NYSE:HBI

Hanesbrands (HBI) Stock Price, News & Analysis

$5.04
-0.08 (-1.56%)
(As of 05/17/2024 ET)
Today's Range
$5.01
$5.10
50-Day Range
$4.43
$5.80
52-Week Range
$3.54
$5.86
Volume
4.38 million shs
Average Volume
8.30 million shs
Market Capitalization
$1.77 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.00

Hanesbrands MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.7% Downside
$5.00 Price Target
Short Interest
Bearish
15.27% of Float Sold Short
Dividend Strength
N/A
Sustainability
-4.07
Upright™ Environmental Score
News Sentiment
0.56mentions of Hanesbrands in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
55.56%
From $0.45 to $0.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.45 out of 5 stars

Consumer Discretionary Sector

224th out of 269 stocks

Apparel & Accessory Stores Industry

2nd out of 6 stocks

HBI stock logo

About Hanesbrands Stock (NYSE:HBI)

Hanesbrands Inc. is a leading global consumer goods company in Winston-Salem, North Carolina. Founded in 1901, the company has a rich history of innovation and growth, with a portfolio of well-known brands, including Hanes, Champion, Maidenform, Playtex, Bali, and DIM. Hanesbrands' products are sold in more than 40 countries worldwide through various channels, including retail, e-commerce, and direct-to-consumer.

The current CEO of Hanesbrands is Stephen B. Bratspies, who joined the company in August 2020. Bratspies brings more than 25 years of experience in retail and consumer goods to his role at Hanesbrands, having served as Chief Merchandising Officer at Walmart U.S. and President of North American Laundry and Cleaning at Procter & Gamble.

Over the past few years, Hanesbrands has reported mixed financial performance. The company has reported around $6 billion in revenue for the past few years, but net income is either a loss or a negligible profit.  Regarding debt levels, Hanesbrands has been actively managing its balance sheet.

Hanesbrands' valuation metrics compare favorably to its industry peers. The company's price-to-earnings ratio is lower than industry peers, and its price-to-book was in line with industry peers. Hanesbrands' stock has had lackluster performance in recent years, with the company's share price decreasing by around 75% over the past two years. 

Hanesbrands operates in the highly competitive apparel and accessories industry, with changing consumer preferences and fast-paced innovation. The company's competitors include established brands such as Nike, Under Armour, and Levi Strauss & Co., as well as up-and-coming disruptors like Lululemon and Everlane.

One key trend in the industry is the shift towards sustainability and eco-friendliness, as consumers become more conscious of their environmental impact. Hanesbrands has responded to this trend by investing in sustainable materials and production methods, such as using recycled polyester in its products and implementing water-saving technologies in its factories.

Another trend in the industry is the rise of e-commerce and direct-to-consumer channels, as consumers increasingly shop online. Hanesbrands has been actively growing its e-commerce business, with online sales accounting for an increasing portion of total revenue. 

The apparel and accessories industry is also subject to various regulatory and political pressures. For example, there have been calls for greater transparency and accountability in supply chain management, particularly concerning labor practices and environmental impact. Hanesbrands has taken steps to address these concerns by implementing a Code of Conduct for suppliers and conducting regular audits of its supply chain.

Hanesbrands has several potential growth opportunities in the coming years. Innovation is a crucial area for the company. In 2021, the company launched its first line of sustainable underwear made from recycled polyester and organic cotton.

Hanesbrands also introduced a new line of temperature-regulating activewear designed to keep athletes cool and dry during intense workouts.

Another potential growth opportunity for Hanesbrands is through strategic acquisitions. In 2020, the company acquired Australian underwear and intimate apparel company Bras N Things, expanding its Asian-Pacific presence. Hanesbrands may continue to pursue acquisitions to diversify its product offerings further and expand into new markets.

Hanesbrands has the potential to grow its direct-to-consumer business through increased investment in e-commerce and digital marketing. The company has already made significant strides in this area, with the launch of its online store and a range of digital marketing campaigns aimed at engaging younger, tech-savvy consumers.

Like any company, Hanesbrands faces various risks and challenges that could impact its future performance. One key challenge is the highly competitive nature of the apparel and accessories industry, which is subject to rapidly changing consumer preferences and intense pricing pressures. Hanesbrands may need help maintaining its market share and pricing power in this environment, mainly if competitors can offer similar products at lower prices.

Hanesbrands may face regulatory and political challenges related to its supply chain management practices. If the company is found to violate labor or environmental regulations, this could lead to reputational damage and potential legal liabilities.

HBI Stock Price History

HBI Stock News Headlines

HanesBrands, TCU Extend Tie-up For 5 Years
HanesBrands and TCU Extend Long-Term Apparel Partnership
Barclays Boosts Hanesbrands (NYSE:HBI) Price Target to $5.00
Hanesbrands Inc. Q1 Loss Increases, But Beats Estimates
Hanesbrands earnings preview: what to expect
Validea Detailed Fundamental Analysis - HBI
See More Headlines
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Company Calendar

Last Earnings
5/09/2024
Today
5/17/2024
Next Earnings (Estimated)
8/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Apparel & accessory stores
Sub-Industry
Apparel Accessories & Luxury Goods
CUSIP
41034510
Fax
N/A
Employees
48,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.00
High Stock Price Target
$5.50
Low Stock Price Target
$4.50
Potential Upside/Downside
-0.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$-17,730,000.00
Pretax Margin
-0.61%

Debt

Sales & Book Value

Annual Sales
$5.64 billion
Cash Flow
$0.39 per share
Book Value
$0.96 per share

Miscellaneous

Free Float
349,946,000
Market Cap
$1.77 billion
Optionable
Optionable
Beta
1.62
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Key Executives


HBI Stock Analysis - Frequently Asked Questions

Should I buy or sell Hanesbrands stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hanesbrands in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HBI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HBI, but not buy additional shares or sell existing shares.
View HBI analyst ratings
or view top-rated stocks.

What is Hanesbrands' stock price target for 2024?

4 analysts have issued 12 month price objectives for Hanesbrands' shares. Their HBI share price targets range from $4.50 to $5.50. On average, they predict the company's stock price to reach $5.00 in the next year. This suggests that the stock has a possible downside of 0.7%.
View analysts price targets for HBI
or view top-rated stocks among Wall Street analysts.

How have HBI shares performed in 2024?

Hanesbrands' stock was trading at $4.46 on January 1st, 2024. Since then, HBI shares have increased by 12.9% and is now trading at $5.0350.
View the best growth stocks for 2024 here
.

When is Hanesbrands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 8th 2024.
View our HBI earnings forecast
.

How were Hanesbrands' earnings last quarter?

Hanesbrands Inc. (NYSE:HBI) announced its earnings results on Thursday, May, 9th. The textile maker reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.04. The textile maker had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.19 billion. Hanesbrands had a positive trailing twelve-month return on equity of 9.84% and a negative net margin of 0.42%. The business's revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) earnings per share.
Read the conference call transcript
.

What ETFs hold Hanesbrands' stock?

ETFs with the largest weight of Hanesbrands (NYSE:HBI) stock in their portfolio include Pacer US Small Cap Cash Cows 100 ETF (CALF).Invesco S&P SmallCap Consumer Discretionary ETF (PSCD).

When did Hanesbrands' stock split?

Hanesbrands's stock split on the morning of Wednesday, March 4th 2015. The 4-1 split was announced on Wednesday, January 28th 2015. The newly minted shares were distributed to shareholders after the closing bell on Tuesday, March 3rd 2015. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

What guidance has Hanesbrands issued on next quarter's earnings?

Hanesbrands issued an update on its second quarter 2024 earnings guidance on Thursday, May, 9th. The company provided EPS guidance of 0.070-0.110 for the period, compared to the consensus EPS estimate of 0.100. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 billion.

What is Gerald Evans Jr's approval rating as Hanesbrands' CEO?

68 employees have rated Hanesbrands Chief Executive Officer Gerald Evans Jr on Glassdoor.com. Gerald Evans Jr has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Hanesbrands own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hanesbrands investors own include AT&T (T), Intel (INTC), Pfizer (PFE), Bank of America (BAC), Ford Motor (F), General Electric (GE), CVS Health (CVS), Exxon Mobil (XOM), Walt Disney (DIS) and Cisco Systems (CSCO).

Who are Hanesbrands' major shareholders?

Hanesbrands' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.45%), Loews Corp (3.98%), New South Capital Management Inc. (2.16%), KLCM Advisors Inc. (0.41%), LSV Asset Management (0.34%) and Bard Financial Services Inc. (0.27%). Insiders that own company stock include Bobby J Griffin, Cheryl K Beebe, James C Johnson, Stephen B Bratspies and Tracy M Preston.
View institutional ownership trends
.

How do I buy shares of Hanesbrands?

Shares of HBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:HBI) was last updated on 5/17/2024 by MarketBeat.com Staff

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