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Hanesbrands Inc HBI

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Morningstar’s Analysis

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5-Star Price

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Economic Moat

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Capital Allocation

PREMIUM

Narrow-Moat Hanesbrands’ Solid Q2 Results Boost Confidence in Its Long-Term Plans; Shares Attractive

David Swartz Equity Analyst

Analyst Note

| David Swartz |

Narrow-moat Hanesbrands outperformed our sales and earnings estimates in 2021’s second quarter, providing early evidence that its Full Potential plan (revealed in May) to streamline its portfolio and enhance Champion and its innerwear is working. We expect to raise our per share fair value estimate of $25 by a mid-single-digit percentage and view Hanes’ shares as undervalued.

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Company Profile

Business Description

Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Bali, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.

Contact
1000 East Hanes Mill Road
Winston-Salem, NC, 27105
T +1 336 519-8080
Sector Consumer Cyclical
Industry Apparel Manufacturing
Most Recent Earnings Jun 30, 2021
Fiscal Year End Jan 1, 2022
Stock Type High Yield
Employees 61,000

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