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Stock Market & Financial Investment News

News Breaks
July 1, 2014
07:27 EDTHBIHanesbrands price target raised to $111 from $100 at FBR Capital
FBR Capital raised its price target for Hanesbrands to $111 following the company's acquisition of DBApparel. The firm keeps an Outperform rating on the stock.
News For HBI From The Last 14 Days
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September 12, 2014
10:00 EDTHBIOn The Fly: Analyst Initiation Summary
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06:32 EDTHBIHanesbrands initiated with a Buy at Wunderlich
Target $124.
September 5, 2014
10:14 EDTHBIUnifi unit, Hanesbrands enter long-term agreement
Effective as of September 1, Unifi Manufacturing, a subsidiary of Unifi (UFI), entered into a new long-term Yarn Purchase Agreement with Hanesbrands (HBI). The prior Yarn Purchase Agreement, dated November 6, 2009, between HBI and UMI, which had been extended through amendments while the parties negotiated the new Agreement, expired as of August 31. Pursuant to the Agreement, HBI will purchase certain yarns from UMI or other affiliates of the Registrant to fulfill a substantial portion of HBI’s Products requirements in the Western Hemisphere. The term of the Agreement will expire on June 30, 2018. However, the Agreement may be terminated earlier by either party upon the occurrence of certain specified events, such as the insolvency of the other party or a breach of the terms of the Agreement by the other party, subject to a cure period, or by HBI upon the occurrence of certain specified events, such as if UMI fails to deliver Products in conformity with HBI’s specifications, subject to a cure period, or by UMI due to nonpayment by HBI, subject to a cure period. The prices for the Products are either set forth in the Agreement or will be determined from time to time in accordance with the Agreement.
07:42 EDTHBIHanesbrands outlook has improved, says Wells Fargo
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