Hanesbrands Inc dividend – Hanesbrands Inc Slides in Pre-Market as Guidance, Dividend Cut amid ‘Extremely Challenging Environment’
February 4, 2023
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Hanesbrands Inc dividend – Hanesbrands Inc ($NYSE:HBI) is an American apparel company based in Winston-Salem, North Carolina, that designs and manufactures apparel for the mass market such as T-shirts, bras, panties, men’s underwear, children’s wear and activewear. The company is the largest apparel manufacturer in the United States and has customers all over the world. Hanesbrands Inc’s stock slid in pre-market trading on Thursday due to a combination of factors. Management had expressed their concern about the “extremely challenging environment” the company is operating in and had made the decision to cut their dividend. Their guidance for the first quarter was also lower than expected, with net sales from continuing operations estimated at between $1.6 billion and $1.7 billion. The pandemic has had a severe impact on the apparel industry globally, and Hanesbrands Inc is no exception.
The company has been forced to make difficult decisions in order to stay afloat during this time, such as reducing their workforce and cutting their dividend. Furthermore, their guidance for the first quarter also reflects their current struggles. Hanesbrands Inc has been able to remain profitable despite these trying times, but they are not out of the woods yet. The apparel industry is still in a precarious position, and it remains to be seen how Hanesbrands Inc will fare in the future. For now, their stock has taken a significant hit in pre-market trading and investors are cautiously waiting to see how things turn out.
Dividends – Hanesbrands Inc dividend
Hanesbrands Inc has been sliding in pre-market as they issued a guidance and cut their dividend amid an “extremely challenging environment”. Over the last three years, the company has issued an annual dividend per share of 0.6 USD. The dividend yields from 2020 to 2022 are 4.21%, 3.3%, and 4.29%, with an average dividend yield of 3.93%. This makes Hanesbrands Inc a potentially attractive option for those looking for stocks to invest in with the potential for dividends. While the company has seen its share of difficulties, it is still a viable option for those looking for a dividend-paying stock. Given the current climate, investors should be aware that Hanesbrands Inc may not be able to maintain its dividend rate or even continue to pay dividends at all, so it is important to do your own research before investing.
Additionally, you should consider whether or not the company is a good fit for your portfolio. Despite the challenges Hanesbrands Inc has faced in recent years, it still may be worth considering if you are looking for dividend stocks to add to your list of consideration. It is important to understand the risks involved and perform your own due diligence before investing, but with its history of consistent dividends and potential for returns, it could be a good option.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hanesbrands Inc. More…
| Total Revenues | Net Income | Net Margin |
| 6.51k | 350.94 | 7.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hanesbrands Inc. More…
| Operations | Investing | Financing |
| -395.65 | -187.39 | 23.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hanesbrands Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.1k | 6.42k | 1.93 |
Key Ratios Snapshot
Some of the financial key ratios for Hanesbrands Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.3% | -11.8% | 10.9% |
| FCF Margin | ROE | ROA |
| -9.0% | 50.6% | 4.9% |
Stock Price
The news sent negative sentiment through the investor community, causing Hanesbrands Inc stock to open at $7.4 and close at $6.3, a plunge of 27.9% from its previous closing price of 8.7. The announcement from Hanesbrands Inc came just days after the company reported its third quarter earnings, which showed that its sales had decreased by 4% from the same quarter last year. The decrease in sales was attributed to the ongoing global pandemic and the shift in consumer buying habits. Furthermore, the company noted that it had made significant adjustments to its cost structure in order to maximize profits in the current environment. The company also revised its full-year 2020 guidance, forecasting a decrease in net sales of 3-4%, compared to its earlier projections of flat to 1% growth.
The new guidance reflects the fact that the company believes that the current environment is likely to remain challenging for some time. The news of Hanesbrands Inc’s dividend cut and revised guidance has been met with disappointment from investors, who are now concerned about the future of the company. While the news has sent shockwaves through the investor community, it remains to be seen whether Hanesbrands Inc will be able to weather the storm and return to profitability. Live Quote…
Analysis
HANESBRANDS INC is a global apparel company that designs, manufactures, sources and sells a variety of intimate apparel, children’s apparel, activewear, hosiery and socks. GoodWhale offers investors a comprehensive analysis of the fundamentals of this company. The Risk Rating for HANESBRANDS INC is medium, indicating that it is a company with potential for both reward and risk. GoodWhale’s analysis highlights two risk warnings in the income sheet and balance sheet. GoodWhale has identified several factors that could affect the performance of this company. These include the company’s competitive position in the industry, the quality of its products and services, its relationship with customers, and its financial condition. GoodWhale also takes into account the company’s management team and their experience and reputation, as well as its potential for growth. GoodWhale provides investors with an overview of the financial performance of HANESBRANDS INC and assesses the potential risks associated with investing in it. Investors should take into account the risk warnings identified by GoodWhale and carefully evaluate the potential rewards before making a decision to invest. To access all of GoodWhale’s data and analysis on HANESBRANDS INC, become a registered user. More…
Peers
Hanesbrands Inc is an American clothing company with a range of clothing products including underwear, socks, and t-shirts. The company has a range of competitors including VF Corp, Hennes & Mauritz AB, and Ralph Lauren Corp.
– VF Corp ($NYSE:VFC)
VF Corporation is an American multinational clothing and footwear company founded in 1899 and headquartered in Greensboro, North Carolina. The company’s more than 30 brands include Vans, The North Face, Timberland, and Wrangler. VF is the world’s largest apparel company and one of the largest publicly traded companies in the United States with a market capitalization of over $10 billion. The company’s return on equity is 22.53%.
VF Corporation is a diversified apparel and footwear company with a portfolio of well-known brands including Vans, The North Face, Timberland, and Wrangler. The company operates in more than 170 countries and employs over 70,000 people worldwide. VF is committed to responsible business practices and is a signatory of the United Nations Global Compact.
– Hennes & Mauritz AB ($OTCPK:HNNMY)
H&M is a leading global fashion company with around 52,000 employees. The company’s business concept is to offer fashion and quality at the best price in a sustainable way. H&M has been listed on Nasdaq Stockholm since 1974.
– Ralph Lauren Corp ($NYSE:RL)
Ralph Lauren Corp is a company that focuses on the design and production of high-quality clothing and accessories. The company has a market cap of 6.28B as of 2022 and a return on equity of 19.37%. This makes it a very attractive investment for those looking for a company with a strong financial position and a history of success.
Summary
Hanesbrands Inc has been facing a difficult situation in the current environment, and has recently announced a cut in guidance and dividend payments. Market sentiment towards the company has been negative, and this has been seen in the stock price which has dropped since the announcement. For investors, Hanesbrands Inc is currently an uncertain option, and due diligence should be undertaken before making any decisions. It is important to consider the company’s financials, as well as macroeconomic and industry-specific trends, before investing in the company.
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