HanesBrands (HBI) shares rallied 5.8% in the last trading session to close at $5.67. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.2% gain over the past four weeks. This underwear, T-shirt and sock maker is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +1100%. Revenues are expected to be $1.35 billion, down 6.1% from the year-ag ...

The latest trading session saw HanesBrands (HBI) ending at $5.36, denoting no adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 2.32%. Meanwhile, the Dow lost 1.25%, and the Nasdaq, a tech-heavy index, lost 3.64%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.46 per share and a revenue of $5.37 billion, indicating changes of +666.67% and -4.66%, respectively, from the former year. Ranging from #1 (Strong Buy) to #5 (Str ...

The most recent trading session ended with HanesBrands (HBI) standing at $5.42, reflecting a -1.28% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.78%. Elsewhere, the Dow lost 1.29%, while the tech-heavy Nasdaq lost 0.7%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.46 per share and a revenue of $5.37 billion, indicating changes of +666.67% and -4.66%, respectively, from the former year. The upcomi ...

HanesBrands (HBI) closed at $4.74 in the latest trading session, marking a +1.72% move from the prior day. The stock's change was more than the S&P 500's daily gain of 1.02%. Meanwhile, the Dow gained 1.09%, and the Nasdaq, a tech-heavy index, added 1.18%. For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.46 per share and a revenue of $5.37 billion, signifying shifts of +666.67% and -4.66%, respectively, from the last year. In the context of valuation, HanesBrands is at present ...

Core Viewpoint - HanesBrands is expected to show significant earnings growth in its upcoming earnings report, despite a projected decline in revenue compared to the previous year [2][7]. Financial Performance - The stock closed at $4.84, reflecting a 0.41% increase from the previous trading session, outperforming the S&P 500's gain of 0.09% [1]. - The forecasted EPS for the upcoming quarter is $0.10, indicating a remarkable 1100% increase from the same quarter last year [2]. - For the full year, the Zacks Consensus Estimates project earnings of $0.46 per share, representing a 666.67% increase year-over-year [7]. - Revenue is expected to be $1.35 billion for the upcoming quarter, which is a 6.14% decline compared to the same quarter last year [2]. - The full-year revenue estimate is $5.37 billion, reflecting a 4.66% decrease from the prior year [7]. Valuation Metrics - HanesBrands has a Forward P/E ratio of 10.56, which is lower than the industry average Forward P/E of 14.48 [4]. Industry Context - The Textile - Apparel industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 78, placing it in the top 31% of over 250 industries [9]. - The Consumer Discretionary sector gained 2.11% over the past month, while HanesBrands shares increased by 0.21% during the same period [6]. Analyst Sentiment - Recent shifts in analyst projections for HanesBrands are crucial, as positive estimate revisions are seen as a favorable indicator for the company's business outlook [3]. - The Zacks Rank system currently rates HanesBrands as 1 (Strong Buy), with a proven track record of outperformance [11].

Core Insights - HanesBrands is focusing on strengthening its Innerwear business despite challenges from limited consumer spending in Q1 2024, emphasizing innovation and increased brand marketing investments for market share growth [2][3][15] - The company anticipates year-over-year increases in operating profit and earnings per share for Q2 and full-year 2024, even with expectations of soft sales [3][16] - HanesBrands has successfully reduced fixed costs by over $200 million, contributing to a decline in adjusted SG&A expenses by 3% to $378 million in Q1, which supports brand marketing investments [17] Financial Performance - HanesBrands achieved an adjusted gross margin of 39.9% in Q1 2024, returning to historical levels due to fixed-cost reductions and streamlined supply chains [9] - The Zacks Consensus Estimate for HanesBrands' 2024 earnings per share has increased by a penny to 46 cents over the past 30 days, indicating positive market sentiment [16] Strategic Initiatives - The company has sold the global Champion brand to Authentic Brands Group, allowing it to focus on enhancing its Innerwear category and driving above-market growth through consumer-centric product innovation [6][12] - HanesBrands is leveraging data analytics to improve retail partner sales and working capital efficiency, while also managing inventory more effectively by reducing SKUs [18] Market Position - HanesBrands' shares have increased by 10.2% over the past six months, contrasting with a 19.3% decline in the industry [13] - The company has been recognized for its strong resilience in a challenging macroeconomic environment, characterized by healthy margins and steady cash generation [10][15]

Company Performance - HanesBrands (HBI) has shown a year-to-date return of approximately 11.7%, outperforming the average return of -1% for Consumer Discretionary companies [9] - The Zacks Consensus Estimate for HBI's full-year earnings has increased by 3%, indicating improved analyst sentiment and earnings outlook [2] - HanesBrands currently holds a Zacks Rank of 1 (Strong Buy), suggesting strong potential for future performance [5] Industry Comparison - HanesBrands is part of the Textile - Apparel industry, which has an average year-to-date loss of 19.2%, indicating that HBI is performing better than its industry peers [10] - In contrast, Caleres Inc. has a year-to-date return of 10.4%, but the Shoes and Retail Apparel industry has declined by 8.9% this year [6][7] - The Consumer Discretionary sector, which includes 283 companies, ranks 8 in the Zacks Sector Rank, reflecting a relatively strong position within the broader market [8]

Core Viewpoint - Value investing remains a popular strategy for identifying undervalued stocks, with Hanesbrands (HBI) currently highlighted as a strong candidate due to its favorable valuation metrics and earnings outlook [1][4]. Valuation Metrics - HBI has a Price-to-Sales (P/S) ratio of 0.32, significantly lower than the industry average of 0.65, indicating potential undervaluation [2]. - The Price-to-Earnings (P/E) ratio for HBI stands at 8.70, compared to the industry average of 13.10, further suggesting that the stock may be undervalued [3]. - HBI's Price-to-Cash Flow (P/CF) ratio is 18.71, which is lower than the industry average of 26.19, reinforcing the notion of undervaluation based on cash flow [6]. - The Price-to-Book (P/B) ratio for HBI is 5.14, which is also favorable compared to the industry average of 6.07, indicating solid valuation metrics [8]. Earnings Outlook - HBI holds a Zacks Rank of 1 (Strong Buy) and a Value grade of A, reflecting a strong earnings outlook and potential for growth [3][4]. - The Forward P/E ratio for HBI has fluctuated between 5.89 and 37.17 over the past year, with a median of 8.24, indicating variability but also potential for significant upside [3]. Investment Strategy - Investors are encouraged to utilize the Zacks Rank system and Style Scores to identify high-quality value stocks, with HBI being a prime example due to its strong metrics [5][7].

Company Performance - HanesBrands is forecasted to report an EPS of $0.10, reflecting a significant increase of 1100% from the same quarter last year [1] - The consensus estimate for quarterly revenue is $1.35 billion, which represents a decline of 6.14% compared to the previous year [1] - For the full year, the Zacks Consensus Estimates project earnings of $0.46 per share and revenue of $5.37 billion, indicating changes of +666.67% and -4.66% respectively from the prior year [4] Valuation Metrics - HanesBrands is currently trading at a Forward P/E ratio of 10.82, which is lower than the industry average Forward P/E of 15.36, suggesting a valuation discount [5] Stock Performance - Prior to the latest trading session, shares of HanesBrands had decreased by 3.52% over the past month, underperforming the Consumer Discretionary sector's loss of 0.13% and the S&P 500's gain of 4.15% during the same period [6] - In the latest market close, HanesBrands (HBI) reached a price of $4.99, with a daily increase of 1.01%, outperforming the S&P 500's loss of 0.04% [9] Analyst Ratings and Industry Context - HanesBrands holds a Zacks Rank of 1 (Strong Buy), with the Zacks Consensus EPS estimate having shifted 0.74% upward over the past month [2] - The Textile - Apparel industry, which includes HanesBrands, has a Zacks Industry Rank of 56, placing it in the top 23% of over 250 industries [11]

Company Overview - Hanesbrands Inc. (HBI) is focused on accelerating growth by revitalizing its innerwear business, increasing market share, attracting younger consumers, and strengthening its operating model [2] - The company has entered into a deal to sell the intellectual property and certain operating assets of its global Champion business to Authentic Brands Group for $1.2 billion, with net proceeds expected to be nearly $900 million [2][8] Financial Performance - The adjusted operating margin for Hanesbrands stood at 7.3%, reflecting an increase of nearly 270 basis points [4] - In the first quarter of 2024, the adjusted gross margin was reported at 39.9%, up nearly 720 basis points, driven by reduced input costs and cost-saving initiatives [11] - Adjusted SG&A expenses declined by 3% to $378 million due to disciplined expense management and reduced distribution expenses [11] Strategic Initiatives - Management has streamlined the supply chain and eliminated fixed costs exceeding $200 million, with half of this amount being part of SG&A [3] - The company aims to enhance its position in the innerwear category and achieve above-market growth through consumer-centric product innovation and increased investments in leading brands such as Hanes, Bonds, Maidenform, and Bali [2] Future Outlook - Management anticipates operating profit and earnings per share to increase year over year in the second quarter and full-year 2024, despite expectations of soft sales [4] - The foundational financial model of Hanesbrands has been robust, characterized by healthy margins and steady cash generation, with ongoing enhancements in brand building, data analytics, inventory management, and SKU discipline [10]