Professional
Added to YB: 2023-04-05
Pitch date: 2023-04-05
HBI [bullish]
HanesBrands Inc.
+28.88%
current return
Author Info
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Company Info
HanesBrands Inc. designs, manufactures, sources, and sells a range of range of innerwear apparel for men, women, and children in the Americas, Europe, the Asia pacific, and internationally.
Market Cap
$2.3B
Pitch Price
$5.02
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.42
P/E
5.52
EV/Sales
1.34
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Stock Sonar #1 - Hanes Brands (HBI)
HBI (new position): Largest innerwear producer; debt-fueled acquisition spree 2012-18 boosted gross margin 30%→38% but brands undernourished & interest payments surged. FCFE margins thin (~6% rev), volatile cost structure risk. 2022 channel stuffing headwind easing as retailers clear inventory. Small speculative position on dramatic upside if mgmt executes 'Full Potential' plan; will add on selloff.
Read full article (1 min)