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Hanesbrands Inc HBI

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Morningstar’s Analysis

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We View Hanesbrands and Anta Sports as Attractive Investments in an Altered Activewear Market

David Swartz Equity Analyst

Analyst Note

| David Swartz |

Demand for activewear is high as the world emerges from the pandemic, and we have identified changes in consumption and production that we expect will shape the industry for years to come. Among these changes are increased casualization in fashion, the acceleration of the shift to e-commerce, and greater interest in connected fitness. While bargains are hard to find in the space, we have identified two undervalued narrow-moat producers in Hanesbrands and Anta Sports Products.

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Company Profile

Business Description

Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Bali, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.

1000 East Hanes Mill Road
Winston-Salem, NC, 27105
T +1 336 519-8080
Sector Consumer Cyclical
Industry Apparel Manufacturing
Most Recent Earnings Jun 30, 2021
Fiscal Year End Jan 1, 2022
Stock Type High Yield
Employees 61,000