Short-term volatility could persist as consumer discretionary spending remains uneven. The Zacks Rank #3 (Hold) company ended the quarter with cash and cash equivalents of $205.5 million, long-term debt of $3,235.6 million and total stockholders’ equity of $419.4 million. It had roughly $1.1 billion of available capacity under its credit facility at the end of the quarter. For the quarter, the company provided $274 million in net cash from operating activities. Free cash flow was $266 million in the fourth quarter of 2023. Wall Street analysts have issued reports on $HBI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings. Peer comparison in the apparel sector shows Hanesbrands trading at a discount on forward P/E metrics, which could attract value-oriented funds and support an improved "hbi stock price forecast" trajectory.