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Hanesbrands Inc HBI Stock Quote

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Morningstar‘s Stock Analysis HBI

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Is it the right time to buy or sell?

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A Turnaround May Be Closer Than Widely Believed in Apparel Manufacturing and Retailing

David Swartz Equity Analyst

Analyst Note

| David Swartz |

Investors have forsaken apparel manufacturers and retailers, which we believe present numerous attractive opportunities. These firms have struggled with many issues in 2022, including higher inventories, lower operating margins, inflation, logistical challenges, tough comparisons with 2021, low international travel, and an extremely strong U.S. dollar. However, we see positive signs. In recent weeks, shipping has shown signs of normalizing, and gas prices have dropped. Moreover, we anticipate inventory levels will improve as manufacturers cancel shipments and sales increase in the holiday season (as is typical). In 2023, we anticipate the benefits of investments in supply chains and other operations by many apparel firms will become more apparent. Consequently, despite widespread pessimism in the market, we believe now is a good time to consider the many apparel stocks trading well below our fair value estimates.

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Key Statistics HBI

Company Profile HBI

Business Description

Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Maidenform, 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.

1000 East Hanes Mill Road
Winston-Salem, NC, 27105
T +1 336 519-8080
Industry Apparel Manufacturing
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 59,000

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