Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear, activewear, and socks, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels. The company licenses its Champion name for footwear and sports accessories. Hanesbrands Inc. provides its products primarily under the Hanes, Champion, Maidenform, JMS/Just My Size, Bali, Polo Ralph Lauren, Playtex, DKNY, Alternative, Gear for Sports, Hanes Beefy-T, Bonds, DIM, Sheridan, Bras N Things, Nur Die/Nur Der, Lovable, Wonderbra, Berlei, Abanderado, Shock Absorber, Zorba, Explorer, Sol y Oro, and Bellinda brand names. The company markets its products through retailers, wholesalers, and third party embellishers, as well as directly to consumers through Internet. As of January 2, 2021, it operated 245 retail and direct outlet stores in the United States and the Commonwealth of Puerto Rico, as well as 757 retail and outlet stores internationally. The company also sells its products in Europe, Australia, Asia, Latin America, Canada, the Middle East, Africa, Mexico, and Brazil. Hanesbrands Inc. was founded in 1901 and is headquartered in Winston-Salem, North Carolina.
IPO Year:
Exchange: NYSE
Website: hanes.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/26/2024 | $9.00 → $11.00 | Neutral → Buy | UBS |
| 11/10/2022 | $10.00 → $7.00 | Outperform → Neutral | Credit Suisse |
| 10/31/2022 | $13.00 → $5.00 | Overweight → Underweight | Wells Fargo |
| 7/13/2022 | Outperform → In-line | Evercore ISI | |
| 6/8/2022 | $18.00 → $13.00 | Overweight → Equal Weight | Barclays |
| 5/6/2022 | $26.00 → $13.00 | Buy → Hold | Stifel |
| 2/4/2022 | $26.00 → $23.00 | Outperform | Credit Suisse |
| 10/15/2021 | $24.00 → $22.00 | Overweight | Wells Fargo |
| 10/5/2021 | $18.00 | Neutral | Wedbush |
| 8/6/2021 | $23.00 → $26.00 | Overweight | Barclays |
4 - Hanesbrands Inc. (0001359841) (Issuer)
4 - Hanesbrands Inc. (0001359841) (Issuer)
4 - Hanesbrands Inc. (0001359841) (Issuer)
4 - Hanesbrands Inc. (0001359841) (Issuer)
4 - Hanesbrands Inc. (0001359841) (Issuer)
4 - Hanesbrands Inc. (0001359841) (Issuer)
4 - Hanesbrands Inc. (0001359841) (Issuer)
4 - Hanesbrands Inc. (0001359841) (Issuer)
4 - Hanesbrands Inc. (0001359841) (Issuer)
4 - Hanesbrands Inc. (0001359841) (Issuer)
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Reports better-than-expected fourth-quarter and full-year 2024 results. Announced agreement to exit Champion Japan license and moved business to discontinued operations in fourth-quarter 2024. Results not directly comparable to prior guidance--see earnings handout for additional information. Net sales for the quarter of $888 million increased 4.5% over prior year, or 3.8% on an organic constant currency basis. GAAP and Adjusted operating margins for the quarter were 13.5% and 14.2%, respectively, an increase of 240 and 300 basis points, respectively, compared to prior year. GAAP earnings per share (EPS) of $0.13 and Adjusted EPS of $0.17. Generated full-year cash flow from o
HanesBrands (NYSE:HBI), a global leader in iconic apparel brands, today announced that Sharilyn Gasaway has been appointed to the Company's board of directors. Gasaway's term runs through the 2025 annual meeting of stockholders, and she will serve on the Audit Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240710730712/en/HanesBrands announced that Sharilyn Gasaway has been appointed to the Company's board of directors. Gasaway's term runs through the 2025 annual meeting of stockholders, and she will serve on the Audit Committee. (Photo: Business Wire) Gasaway brings experience from her time at Alltel Corporation wher
Chair Mary J. Guilfoile, Who Has Served With Distinction, to Step Down Following the 2024 Annual Meeting William S. Simon and Jill Sutton, Who Collectively Possess Experience in Capital Allocation, Corporate Governance and Transformations, Have Been Added to the Board Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Mary J. Guilfoile will step down as Chair and retire from the Board of Directors (the "Board") following the 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Board will elect a new Chair following Ms. Guilfoile's retirement. Add
Announces Expansion of Slate to Eight Highly Qualified Director Candidates With Strong Track Records of Value Creation, Expertise in Successful Succession Planning, and Relevant Industry and Governance Experience Informs Shareholders That Browning West Has Requested the Special Meeting Be Held Without Delay Urges Gildan's Board to Respect the Will of Shareholders and Not Employ Tactics to Unreasonably Delay Special Meeting Browning West, LP (together with its affiliates, "Browning West" or "we") is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company"), beneficially owning approximately 5.0% of the Company's outstanding shares.
Special Meeting Would Empower Shareholders to Improve Gildan's Board by Voting to Replace Five Incumbent Directors Replacement Slate Includes Five High Quality Director Candidates With Strong Track Records of Value Creation, Expertise in Successful Succession Planning, and Relevant Industry Experience Urges Gildan's Board to Refrain From Taking Actions to Entrench Itself or Delay the Special Meeting Browning West, LP (together with its affiliates, "Browning West" or "we") is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company"), beneficially owning approximately 5.0% of the Company's outstanding shares. Today, Browning West i
Simon to Succeed Ronald L. Nelson, Who Will Retire from the Board at Year-End Cheryl K. Beebe and Ann E. Ziegler Also to Retire, Returning Board Size to 10 Members HanesBrands (NYSE:HBI) today announced that its Board of Directors (the "Board") has appointed William S. Simon to serve as Chairman of the Board, effective December 31, 2023. His appointment follows Ronald L. Nelson's decision to retire as Chairman and a member of the Board at the end of the year. Mr. Simon has been a director at the Company since 2021 and has previously served on the Talent and Compensation Committee and the Governance and Nominating Committee. He is Executive Advisor to the KKR & Co. investment firm and
Colin Browne, Natasha Chand and John Mehas Further Strengthen Board, Bringing Operational and Retail Industry Experience Enters into Cooperation Agreement with Barington HanesBrands (NYSE:HBI) today announced that its Board of Directors (the "Board") has appointed Colin Browne, Natasha Chand and John Mehas as independent directors to the Board, effective immediately. Ronald L. Nelson, Chairman of the Board, said, "We are pleased to welcome Colin, Natasha and John as independent directors to the HanesBrands Board. They bring important relevant experience in retail, consumer brands and operations, and we look forward to gaining their insights as the Company continues to focus on driving
HanesBrands (NYSE:HBI), a leading global marketer of branded everyday apparel, today announced that Interim Chief Financial Officer Scott Lewis has been appointed Chief Financial Officer, effective immediately. Lewis will also continue in his role as Chief Accounting Officer, a position he has held since 2015. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230711436333/en/HBI Interim Chief Financial Officer, Scott Lewis, has been appointed Chief Financial Officer, effective immediately. (Photo: Business Wire) A 17-year veteran of HanesBrands with an extensive background in accounting, tax, controllership, and external reporting,
Bobby J. Griffin to Retire from Board HanesBrands Inc. (NYSE:HBI), a global leader in iconic apparel brands, today announced that Mark Irvin has been appointed to the company's board of directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230227005259/en/HanesBrands Appoints Mark Irvin to Board of Directors (Photo: Business Wire) The company also announced that Bobby J. Griffin, a director since 2006, plans to retire from the board when his current term ends at the 2023 annual meeting of stockholders. Irvin's term runs through the 2024 annual meeting of stockholders. He will serve on the Governance and Nominating Committee
HanesBrands (NYSE:HBI), a global leader in iconic apparel brands, today announced that William S. Simon has been appointed to the company's board of directors. With the appointment of Simon, whose term runs until the 2022 annual meeting of stockholders, the company's board has 10 members. Simon will serve on the board's audit committee. "Bill brings extensive experience leading complex organizations and building global brands," said Steve Bratspies, chief executive officer, HanesBrands. "His knowledge of retail and consumer goods will be extremely valuable as we unlock growth by delivering innovative products and creating a seamless consumer experience." Simon is a senior advisor to the
Legendary Australian brand hits the U.S. market with a heavy dose of cheek and dead-serious comfort, featuring Aussie stars Robert Irwin & Tkay Maidza Bonds, the iconic Australian underwear brand trusted by Aussies for more than 100 years, is bringing its "Made for Down Under" comfort to the U.S. Known for keeping Aussie bums, boobs, and bits comfy with hardworking underwear, Bonds creates essentials built to handle whatever life throws at you. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250403400697/en/Bonds, the legendary Australian brand, hits the U.S. market with a heavy dose of cheek and dead-serious comfort, featuring A
Hanes is redefining comfort with its first-ever cross-category athleisure collection bringing bold design, smart performance features, and unbeatable value Hanes, America's No. 1 brand of basic apparel, is making "Moves"- literally! Introducing Hanes Moves, a game-changing collection designed for movement, versatility, and comfort you can live in all day long. Hanes Moves marks the brand's first-ever cross-category push in the athleisure space, with an extensive range of athletic-inspired innerwear and apparel for men, women, and children. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250311140106/en/Hanes is redefining comfort
HanesBrands Inc. (NYSE:HBI) today announced the completion of the refinancing of its 2026 maturities. The Company successfully closed on an upsized new senior secured term loan B facility in an aggregate principal amount of $1.1 billion maturing in 2032 (the "Term Loan B"), a new $750 million senior secured revolving credit facility maturing in 2030, and a new $400.0 million senior secured term loan A facility maturing in 2030 (the "Term Loan A"). The net proceeds from the Term Loan B, together with the proceeds from the Term Loan A, are being used to redeem the Company's outstanding 4.875% Senior Notes due 2026, to refinance the Company's existing senior secured credit facilities, and to p
The limited-edition collection revives iconic Hanes styles with a modern vibe for men and women who love timeless comfort Hanes, America's No. 1 brand of basic apparel, is drawing from its nearly 125-year legacy to release an exclusive collaboration with lifestyle retailer Urban Outfitters. The Hanes Heritage x Urban Outfitters capsule collection features 28 pieces of innerwear and apparel for men and women, blending nostalgia with the effortless style and self-expression that define today's fashion and culture. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250226296100/en/Hanes partners with Urban Outfitters to launch an exc
HanesBrands (NYSE:HBI) today announced that it has successfully priced its senior secured term loan B facility in an aggregate principal amount of $1.1 billion (the "Term Loan B") to replace the Company's existing $300 million Term Loan B due 2030 (the "Existing Term Loan B"). The Term Loan B will mature seven years after the date of closing, which is expected to occur in the next few weeks. The Term Loan B priced at SOFR + 275 basis points with an OID of 99 3/4. Additionally, HanesBrands announced a $750 million senior secured revolving credit facility (the "Revolver") due 2030 to replace the Company's existing $1.0 billion senior secured revolving credit due 2026 and a $400M Term Loan A f
Reports better-than-expected fourth-quarter and full-year 2024 results. Announced agreement to exit Champion Japan license and moved business to discontinued operations in fourth-quarter 2024. Results not directly comparable to prior guidance--see earnings handout for additional information. Net sales for the quarter of $888 million increased 4.5% over prior year, or 3.8% on an organic constant currency basis. GAAP and Adjusted operating margins for the quarter were 13.5% and 14.2%, respectively, an increase of 240 and 300 basis points, respectively, compared to prior year. GAAP earnings per share (EPS) of $0.13 and Adjusted EPS of $0.17. Generated full-year cash flow from o
Board Initiates Search for Hanes' Next CEO Steve Bratspies to Continue as CEO and Director Until Year-End or Successor Appointed HanesBrands (NYSE:HBI), a global leader in iconic apparel brands, today announced that Steve Bratspies will depart as Chief Executive Officer of the Company at the end of 2025, or upon the appointment of his successor. As part of the Company's leadership succession planning process, the Board has begun a comprehensive search to identify the Company's next CEO and has retained Spencer Stuart, a leading executive search firm, to support its work. Bratspies will step down from the Board of Directors concurrent with the end of his tenure as CEO. He will stay on in
HanesBrands Inc. (NYSE:HBI) today provided details for its fourth-quarter 2024 investor conference call at 8:30 a.m. ET Thursday, February 13, 2025. Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended December 28, 2024. Conference Call Details: To participate via telephone, please register in advance by clicking here or using this link: https://register.vevent.com/register/BIf1103633125944b797acafd899af3816 Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that ca
Survey Reveals Americans Hold Onto Undergarments for Longer Than They Should, Impacting Everyday Comfort HanesBrands Inc. (NYSE:HBI), a global leader in iconic apparel brands, is encouraging Americans to reassess their underwear and bra drawers as part of its latest campaign: "If You Wouldn't Flaunt It, Refresh It." A fresh wardrobe starts with comfortable undergarments, and according to a new survey of 2,000 U.S. adults commissioned by HanesBrands, many Americans are holding onto their underwear and bras far longer than recommended. In fact, the average person keeps their underwear for three years, with some hanging onto pairs for six years or more—long past their prime for comfort and f
Raises Full-Year and Fourth-Quarter Operating Profit, EPS, and Cash Flow Outlook On Track to Pay Down $1 Billion of Debt in Second-Half 2024 Reports net sales at the mid-point of expected range with operating profit and earnings per share (EPS) above the high-end of expected range. Raises full-year and fourth-quarter 2024 operating profit, earnings per share, and operating cash flow guidance due to year-to-date performance and strong visibility to continued margin improvement. Expects net sales at the mid-point of its prior guidance range. Net sales were $937 million; consistent with prior year on an organic constant currency basis. GAAP and Adjusted gross margins were 41.7% and 41
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Board Initiates Search for Hanes' Next CEO Steve Bratspies to Continue as CEO and Director Until Year-End or Successor Appointed HanesBrands (NYSE:HBI), a global leader in iconic apparel brands, today announced that Steve Bratspies will depart as Chief Executive Officer of the Company at the end of 2025, or upon the appointment of his successor. As part of the Company's leadership succession planning process, the Board has begun a comprehensive search to identify the Company's next CEO and has retained Spencer Stuart, a leading executive search firm, to support its work. Bratspies will step down from the Board of Directors concurrent with the end of his tenure as CEO. He will stay on in
HanesBrands Inc. (NYSE:HBI) today provided details for its fourth-quarter 2024 investor conference call at 8:30 a.m. ET Thursday, February 13, 2025. Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended December 28, 2024. Conference Call Details: To participate via telephone, please register in advance by clicking here or using this link: https://register.vevent.com/register/BIf1103633125944b797acafd899af3816 Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that ca
HanesBrands Inc. (NYSE:HBI) today provided details for its third-quarter 2024 investor conference call at 8:30 a.m. ET Thursday, November 7, 2024. Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended September 28, 2024. Conference Call Details: To participate via telephone, please register in advance by clicking here or using this link: https://register.vevent.com/register/BIa347ba7fd18c435485bb777041f4826d Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can b
HanesBrands Inc. (NYSE:HBI) today provided details for its second-quarter 2024 investor conference call at 8:30 a.m. ET Thursday, August 8, 2024. Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended June 29, 2024. Conference Call Details: To participate via telephone, please register in advance by clicking here or using this link: https://register.vevent.com/register/BI7814ae4a19684457a5bccf1f404295df Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be
HanesBrands (NYSE:HBI) today provided details for its first-quarter 2024 investor conference call at 8:30 a.m. ET Thursday, May 9, 2024. Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended March 30, 2023. Conference Call Details: To participate via telephone, please register in advance by clicking here or using this link: https://register.vevent.com/register/BI028ce83df51c4e9495063b02e4905b4f Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to
Exceeds year-end goals with respect to its four key 2023 performance metrics, despite a challenging sales environment. Sees positive inflection with respect to margins and leverage. Fourth quarter gross margin of 38.1% increased 400 basis points compared to prior year. Adjusted gross margin of 38.2% increased approximately 395 basis points over prior year, ahead of expectations. Unlocked tied-up working capital, ending the year with inventory below $1.4 billion, ahead of expectations. For full-year 2023, inventory improved 31% year-over-year, or $612 million. Generated $562 million of cash flow from operations, ahead of expectations. With stronger-than-expected operating cash f
HanesBrands (NYSE:HBI) today provided details for its fourth-quarter 2023 investor conference call at 8:30 a.m. ET Thursday, February 15, 2024. Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended December 30, 2023. Conference Call Details: To participate via telephone, please register in advance by clicking here or using this link: https://register.vevent.com/register/BIe86b3ad0591d4acea7536ecd0bc93f56 Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can
Continued improvement in key performance metrics, despite a challenging sales environment. GAAP gross margin of 31.1% decreased 260 basis points compared to prior year. Adjusted gross margin of 35.5% increased 100 basis points over prior year, ahead of expectations. Reduced inventory by 17%, or $319 million sequentially, and 29%, or $620 million year-over-year. Generated cash flow from operations of $155 million in the quarter and $287 million year-to-date. Reduced total debt by $144 million in the quarter and approximately $270 million year-to-date. Ended quarter with approximately $1.2 billion of liquidity. Company continues to expect to exit the year with meaningfully hig
HanesBrands (NYSE:HBI) today provided details for its third-quarter 2023 investor conference call at 8:30 a.m. ET Thursday, November 9, 2023. Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended September 30, 2023. Conference Call Details: To participate via telephone, please register in advance by clicking here or using this link: https://register.vevent.com/register/BIfe5b0989c96d45d89d28739597ffbe55 Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can
Reports second-quarter net sales, operating profit and EPS from continuing operations within its guidance range Reduced total debt by nearly $100 million in the quarter Further reduced inventory by 12%, or $255 million, as compared to prior year Generated cash flow from operations of $88 million in the quarter and $132 million year-to-date Company continues to expect to exit the year with meaningfully higher gross and operating margins and lower inventory. Company also continues to expect to pay down more than $400 million of debt in 2023. Provides third-quarter 2023 guidance, updates full-year outlook. HanesBrands Inc. (NYSE:HBI), a global leader in iconic apparel brands, t
UBS upgraded Hanesbrands from Neutral to Buy and set a new price target of $11.00 from $9.00 previously
Credit Suisse downgraded Hanesbrands from Outperform to Neutral and set a new price target of $7.00 from $10.00 previously
Wells Fargo downgraded Hanesbrands from Overweight to Underweight and set a new price target of $5.00 from $13.00 previously
Evercore ISI downgraded Hanesbrands from Outperform to In-line
Barclays downgraded Hanesbrands from Overweight to Equal Weight and set a new price target of $13.00 from $18.00 previously
Stifel downgraded Hanesbrands from Buy to Hold and set a new price target of $13.00 from $26.00 previously
Credit Suisse reiterated coverage of Hanesbrands with a rating of Outperform and set a new price target of $23.00 from $26.00 previously
Wells Fargo reiterated coverage of Hanesbrands with a rating of Overweight and set a new price target of $22.00 from $24.00 previously
Wedbush initiated coverage of Hanesbrands with a rating of Neutral and set a new price target of $18.00
Barclays reiterated coverage of Hanesbrands with a rating of Overweight and set a new price target of $26.00 from $23.00 previously