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News Breaks
November 29, 2012
16:12 EDTHBIHanesbrands sees Q4 EPS $1.00-$1.06, consensus $1.03
Sees Q4 revenue $1.13B-$1.17B, consensus $1.15B.
News For HBI From The Last 14 Days
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April 10, 2015
08:26 EDTHBIHanesbrands price target raised to $38 from $32.50 at Credit Suisse
Credit Suisse raised Outperform rated Hanesbrands price target to $38 to reflect the Knights Apparel acquisition and shifting market multiples.
April 8, 2015
08:31 EDTHBIHanesbrands completes acquisition of Knights Apparel
HanesBrands has completed the acquisition of Knights Apparel, a seller of licensed collegiate logo apparel in the mass retail channel. The acquisition from Merit Capital Partners closed as expected on April 6 with the all-cash transaction valuing Knights at approximately $200M on an enterprise basis. Hanes will discuss the expected acquisition-related expenses and sales and profit contributions for 2015 on its first-quarter 2015 investor conference call anticipated to be held in late April. With the addition of Knights, Hanes expects annualized sales of licensed and graphic apparel of more than $450M with significant growth potential for college licensed brands. Hanes funded the acquisition with cash on hand and short-term borrowings on its revolving credit facility.

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