The diversified apparel maker, parent of brands like Hanes, Maidenform, and Champion, saw its stock steadily decline during a tough year for the apparel industry in general. Weaker-than-expected growth at Hanesbrands seemed to be the key culprit: HBI data by YCharts. So what
Full Answer
Is hanesbrands a good investment?
HBI has a C grade for Quality and Stability. The company's mixed financials are consistent with the Quality grade. In addition, the stock's 1.50 beta is in sync with the Stability grade. Among the 68 stocks in the A-rated Fashion & Luxury industry, HBI is ranked #54.
Why is Hanes stock so low?
Hanesbrands has long been battling soft sales at its Innerwear segment, which accounted for nearly 31% of the company's top line in the third quarter of 2019. In the quarter, sales in the segment dropped 3.5% due to an adverse back-to-school retail environment, which impacted Innerwear basics.
Is Hanesbrands undervalued?
Hanesbrands appears to be undervalued at this time as investors are not giving it credit for potentially higher growth and a steady return of capital to shareholders. If the company reaches its Full Potential goals by 2024, then I would use the phrase significantly undervalued at this time.
What company owns Hanesbrands?
Hanes, Inc.Hanes (founded in 1900) and Hanes Her Way (founded in 1985) is a brand of clothing....Hanes.TypeBrandProductsUnderwear, casualwear, hosiery and socksOwnerHanes, Inc.ParentHanesbrandsWebsitewww.hanes.com5 more rows
Does Hanes own Champion brand?
Hanesbrands owns several clothing brands, including Hanes, Champion, Playtex, Bali, L'eggs, Just My Size, Barely There, Wonderbra, Maidenform, Berlei, and Bonds.
Is Hanes a Fortune 500 company?
Winston-Salem-based apparel maker Hanesbrands Inc. has landed on the Fortune 500 list of the nation's largest companies by revenue for the first time.
Does Hanesbrands own under Armour?
GEAR for Sports, a Division of HanesbrandsInc Every Under Armour® product is doing something for you; it's making you better.
What is Hanesbrands net worth?
$3.66BHanesbrands net worth as of June 29, 2022 is $3.66B. Hanesbrands Inc.
When did Hanesbrands go public?
Sept. 6, 2006Hanesbrands stock will begin trading tomorrow, Sept. 6, 2006, on the New York Stock Exchange under the ticker symbol HBI.
What happened
Shares of Hanesbrands Inc. ( HBI 0.33% ) were looking threadbare last year, falling 26%, according to data from S&P Global Market Intelligence. The diversified apparel maker, parent of brands like Hanes, Maidenform, and Champion, saw its stock steadily decline during a tough year for the apparel industry in general.
So what
Shares of the company plummeted sharply after the company reported fourth-quarter 2015 earnings. The stock dropped 15% as it missed earnings estimates and reported slower-than-expected sales growth. Adjusted earnings per share improved from $0.36 to $0.44, but that was short of expectations of $0.46.
Now what
Hanesbrands' business performance for 2016 was decent, but the stock seemed to get dinged for carrying a price-to-earnings ratio near 30 at the beginning of the year. With a couple of solid acquisitions last year and a more modest valuation, the company should be in a better position for 2017.
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Shares of the clothing and underwear maker took it on the chin even though its first-quarter earnings were pretty good
Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.
What happened
Shares of HanesBrands ( NYSE:HBI), which makes clothing and undergarments, sold off sharply at the open on Tuesday. At one point in the first half-hour of trading, the stock was down by as much as 15%.
So what
HanesBrands reported top-line sales of $1.51 billion, up 25% year over year. Wall Street was expecting sales to come in at $1.5 billion, so that was a slight beat. On the bottom line, adjusted earnings were $0.39 per share in Q1, up from $0.07 per share in the prior-year period. Analysts had been forecasting $0.26 per share.
Now what
Even after factoring in Tuesday morning's drop, HanesBrands stock has roughly doubled in the past year. It is also 30% above where it ended 2019. And yet, even if it hits the top end of its current guidance range for 2021, earnings will be lower this year than they were in 2019.
