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S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
Is Gold Really Boring? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
Is Gold Really Boring? (Ad)
3 Reasons This Tech Giant Is Going Back To Highs
A small venture capital player becomes a symbol in the fight over corporate diversity policies
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
5 Reasons Why Amprius is About to Take Flight 
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
Is Gold Really Boring? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
Is Gold Really Boring? (Ad)
3 Reasons This Tech Giant Is Going Back To Highs
A small venture capital player becomes a symbol in the fight over corporate diversity policies
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
5 Reasons Why Amprius is About to Take Flight 
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
Is Gold Really Boring? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
Is Gold Really Boring? (Ad)
3 Reasons This Tech Giant Is Going Back To Highs
A small venture capital player becomes a symbol in the fight over corporate diversity policies
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
5 Reasons Why Amprius is About to Take Flight 
NYSE:HBI

Hanesbrands (HBI) Stock Forecast, Price & News

$4.38
-0.12 (-2.67%)
(As of 09/20/2023 ET)
Compare
Today's Range
$4.37
$4.60
50-Day Range
$4.38
$5.56
52-Week Range
$3.85
$8.80
Volume
6.38 million shs
Average Volume
5.62 million shs
Market Capitalization
$1.53 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.64

Hanesbrands MarketRank™ Forecast

Analyst Rating
Reduce
1.83 Rating Score
Upside/​Downside
28.8% Upside
$5.64 Price Target
Short Interest
Healthy
12.74% of Float Sold Short
Dividend Strength
N/A
Sustainability
-4.07
Upright™ Environmental Score
News Sentiment
1.03mentions of Hanesbrands in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
221.74%
From $0.23 to $0.74 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Consumer Discretionary Sector

181st out of 269 stocks

Apparel & Accessory Stores Industry

3rd out of 8 stocks


HBI stock logo

About Hanesbrands (NYSE:HBI) Stock

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 Price History

HBI Stock News Headlines

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Debt-Saddled Hanesbrands Might Sell Champion
HanesBrands To Evaluate Strategic Options For Global Champion Business
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Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
HanesBrands Seeks Strategic Options For Global Champion Business
Wells Fargo Keeps Their Sell Rating on Hanesbrands (HBI)
Hanesbrands: Progress Continues, Reiterate Buy
Hanesbrands Activist Broke Up L Brands
See More Headlines
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HBI Company Calendar

Last Earnings
8/10/2023
Today
9/21/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Apparel & accessory stores
Sub-Industry
Apparel Accessories & Luxury Goods
CUSIP
41034510
Fax
N/A
Employees
51,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.64
High Stock Price Forecast
$7.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+28.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$-127,200,000.00
Pretax Margin
1.26%

Debt

Sales & Book Value

Annual Sales
$6.23 billion
Cash Flow
$1.27 per share
Book Value
$1.14 per share

Miscellaneous

Free Float
348,662,000
Market Cap
$1.53 billion
Optionable
Optionable
Beta
1.65
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Key Executives

  • Mr. Stephen B. BratspiesMr. Stephen B. Bratspies (Age 55)
    CEO & Director
    Comp: $1.47M
  • Ms. Kristin L. Oliver (Age 51)
    Exec. VP & Chief HR Officer
    Comp: $685.34k
  • Mr. Michael E. FairclothMr. Michael E. Faircloth (Age 57)
    Exec. VP of Supply Chain - Global
    Comp: $1.25M
  • Mr. Joseph W. CavaliereMr. Joseph W. Cavaliere (Age 60)
    Group Pres of Global Innerwear
    Comp: $1.01M
  • Mr. Markland Scott Lewis (Age 52)
    CFO, Chief Accounting Officer, Sr. VP & Controller
  • Mr. Thomas C. Robillard Jr.
    Chief Investor Relations Officer
  • Ms. Tracy M. Preston Esq. (Age 57)
    Exec. VP, Chief Legal & Compliance Officer and Corp. Sec.
  • Mr. Gerald W. Evans Jr. (Age 64)
    Advisor
  • Ms. Tanya Deans
    Pres of Hanes Australasia
  • Ms. Jane Newman
    Chief Design Officer of Global Innerwear













HBI Stock - Frequently Asked Questions

Should I buy or sell Hanesbrands stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hanesbrands in the last twelve months. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" HBI shares.
View HBI analyst ratings
or view top-rated stocks.

What is Hanesbrands' stock price forecast for 2023?

6 Wall Street analysts have issued twelve-month target prices for Hanesbrands' shares. Their HBI share price forecasts range from $5.00 to $7.00. On average, they expect the company's share price to reach $5.64 in the next year. This suggests a possible upside of 28.8% from the stock's current price.
View analysts price targets for HBI
or view top-rated stocks among Wall Street analysts.

How have HBI shares performed in 2023?

Hanesbrands' stock was trading at $6.36 on January 1st, 2023. Since then, HBI shares have decreased by 31.1% and is now trading at $4.38.
View the best growth stocks for 2023 here
.

Are investors shorting Hanesbrands?

Hanesbrands saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 44,110,000 shares, a drop of 5.3% from the August 15th total of 46,570,000 shares. Based on an average daily trading volume, of 7,640,000 shares, the days-to-cover ratio is presently 5.8 days. Currently, 12.7% of the company's shares are sold short.
View Hanesbrands' Short Interest
.

When is Hanesbrands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our HBI earnings forecast
.

How were Hanesbrands' earnings last quarter?

Hanesbrands Inc. (NYSE:HBI) issued its earnings results on Thursday, August, 10th. The textile maker reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The textile maker had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.46 billion. Hanesbrands had a negative net margin of 6.61% and a positive trailing twelve-month return on equity of 22.89%. The business's revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS.
Read the conference call transcript
.

How often does Hanesbrands pay dividends? What is the dividend yield for Hanesbrands?

Hanesbrands declared a quarterly dividend on Wednesday, November 9th. Shareholders of record on Tuesday, November 22nd will be paid a dividend of $0.15 per share on Tuesday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.70%. The ex-dividend date is Monday, November 21st.
Read our dividend analysis for HBI
.

What ETFs hold Hanesbrands' stock?
When did Hanesbrands' stock split?

Shares of Hanesbrands split on the morning of Wednesday, March 4th 2015. The 4-1 split was announced on Wednesday, January 28th 2015. The newly created shares were payable 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.

How will Hanesbrands' stock buyback program work?

Hanesbrands announced that its Board of Directors has approved a share buyback plan on Thursday, February 3rd 2022, which allows the company to repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 10.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

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

Hanesbrands issued an update on its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of $0.07-$0.13 for the period, compared to the consensus estimate of $0.20. The company issued revenue guidance of $1.52 billion-$1.57 billion, compared to the consensus revenue estimate of $1.68 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).

What is Hanesbrands' stock symbol?

Hanesbrands trades on the New York Stock Exchange (NYSE) under the ticker symbol "HBI."

Who are Hanesbrands' major shareholders?

Hanesbrands' stock is owned by many different institutional and retail investors. Top institutional shareholders include Cooke & Bieler LP (6.79%), State Street Corp (3.82%), New South Capital Management Inc. (2.31%), Geode Capital Management LLC (1.94%), ArrowMark Colorado Holdings LLC (1.44%) and Dimensional Fund Advisors LP (1.36%). Insiders that own company stock include Bobby J Griffin, Cheryl K Beebe, Franck J Moison, James C Johnson, Joia M Johnson, Joseph W Cavaliere, Michael E Faircloth, Ronald L Nelson, Stephen B Bratspies, Tracy M Preston and W Howard Upchurch Jr.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Hanesbrands' stock price today?

One share of HBI stock can currently be purchased for approximately $4.38.

How much money does Hanesbrands make?

Hanesbrands (NYSE:HBI) has a market capitalization of $1.53 billion and generates $6.23 billion in revenue each year. The textile maker earns $-127,200,000.00 in net income (profit) each year or ($1.12) on an earnings per share basis.

How many employees does Hanesbrands have?

The company employs 51,000 workers across the globe.

How can I contact Hanesbrands?

Hanesbrands' mailing address is 1000 EAST HANES MILL ROAD, WINSTON-SALEM NC, 27105. The official website for the company is www.hanes.com. The textile maker can be reached via phone at (336) 519-8080 or via email at ir@hanes.com.

This page (NYSE:HBI) was last updated on 9/21/2023 by MarketBeat.com Staff

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