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 |
---|---|---|---|
11/10/2022 | $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 |
7/13/2021 | $23.00 | Equal-Weight → Overweight | Wells Fargo |
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HanesBrands Inc. (NYSE:HBI), a global leader in iconic apparel brands, today announced that it has completed the sale of the intellectual property and certain operating assets of the Company's global Champion business to Authentic Brands Group ("Authentic"). "Today marks a major milestone on our journey to strengthen and simplify our business and is the culmination of a significant team effort to position HanesBrands on the optimal path for the future," said Steve Bratspies, CEO. "With the successful completion of this transaction, combined with our internal cash generation, we expect to pay down approximately $1 billion of debt in the second half of 2024. Looking ahead, we believe we are
Reports solid second-quarter results with better-than-expected performance in U.S. innerwear business. Announced agreement to sell global Champion business and completed exit of U.S. outlet stores in July. Both businesses moved to discontinued operations in second-quarter 2024. These strategic actions fundamentally strengthen the Company, creating a more focused, simplified business with more consistent revenue growth, higher margins, strong cash generation, a strong competitive position, and multiple levers to unlock shareholder value over the next several years. Adjusts full-year 2024 guidance to reflect continuing operations, with continued visibility for strong profit and EPS
At Last, Intimates That Offer a Sanctuary on Your Skin Every Day of the Week Bali, America's number one national bra brand*, is launching its airiest, most breathable collection yet, Bali Breathe. Bali is introducing a fresh look that combines nearly a century of design expertise with a modern take on comfort and style. Bali Breathe redefines luxurious innerwear with an assortment of light-as-air body basics including bras, underwear, and shapewear. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801677981/en/Bali, America's number one national bra brand*, is launching its airiest, most breathable collection yet, Bali Breath
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), 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
Wipro to provide a range of services including AI, cloud, data and analytics, application management, cybersecurity, and consulting Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, has been chosen by Hanesbrands Inc. (NYSE:HBI), a global leader in iconic apparel brands, to further drive its digital transformation, business growth, and enhance long term profitability. Wipro has been a strategic partner for Hanesbrands over the years, working on several business and technology transformation programs. This deal extends the partnership to leverage Wipro's capabilities in application management, cybersecurity, intelligent automation,
Transaction Valued at $1.2 Billion With Potential to Achieve $1.5 Billion Based on Contingent Cash Consideration of up to $300 Million Increased Focus on Global Innerwear Business and Accelerated Debt Paydown Further Positions Company to Deliver Enhanced Value for Shareholders HanesBrands (NYSE:HBI), a global leader in iconic apparel brands, today announced that it has entered into a definitive agreement to sell the intellectual property and certain operating assets of the Company's global Champion business to Authentic Brands Group ("Authentic") for a transaction value of $1.2 billion, with the potential to reach up to $1.5 billion through an additional contingent cash consideration of
Developed in collaboration with Thera®, and tested with leading mental health experts, the Champion® Weighted Hoodie is launching in stores and online this September Today, Champion®, makers of authentic athletic apparel since 1919, revealed its newest product innovation prototype designed to champion mental health: the Champion Weighted Hoodie. Champion has a strong track record of innovation, from inventing the world's first hoodie over 80 years ago, to manufacturing the first sports bra, and now championing wearable weighted products and adaptive apparel. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240522145207/en/Today,
HanesBrands (NYSE:HBI), the world's largest supplier of collegiate fan apparel, announces a five-year extension of its current partnership with TCU, renewing the exclusive rights to manufacture and sell Horned Frog fanwear in the mass retail channel. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240516884351/en/HBI), the world's largest supplier of collegiate fan apparel, announces a five-year extension of its current partnership with TCU, renewing the exclusive rights to manufacture and sell Horned Frog fanwear in the mass retail channel. (Graphic: Business Wire)">HanesBrands (NYSE:HBI), the world's largest supplier of collegi
Net sales were $1.16 billion, the midpoint of the Company's expected range. GAAP and Adjusted gross margin of 39.9% increased 750 and 720 basis points, respectively, compared to prior year, ahead of expectations. GAAP operating profit was $52 million. Adjusted operating profit of $84 million exceeded the high-end of the Company's expectations. Reduced inventory 28% year-over-year. Generated cash flow from operations of $26 million. Further reduced leverage to 5.0 times net debt-to-adjusted EBITDA, 0.4 times lower than prior year and 0.2 times lower than year-end 2023. Ended quarter with over $1.2 billion of liquidity. Provides second-quarter 2024 guidance, including net sale
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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
Believes Hanesbrands Must Immediately Focus on Reducing Costs and Debt to Create Long-Term Shareholder Value Questions Ability of Current Board and Management Team to Effectively Lead the Business Barington Capital Group L.P. and its affiliates ("Barington"), a fundamental, value-oriented activist investor which is a shareholder of Hanesbrands Inc. (NYSE:HBI) ("Hanesbrands" or the "Company"), yesterday sent a letter to Ronald L. Nelson, Chairman of Hanesbrands, calling for immediate and decisive actions to create long-term value for shareholders. In its letter, Barington highlights that Hanesbrands' share price has declined by -51.6% in the last year alone.1 Barington believes this de
HanesBrands (NYSE:HBI) today provided details for its second-quarter 2023 investor conference call at 8:30 a.m. ET Thursday, August 10, 2023. Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended July 1, 2023. Conference Call Details: To participate via telephone, please register in advance by clicking here or using this link: https://register.vevent.com/register/BI1e96a8e053fb434f9245cdfe78dfca50 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 use
Reports first-quarter net sales, operating profit and EPS from continuing operations within its guidance range Generated positive cash flow and sequentially reduced inventory in the quarter Provides second-quarter 2023 guidance and reiterates full-year outlook, including the expectation to exit year with lower inventory, lower debt and meaningfully higher gross and operating margin run-rates HanesBrands Inc. (NYSE:HBI), a global leader in iconic apparel brands, today announced results for the first-quarter 2023. "We delivered first-quarter results in-line with our outlook, generated positive cash flow and reiterated our full-year outlook," said Steve Bratspies, CEO. "I want to t
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- SEC Filing
4 analysts have expressed a variety of opinions on Hanesbrands (NYSE:HBI) over the past quarter, offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 0 In the assessment of 12-month price targets, analysts unveil insights for Hanesbrands, presenting an average target of $5.12, a high estimate of $5.50, and a low estimate of $5.00. Witnessing a positive shift, the
Wedbush analyst Tom Nikic reiterates Hanesbrands (NYSE:HBI) with a Neutral and maintains $5 price target.
Hanesbrands Inc. (NYSE:HBI) shares are trading higher after the company inked a deal to sell its Champion business to Authentic Brands Group for a transaction value of $1.2 billion. The transaction value could reach up to $1.5 billion, including an additional contingent cash consideration of up to $300 million based on meeting performance thresholds. This agreement, unanimously approved by the HanesBrands Board of Directors, marks the successful conclusion of the company’s evaluation of various strategic options for the global Champion business. The transaction is subject to customary closing conditions and is expected to be finalized in the second half of 2024. Following the tra
Gainers Stitch Fix (NASDAQ:SFIX) stock rose 20.2% to $3.21 during Wednesday's pre-market session. The market value of their outstanding shares is at $385.7 million. As per the news, the Q3 earnings report came out yesterday. Hanesbrands (NYSE:HBI) stock rose 10.69% to $5.59. The company's market cap stands at $1.9 billion. Dream Finders Homes (NYSE:DFH) shares rose 9.36% to $28.97. The market value of their outstanding shares is at $2.7 billion. Lakeland Industries (NASDAQ:LAKE) stock increased by 7.74% to $20.31. The company's market cap stands at $149.8 million. As per the press release, Q1 earnings came out yesterday. Yoshiharu Global (NASDAQ:YOSH) stock moved upwards by 7.11% to $4.
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
Wells Fargo upgraded Hanesbrands from Equal-Weight to Overweight and set a new price target of $23.00
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
WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI), a leading global marketer of branded everyday basic apparel, today announced that financial executive Cheryl K. Beebe has been appointed to the company’s Board of Directors. With the appointment of Beebe, whose term runs until the 2021 annual meeting of stockholders, the HanesBrands Board has nine members. Beebe will serve on the Board’s audit committee. “Cheryl brings extensive experience in global strategy and a deep background in all aspects of financial operations,” said Steve Bratspies, chief executive officer, HanesBrands. “Her knowledge will be particularly valuable as we build our strategy to unlock long-term