Hanesbrands Inc (HBI)

Hanesbrands Inc (HBI) - The Street.com

Hanesbrands Inc (NYSE: HBI) announced today that Executive Vice President and Chief Financial Officer E. Lee Wyatt will make a presentation at the Bank of America Merrill Lynch 2010 Consumer Conference in New York on , 2010. Hanesbrands' presentation will be webcast live via the Internet from 4:20 to 5 p.m. The live presentation, and an archived file after the presentation, may be accessed in the investors section of the Hanesbrands corporate Web site, . 

Hanesbrands Inc (HBI) - Ken Stumphauzer at Sterne Agee

Clothing makers and retailers have suffered during the recession as shoppers have cut their discretionary spending Sterne Agee analyst Kenneth Stumphauzer said in a client note that Hanesbrands is one of the best stocks to have on hand amid signs of an economic recovery He said Hanesbrands, based in Winston Salem, NC, could grow its earnings quickly over the next three to five years Stumphauzer set his price target for the company's stock at $27 The shares added 61 cents, or 28 percent, in afternoon trading Tuesday, climbing to $2241 

Hanesbrands Inc (HBI) - Leonie Barrie at Just-Style

. One supplier that is particularly optimistic about its potential next year is Hanesbrands, which says it has signed distribution deals that should result in 5%, or $200m of sales growth, in 2010. . Target, Walmart, Macy's, Kohl's, Dollar General and JC Penney have all committed to space gains for Hanesbrands' men's underwear and intimate apparel lines like Bali, Playtex, Hanes and Barely There; while Walmart's plans to expand the Just My Size brand could provide an extra $75.0m in casualwear sales in 2010, growing to $150.0m over time. . Hanesbrands says the growth is not dependent on an increase in consumer spending, but will come from gains in shelf space allocation and distribution even if spending patterns continue at today's recessionary levels. 

Hanesbrands Inc (HBI) - Morningstar

While Hanesbrands' HBI top line continued to be hampered by weaker demand during the quarter, we are encouraged that the firm has secured commitments for new product shipments for 2010. As a result, management's revenue forecast for the next year is trending ahead of our 2010 top line projections. However, the change had a minimal impact on our valuation, and we are maintaining our fair value estimate. 

Hanesbrands Inc (HBI) - Jayne Ross at S&P Credit Research

NEW YORK (AP) — Standard & Poor's Ratings on Tuesday placed a "junk" status credit rating on Hanesbrands Inc and put the company and its subsidiaries on CreditWatch over concerns about its operating performance. The Winston Salem, N.C. based apparel company's performance has been suffering as shoppers cut back on spending and the overall retail market softens. S&P placed a "BB " corporate credit rating on Hanesbrands, three notches below an investment grade rating. The rating agency also placed the company on CreditWatch over concerns that its credit metrics may not to bounce back in the next several quarters, Standard & Poor's credit analyst Jayne Ross wrote.  

Hanesbrands Inc (HBI) - Morningstar

Hanesbrands Amends Credit Facility by Michelle Chang | 03 12 09 | 5:31PM | E mail Article | Print Article . On Thursday, Hanesbrands HBI announced that it has amended its senior secured credit facility, which should give the company additional breathing room as it navigates this extremely difficult macroeconomic environment. Though interest expense will increase, the company was able to loosen covenants for subsequent quarters. 

Hanesbrands Inc (HBI) - Omar Saad at Credit Suisse

For Hanesbrands Inc. , the Winston Salem, North Carolina, maker of Hanes and Champion clothing, every 1-cent rise in the price of cotton lowers profit before interest and taxes by about $3.5 million, according to estimates by Omar Saad . , a Credit Suisse analyst in New York. Hanesbrands may pay 73 cents a pound for cotton during the first quarter, compared with an estimated 66-cent average for 2008, Saad said in a Nov. 12 report.