Last $97.32 USD
Change Today -0.39 / -0.40%
Volume 370.1K
As of 12:23 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

hanesbrands inc (HBI) Snapshot

Open
$99.19
Previous Close
$97.71
Day High
$99.19
Day Low
$97.17
52 Week High
07/24/14 - $106.62
52 Week Low
10/9/13 - $58.13
Market Cap
9.7B
Average Volume 10 Days
713.0K
EPS TTM
$4.58
Shares Outstanding
99.6M
EX-Date
08/8/14
P/E TM
21.2x
Dividend
$1.20
Dividend Yield
1.03%
Current Stock Chart for HANESBRANDS INC (HBI)

hanesbrands inc (HBI) Details

Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells various basic apparels primarily in the United States. The company operates in four segments: Innerwear, Activewear, Direct to Consumer, and International. It sells basic branded products under the product categories of men’s underwear, children’s underwear, socks, and intimate apparel, including bras, panties, hosiery, and shape wear. The company also offers basic branded products that are primarily seasonal in nature under the product category of activewear, such as T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores and other channels. In addition, it licenses its Champion name for footwear and sports accessories. The company provides its products under the Hanes, Champion, C9 by Champion, Bali, Playtex, Maidenform, JMS/Just My Size, L’eggs, Flexees, barely there, Wonderbra, Gear for Sports, Lilyette, Zorba, Rinbros, and Sol y Oro, as well as Kendall, Polo Ralph Lauren, Track N Field, Ritmo, Donna Karan, and DKNY names. It offers its products through retailers, wholesalers, and third party embellishers, as well as directly to consumers. As of December 28, 2013, the company sells its products directly to consumers through 268 outlet stores, as well as through its Websites operating under the Hanes, One Hanes Place, JMS/Just My Size, Champion, and Maidenform names. It also sells its products in Asia, Latin America, Canada, Australia, Europe, the Middle East, Africa, and the Caribbean. Hanesbrands Inc. was founded in 2005 and is headquartered in Winston-Salem, North Carolina.

49,700 Employees
Last Reported Date: 02/6/14
Founded in 2005

hanesbrands inc (HBI) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.1M
Chief Financial Officer
Total Annual Compensation: $575.0K
Chief Operating Officer
Total Annual Compensation: $735.4K
Chief Legal Officer, General Counsel and Corp...
Total Annual Compensation: $435.0K
Compensation as of Fiscal Year 2013.

hanesbrands inc (HBI) Key Developments

Hanesbrands Inc. and MFB International Holdings S.a.r.l. Enters into a Second Amended and Restated Credit Agreement with the Financial Institutions

Hanesbrands Inc., along with MFB International Holdings S.a.r.l. entered into a Second Amended and Restated Credit Agreement with the various financial institutions and other persons from time to time party thereto (Lenders), Suntrust Bank and Branch Banking & Trust Company, as the co-documentation agents, Bank of America, N.A. and PNC Bank, National Association, as the co-syndication agents, JPMorgan Chase Bank, N.A., as the administrative agent and the collateral agent, and J.P. Morgan Limited, Barclays Bank PLC and HSBC Securities (USA) Inc., as the joint lead arrangers and joint bookrunners. The Second Amended Credit Agreement amends and restates the Company's Amended and Restated Credit Agreement, dated as of December 10, 2009. The Second Amended Credit Agreement provides for potential aggregate borrowings of $1.6 billion, consisting of: (i) a $1.1 billion revolving loan facility and (ii) one or more tranches of term loans, including an uncommitted tranche of term loans available in an aggregate principal amount up to the Euro equivalent of $500 million. A portion of the Revolving Loan Facility is available for the issuance of letters of credit and the making of swingline loans, and any such issuance of letters of credit or making of a swingline loan will reduce the amount available under the Revolving Loan Facility. At the Company's option, at any time after the effective date of the Second Amended Credit Agreement, it may add one or more tranches of term loans (including the Senior Secured Term Loan) or increase the commitments under the Revolving Loan Facility so long as certain conditions are satisfied, including, among others, that no default or event of default is in existence.

HanesBrand Inc. to Close Maidenform Plant in Fayetteville

HanesBrand Inc. will be shutting down a plant in Fayetteville for its Maidenform Brands line of intimates apparel laying off 176 employees by next March. The Fayetteville plant will begin laying off employees in phases beginning in September and concluding in March 2015. Of the 176 employees still working at the plant, 131 workers are union members.

Hanesbrands Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014; Raises Earnings Guidance for the Full Year 2014

Hanesbrands Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported net sales of $1,342,052,000 against $1,199,205,000 a year ago. Operating profit was $207,124,000 against $181,447,000 a year ago. Net income was $154,578,000 or $1.51 per diluted share against $121,586,000 or $1.19 per diluted share a year ago. Total EBITDA was $229,445,000 against $203,105,000 a year ago. For the six months ended, the company reported net sales of $2,401,422,000 against $2,144,666,000 a year ago. Operating profit was $278,912,000 against $266,590,000 a year ago. Income before income tax expense was $234,880,000 against $214,531,000 a year ago. Net income was $196,138,000 or $1.92 per diluted share against $172,965,000 or $1.70 per diluted share a year ago. Total EBITDA was $323,857,000 against $311,005,000 a year ago. Net cash provided by operating activities was $4,938,000 against $18,326,000 a year ago. Purchases/sales of property and equipment, net, and other were $19,667,000 against $16,173,000 a year ago. For the full year, the company has raised its 2014 full-year financial guidance increased include adjusted EPS of $5.20 to $5.40, up $0.40, adjusted operating profit of $710 million to $730 million, up $45 million, and net cash from operating activities of $500 million to $600 million, up $25 million. The company has refined its expectations for net sales for the year to approximately $5.075 billion. The company expects to make pension contributions of approximately $60 million and has refined its guidance for net capital expenditures to approximately $70 million.

 

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Industry Analysis

HBI

Industry Average

Valuation HBI Industry Range
Price/Earnings 29.0x
Price/Sales 2.1x
Price/Book 7.3x
Price/Cash Flow 28.4x
TEV/Sales 1.7x
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