Morningstar Rating

Stock Research and Analysis

by Bridget Weishaar

Bulls Say

The shift to premium products is working, and further innovations could drive revenue and profitability growth.
The overhang caused by high levels of debt has been removed, and the company will now likely explore accretive acquisition opportunities and dividend increases or share repurchases.
The company has proved to be adept at integrating acquisitions and driving synergies. Further acquisitions could provide upside to the core valuation. Read more 

Bears Say

The company has already recognized much of the potential for margin expansion and is sitting in its target margin range. Thus, further upside may be limited.
Retailer consolidation, private-label programs, and stringent inventory management processes may limit sales growth opportunities or make performance volatile.
The firm's brands are positioned in the mass-market category, with exposure to price-conscious consumers. Read more 

Management

Hanesbrands' board comprises 11 members, 10 of whom are independent. Richard Noll has served as chairman since 2009 and CEO since 2006. From 2002 through the spin-off in 2006, Noll was a senior vice president at Sara Lee. Other prior positions included   Read more 

Profile

Hanesbrands manufactures undergarment and activewear apparel, operating under leading brand names including Hanes, Champion, and Maidenform. Products are marketed through   Read more 

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