Investors Consider Adding Hanesbrands Stock to Portfolios

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With the stock market in a period of growth, many investors are considering adding Hanesbrands Inc ($NYSE:HBI). stock to their portfolios. The company is a leading global marketer of apparel, underwear, and hosiery products and has seen a great deal of success over the past several years. As such, many investors are wondering if it is a good idea to invest in Hanesbrands Inc. stock on Thursday. The company has several factors that make it an attractive investment opportunity. One of those factors is its diverse product line. Hanesbrands Inc. sells a wide variety of clothing, including underwear, T-shirts, jeans, socks, and hosiery. Additionally, the company offers a variety of fashion-forward designs and has recently started producing eco-friendly clothing as well. This diversification creates multiple revenue streams and provides investors with more options for investing. The company has reported strong earnings growth over the past year and its balance sheet remains strong.

In addition, analysts expect the company’s stock to continue to rise over the coming months as the economy continues to improve. This should provide investors with additional confidence in investing in Hanesbrands Inc. stock on Thursday. Overall, Hanesbrands Inc. is an attractive investment opportunity for investors looking to add a successful apparel company to their portfolios. With its diverse product line, strong financial performance, and expected future growth, Hanesbrands Inc. stock could be a great addition to any portfolio. As such, investors should carefully evaluate their risk tolerance and objectives before deciding whether to invest in Hanesbrands Inc. stock on Thursday.

Price History

Investors are considering adding HANESBRANDS INC stock to their portfolios, as the company has seen a promising start this year. On Friday, the stock opened at $4.4 and closed at $4.2, marking a 3.5% decrease from the prior closing price of $4.3. This dip has presented an opportunity for potential investors to acquire the stock at a discounted price and increase their returns. Though the stock has taken a temporary dip, analysts remain positive about the company’s future prospects. Hanesbrands typically experiences higher demand during the second half of the year, and this could present a potential upside for investors.

Additionally, the company has recently diversified its offerings in order to address the changing needs of customers, which could drive further growth in the long-term. The stock may be a good addition to any investor’s portfolio who is looking to diversify their holdings and benefit from potential long-term growth in a company that has experienced consistent performance over the years. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Hanesbrands Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Hanesbrands Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Hanesbrands Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Hanesbrands Inc are shown below. More…

Analysis

At GoodWhale, we conducted a thorough analysis of HANESBRANDS INC‘s wellbeing and can report that the company is classified as a “cow”. This type of company has a track record of paying out consistent and sustainable dividends, which our Star Chart shows HANESBRANDS INC is strong in. It was rated medium in profitability and weak in asset and growth. Given this information, investors who are looking for consistent dividend payouts would be the most interested in HANESBRANDS INC. Additionally, due to its intermediate health score of 6/10 with regard to its cashflows and debt, we believe it is likely for the company to sustain operations in times of crisis. 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. (NYSE: HBI) is a consumer clothing company that designs, manufactures, sources, and sells a wide range of apparel, including underwear, activewear, and casual wear. It is a leading manufacturer and marketer of various clothing products, including bras, panties, t-shirts, socks, and intimate apparel. When looking at investing in Hanesbrands Inc., it is important to consider the company’s fundamentals and financial performance. The company has a strong balance sheet with low debt relative to its equity.

It has posted positive earnings for several consecutive quarters and has a competitive advantage due to its well-known brands. Furthermore, Hanesbrands Inc. has a diversified portfolio of products which helps to minimize risk. In terms of stock performance, Hanesbrands Inc. has seen an increase in share price over the past year. This indicates that investors are bullish on the stock, however caution should be maintained when investing in any company as stock prices can be volatile.