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HBI

Hanesbrands

$16.75

0.17 (1.03%)

07:03
05/15/18
05/15
07:03
05/15/18
07:03

Hanesbrands backs Q2, FY18 guidance issued on May 1

HanesBrands will highlight its diversified global business model that has the company poised to generate consistent growth and as much free cash flow in the next five years as the previous 11 years combined. In the four years since the company's last investor day, the company has transformed itself from a U.S.-centric business supported by a global supply chain into a worldwide basic apparel leader with commercial operations in the Americas, Europe, Asia and Australia that more fully leverage its global supply chain. At the investor day meeting at company headquarters beginning at 8:15 a.m., company executives will outline five-year base-case scenarios expected to: generate consistent organic sales growth, expand margins and increase earnings per share, generate cumulative operating cash flow of approximately $4.3 billion and cumulative free cash flow approaching $4 billion, and create shareholder value through a balanced capital allocation strategy of dividends, share repurchases and acquisitions. Immediate priorities for the company include continuing to drive double-digit global revenue growth for Champion and the online/consumer-direct channel; returning the U.S. Innerwear business to growth; capturing the remaining synergies and ending integration charges for prior acquisitions; and reducing the company's net debt-to-EBITDA ratio. Hanes has reaffirmed its second-quarter 2018 and full-year 2018 guidance issued May 1, 2018. The company continues to expect full-year 2018 net sales of $6.72 billion to $6.82 billion, GAAP operating profit of $870 million to $905 million, adjusted operating profit excluding actions of $950 million to $985 million, GAAP EPS of $1.54 to $1.62, adjusted EPS excluding actions of $1.72 to $1.80, and net cash from operations of $675 million to $750 million. Second-quarter net sales are expected to be in the range of $1.7 billion to $1.725 billion. GAAP operating profit is expected to be $215 million to $225 million, and adjusted operating profit excluding actions is expected to be $240 million to $250 million. GAAP EPS is expected to be $0.38 to $0.40, and adjusted EPS excluding actions is expected to be $0.44 to $0.46.

HBI Hanesbrands
$16.75

0.17 (1.03%)

04/22/18
STFL
04/22/18
UPGRADE
STFL
Buy
Hanesbrands upgraded to Buy from Hold at Stifel
04/23/18
04/23/18
UPGRADE
Target $23

Buy
Hanesbrands upgraded to Buy at Stifel
As previously reported, Stifel analyst Jim Duffy upgraded Hanesbrands to Buy from Hold, noting that the Champion brand is experiencing positive momentum in the lifestyle apparel space while its acquisitions in recent years have diversified the revenue mix and improved the overall portfolio's characteristics. Additionally, he sees limited downside risk for the shares given the company's free cash generation and already cautious investor sentiment and depressed valuation, Duffy tells investors. He raise his price target on Hanesbrands to $23 from $21.
04/23/18
04/23/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Michael Kors (KORS) upgraded to Buy from Hold at Deutsche Bank with analyst Paul Trussell saying the company is in the "middle innings" of a turnaround and is nearing an inflection point. 2. Verizon (VZ) upgraded to Overweight from Equal Weight at Barclays with analyst Amir Rozwadowski saying the company is better positioned than the current valuation implies. 3. Under Armour (UA, UAA) upgraded to Hold from Sell at Deutsche Bank with analyst Paul Trussell saying estimates for the first quarter and fiscal 2018 earnings are attainable, reflecting improved sell-through of new products and a commitment to cost reduction. 4. Hanesbrands (HBI) upgraded to Buy from Hold at Stifel with analyst Jim Duffy noting that the Champion brand is experiencing positive momentum in the lifestyle apparel space while its acquisitions in recent years have diversified the revenue mix and improved the overall portfolio's characteristics. 5. Exxon Mobil (XOM) upgraded to Market Perform from Underperform at Raymond James with analyst Pavel Molchanov saying Exxon's dividend yield has widened at a near-record level of 3.9% and there is a realistic chance the company will reinstate a share buyback in the near future. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/01/18
RILY
05/01/18
NO CHANGE
Target $30
RILY
Buy
Hanesbrands valuation attractive amid today's selloff, says B. Riley FBR
B. Riley FBR analyst Susan Anderson says Hanesbrands reported a "solid beat" for Q1 and that its free cash flow is intact. The analyst views the valuation as attractive amid today's 5% selloff and keeps a Buy rating on the name with a $30 price target. She recommends buying Hanesbrands aggressively at current share levels.

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