Hanesbrands Inc. (HBI) - NYSE
  • Tue, Jul. 26, 4:41 PM
    • Hanesbrands (NYSE:HBI) declares $0.11/share quarterly dividend, in line with previous.
    • Forward yield 1.66%
    • Payable Sept. 7; for shareholders of record Aug. 16; ex-div Aug. 12.
    | Tue, Jul. 26, 4:41 PM
  • Fri, Jul. 15, 7:06 AM
    • HanesBrands (NYSE:HBI), announces it completed the acquisition of Pacific Brands Limited.
    • Hanes acquired the publicly traded Pacific Brands for approximately $800M on an enterprise-value basis, or slightly more than 10X projected calendar 2016 EBITDA. Annualized sales for Pacific Brands' core Underwear and Sheridan divisions are approximately $600M.
    • The all-cash transaction is expected to deliver an after-tax internal rate of return in the mid-teens.
    • The Pacific Brands acquisition is the second that Hanes has completed in the past two weeks. The expected performance of Pacific Brands for the balance of the 2016 calendar fiscal year, as well as that of Champion Europe, acquired June 30, is already reflected in the company’s updated financial guidance announced May 31.
    • Source: Press Release
    | Fri, Jul. 15, 7:06 AM | 1 Comment
  • Mon, Jun. 13, 8:20 AM
    • HanesBrands (NYSE:HBI) announces an executive leadership succession plan.
    • Chairman and CEO Richard Noll will have his role to reduced to executive chairman.
    • Chief Operating Officer Gerald W. Evans will take over the CEO position.
    • Both moves will be effective on October 1.
    • Evans has also been appointed to the company’s Board of Directors, effective immediately. The appointment takes the size of the Hanes board to 11 members.
    • Source: Press Release
    | Mon, Jun. 13, 8:20 AM
  • Sat, May 14, 11:01 AM
    • The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L BrandsMacy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
    • The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
    • Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
    • Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
    • Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
    | Sat, May 14, 11:01 AM | 38 Comments
  • Thu, Apr. 28, 10:12 AM
    • Hanesbrands (NYSE:HBI) is higher after the company picked up Pacific Brands in a $800M deal. The early reaction from analysts and investors has been very favorable.
    • Deutsche Bank observes that the price paid for PacBrands didn't capture the long-term potential upside for the socks and underwear business.
    • UBS says the acquisition will add $0.25 to EPS and $2 to $3 to share price.
    • Morgan Stanley puts the deal value at $1.50 to $3 per share.
    • Hanesbrands is up 8.82% to cross over the $30 level for the first time since early February.
    • Previously: HanesBrands to buy Australia's Pacific Brands in ~$800M deal (April 27)
    | Thu, Apr. 28, 10:12 AM
  • Thu, Apr. 28, 9:16 AM
    | Thu, Apr. 28, 9:16 AM
  • Wed, Apr. 27, 7:21 PM
    • HanesBrands (NYSE:HBI) agrees to acquire Pacific Brands Ltd., Australia's leading underwear and intimate apparel company, in a deal valued at ~$800M on an enterprise value basis.
    • HBI says that under its ownership, Pacific Brands would have 2016 net sales in its core underwear and Sheridan businesses of ~A$800M (US$600M).
    • HBI expects the deal to be immediately accretive to EPS and deliver full benefits within three years, attaining ~$100M in adjusted operating profit and contributing ~$0.25 to adjusted EPS.
    • Now read HanesBrands: Too expensive, even after a nice bolt-on deal
    | Wed, Apr. 27, 7:21 PM
  • Wed, Apr. 27, 4:54 PM
    • Hanesbrands (NYSE:HBI) declares $0.11/share quarterly dividend, in line with previous.
    • Forward yield 1.58%
    • Payable June 7; for shareholders of record May 17; ex-div May 13.
    | Wed, Apr. 27, 4:54 PM
  • Fri, Apr. 22, 10:00 AM
    • Hanesbrands (HBI +3.9%) trades higher after delivering a strong Q1 report.
    • Acquisitions played a part in the company increasing its adjusted operating profit margin rate by 110 bps to 12.1%.
    • Sales by segment: Innerwear +1.3% to $560.7M, Activewear +2.8% to $309.5M, Direct to Consumer -1.9% to $69.8M, International -1.4% to $279.1M.
    • Looking ahead, Hanesbrands expects sales of $5.8B to $5.9B this year vs. $5.85B consensus.
    • Now read the Hanesbrands earnings call transcript
    | Fri, Apr. 22, 10:00 AM
  • Thu, Apr. 21, 5:39 PM
    • Top gainers, as of 5.25 p.m.: AMD +20.1%. CXRX +10.4%. HBI +6.4%. SKX +4.5%. MT +4.0%.
    • Top losers, as of 5.25p.m.: LAKE -15.3%. SAM -12.0%. GOOG -5.5%. HAL -5.2%. SBUX -4.9%.
    | Thu, Apr. 21, 5:39 PM | 9 Comments
  • Thu, Apr. 21, 4:17 PM
    • Hanesbrands (NYSE:HBI): Q1 EPS of $0.26 beats by $0.04.
    • Revenue of $1.22B (+0.8% Y/Y) beats by $10M.
    • Press Release
    | Thu, Apr. 21, 4:17 PM | 1 Comment
  • Wed, Apr. 20, 5:35 PM
    | Wed, Apr. 20, 5:35 PM | 22 Comments
  • Fri, Apr. 8, 10:47 AM
    • FBR analyst Susan Anderson thinks the acquisition by Hanesbrands (HBI -1.8%) of Champion Europe provides it with upside potential.
    • "HBI can continue to drive significant earnings power through its virtuous cycle of margin drivers (I2E), synergies, and cash flow/capital return/acquisitions," writes Anderson.
    • She notes the small deal size gives Hanebrands some room to pull the M&A trigger again.
    • FBR has Hanesbrands rated at Outperform with a $39 price target.
    • Now read HanesBrands acquires Champion Europe
    | Fri, Apr. 8, 10:47 AM | 4 Comments
  • Fri, Apr. 8, 10:17 AM
    • Apparel stocks are getting hammered after Gap's latest monthly sales dud creates a new ripple of worry.
    • There's a little bit of a failed feedback loop going on in the sector as teenagers/young adults skip mall visits to spend on other categories while sellers try to innovate their way out of the box. That innovation is leading to excess inventory which in turn leads to more painful discounting
    • Decliners include Lululemon (LULU -1.7%), Kate Spade (KATE -1.4%), Deckers Outdoor (DECK -2.5%), Coach (COH -1.6%), Michael Kors (KORS -2.1%), Columbia Sportswear (COLM -1.8%), Carter's (CRI -1.8%), Hanesbrands (HBI -1.3%), Ascena Retail (ASNA -3.9%), Nordstrom (JWN -3.4%), Chico's FAS (CHS -4.2%), Abercrombie & Fitch (ANF -4%), Urban Outfitters (URBN -2.6%), L Brands (LB -3%), Express (EXPR -2.4%), Guess (GES -2.9%), Tailored Brands (TLRD -1.9%) and Zumiez (ZUMZ -2.8%).
    • Now read Sell Your Apparel Stocks 
    | Fri, Apr. 8, 10:17 AM
  • Thu, Apr. 7, 2:07 PM
    • HanesBrands (HBI +3%) trades higher after announcing earlier in the day it snapped up Champion Europe for around $200M.
    • The acquisition gives the company trademark control of the Champion brand in Europe, the Middle East, and Africa. Champion Europe also operates 130 stores in Italy and Greece.
    • The deal is expected to close in the middle part of the year.
    • Now read Change In Sentiment Looms For Hanes Brands 
    | Thu, Apr. 7, 2:07 PM
  • Wed, Feb. 24, 5:39 PM
    • Top gainers, as of 5.25 p.m.: POWR +77.4%. DRII +17.7%. CRM +9.1%. HBI +8.0%. WLL +5.1%.
    • Top losers, as of 5.25p.m.: RATE -29.0%. RH -19.1%. RLYP -11.8%. VIPS -8.2%. IMAX -7.9%.
    | Wed, Feb. 24, 5:39 PM | 1 Comment
Company Description
Hanesbrands, Inc. is a consumer goods company, which is engaged in designing, manufacturing, sourcing and selling men's and women's basic apparel. The company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Innerwear segment focuses on core... More
Industry: Textile - Apparel Clothing
Country: United States