Company profile

Ticker
HBI
Exchange
CEO
Gerald W. Evans
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
203552316

HBI stock data

(
)

Calendar

31 Jul 20
3 Aug 20
2 Jan 21

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 1.74B 1.32B 1.75B 1.87B
Net income 161.18M -7.87M 184.99M 185.09M
Diluted EPS 0.46 -0.02 0.51 0.51
Net profit margin 9.27% -0.60% 10.56% 9.91%
Operating income 241.54M 34.13M 243.42M 267.07M
Net change in cash -400.67M 754.9M 11.85M 59.08M
Cash on hand 683.11M 1.08B 328.88M 317.02M
Cost of revenue 1.11B 842.73M 1.04B 1.15B
Annual (USD) Jan 16 Jan 15 Jan 11
Revenue 5.73B 5.32B 4.15B
Net income 428.86M 404.52M 211.29M
Diluted EPS 1.06 0.99 2.16
Net profit margin 7.48% 7.60% 5.10%
Operating income 595.12M 563.95M 380.87M
Net change in cash 79.31M 204.51M
Cash on hand 319.17M 239.86M 35.35M
Cost of revenue 3.6B 3.42B 2.77B

Financial data from Hanesbrands earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
27 Jul 20 Ram Jonathan Common Stock Payment of exercise Dispose F No 13.97 10,201 142.51K 171,123
30 Jun 20 Griffin Bobby J Phantom Stock Common Stock Grant Aquire A No 11.29 2,113 23.86K 295,941
15 May 20 Ram Jonathan Phantom Stock Common Stock Discretionary Dispose I No 8.52 2,431 20.71K 116
31 Mar 20 Griffin Bobby J Phantom Stock Common Stock Grant Aquire A No 7.87 3,494 27.5K 290,501
28 Jan 20 Ziegler Ann Elizabeth Common Stock Grant Aquire A No 0 10,541 0 20,513
97.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 576 608 -5.3%
Opened positions 72 110 -34.5%
Closed positions 104 73 +42.5%
Increased positions 227 203 +11.8%
Reduced positions 185 196 -5.6%
13F shares
Current Prev Q Change
Total value 156.56B 265.41B -41.0%
Total shares 340.59M 366.86M -7.2%
Total puts 2.11M 6.64M -68.2%
Total calls 2.15M 2.46M -12.5%
Total put/call ratio 1.0 2.7 -63.6%
Largest owners
Shares Value Change
Vanguard 45.79M $360.35M +4.7%
BLK BlackRock 26.41M $207.83M +1.8%
STT State Street 21.6M $170M +0.9%
Diamond Hill Capital Management 20.83M $163.91M +37.9%
Shapiro Capital Management 16.57M $130.44B +9.8%
ArrowMark Colorado 16M $125.96M +2.4%
Lyrical Asset Management 13.59M $106.94M -6.1%
Parnassus Investments 10.5M $82.64M -36.3%
Cooke & Bieler 9.65M $75.91M -4.0%
SLFPF Standard Life Aberdeen 7.69M $60.55M -24.2%
Largest transactions
Shares Bought/sold Change
FIL 0 -12.11M EXIT
PUK Prudential 6.16M +6.16M NEW
Parnassus Investments 10.5M -5.99M -36.3%
Diamond Hill Capital Management 20.83M +5.72M +37.9%
Massachusetts Financial Services 0 -3.79M EXIT
Norges Bank 0 -3.61M EXIT
Ninety One UK 0 -2.58M EXIT
SLFPF Standard Life Aberdeen 7.69M -2.45M -24.2%
Squarepoint Ops 160.58K -2.36M -93.6%
Vanguard 45.79M +2.07M +4.7%

Financial report summary

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Risks
  • We operate in a highly competitive and rapidly evolving market, and our market share and results of operations could be adversely affected if we fail to compete effectively in the future.
  • The rapidly changing retail environment could result in the loss of or material reduction in sales to certain of our customers, which could have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • Any inadequacy, interruption, integration failure or security breach with respect to our information technology could harm our ability to effectively operate our business and have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • Significant fluctuations and volatility in the price of various input costs, such as cotton and oil-related materials, utilities, freight and wages, may have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • Our business depends on our senior management team and other key personnel.
  • Our failure to properly manage strategic projects in order to achieve the desired results may negatively impact our business.
  • Due to the extensive nature of our foreign operations, fluctuations in foreign currency exchange rates could negatively impact our results of operations.
  • We rely on a relatively small number of customers for a significant portion of our sales, and the loss of or material reduction in sales to any of our top customers could have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • Our operations in international markets, and our earnings in those markets, may be affected by legal, regulatory, political and economic risks.
  • We have a complex multinational tax structure, and changes in effective tax rates or adverse outcomes resulting from examination of our income tax returns could impact our capital deployment strategy and adversely affect our results.
  • Our results of operations could be materially harmed if we are unable to manage our inventory effectively and accurately forecast demand for our products.
  • The success of our business is tied to the strength and reputation of our brands. If the reputation of one or more of our brands erodes significantly, it could have a material impact on our financial results.
  • The loss of one or more of our suppliers of finished goods or raw materials may interrupt our supplies and materially harm our business.
  • Our customers may require products on an exclusive basis, forms of economic support and other changes that could be harmful to our business.
  • Our reputation, ability to do business and results of operations could be impaired by improper conduct by any of our employees, agents or business partners.
  • Economic conditions may adversely impact demand for our products, reduce access to credit and cause our customers, suppliers and other business partners to suffer financial hardship, all of which could adversely impact our business, results of operations, financial condition and cash flows.
  • Our balance sheet includes a significant amount of intangible assets and goodwill. A decline in the estimated fair value of an intangible asset or of a business unit could result in an asset impairment charge, which would be recorded as a noncash expense in our Consolidated Statement of Income.
  • Our inability to successfully recover should we experience a disaster or other business continuity problem could cause material financial loss, loss of human capital, regulatory actions, reputational harm, or legal liability.
  • If our advertising, marketing and promotional programs are unsuccessful, or if our competitors are more effective with their programs than we are, our sales could be negatively affected.
  • Our balance sheet includes a significant amount of deferred tax assets. Changes in our effective tax rate or tax liability may adversely affect our operating results.
  • We design, manufacture, source and sell products under trademarks that are licensed from third parties. If any licensor takes actions related to their trademarks that would cause their brands or our company reputational harm, our business may be adversely affected.
  • If we are unable to protect our intellectual property rights, our business may be adversely affected.
  • We may suffer negative publicity if we or our third-party manufacturers violate labor laws or engage in practices that are viewed as unethical or illegal, which could cause a loss of business.
  • We may not realize all of the anticipated benefits of acquisitions or those benefits may take longer to realize than expected. We may also encounter significant unexpected difficulties in integrating acquired businesses.
  • We had approximately 63,000 employees worldwide as of December 28, 2019, and our business operations and financial performance could be adversely affected by changes in our relationship with our employees or changes to United States or foreign employment regulations.
  • We may be adversely affected by unseasonal or severe weather conditions.
  • We are subject to certain risks as a result of our indebtedness.
  • Market returns could have a negative impact on the return on plan assets for our pension, which may require significant funding.
  • Inability to access sufficient capital at reasonable rates or commercially reasonable terms or maintain sufficient liquidity in the amounts and at the times needed could adversely impact our business.
  • Anti-takeover provisions of our charter and bylaws, as well as Maryland law, may reduce the likelihood of any potential change of control or unsolicited acquisition proposal that you might consider favorable.
Management Discussion
  • The COVID-19 pandemic adversely impacted our business operations and results of operations for the second quarter of 2020. As the COVID-19 virus continued to spread around the world in the second quarter of 2020, net sales and profits across our apparel businesses decreased dramatically. During the second quarter of 2020, we sold PPE globally to governments, large organizations, business-to-business customers and consumers including more than 450 million cloth face coverings and more than 20 million medical gowns for use during the COVID-19 pandemic to the U.S. government.
  • Shipments slowed through most of the second quarter as we and many of our retail customers temporarily closed stores and customer orders were canceled in response to the global expansion of COVID-19, and net sales and profit trends across our apparel businesses decreased dramatically. Our e-commerce sites have remained open in all regions. Most of our retail stores were reopened by the end of the second quarter but have and are expected to continue to experience significant reductions in traffic and therefore, revenue. During the second quarter of 2020, we sold PPE globally to governments, large organizations, business-to-business customers and consumers including more than 450 million cloth face coverings and more than 20 million medical gowns for use during the COVID-19 pandemic to the U.S. government.
  • Operating profit as a percentage of net sales was 13.9%, representing an increase from 13.0% in the prior year. Increased operating profit was the result of lower selling, general and administrative expenses driven by temporary cost savings initiatives implemented in response to the COVID-19 pandemic. Included in operating profit in the second quarter of 2020 and 2019 were restructuring and other action-related charges of $63 million and $13 million, respectively, including asset write-down charges recorded as a result of the on-going effects of the COVID-19 pandemic in 2020.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: attempt, breach, cloth, customary, deteriorate, domestic, downgrade, enforceable, exempt, floor, frequently, fully, grace, guarantee, guaranteed, guarantor, indenture, inserted, insolvency, leaseback, light, maximize, merge, momentum, negotiate, nonpayment, participation, pledged, PPE, premium, produced, producing, prohibited, redeem, redemption, regain, registration, rent, reorganization, reserve, respond, successful, thereof, treat, unconditionally, unpaid, unsecured, visibility
Removed: commodity, comply, deployment, exercise, restrictive, strong, term