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Yesterday’s Consumer Pops and Drops: COH, HBI, STZ, and BLL

PART:
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Part 4
Yesterday’s Consumer Pops and Drops: COH, HBI, STZ, and BLL PART 4 OF 7

Hanesbrands Declared a Dividend of $0.15 per Share

Price movement

Hanesbrands (HBI) has a market cap of $9.0 billion. It rose 5.3% and closed at $23.83 per share on January 25, 2017. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 8.3%, 9.7%, and 10.5%, respectively, on the same day. Hanesbrands is trading 7.6% above its 20-day moving average, 3.9% above its 50-day moving average, and 6.1% below its 200-day moving average.

Hanesbrands Declared a Dividend of $0.15 per Share

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Related ETF and peers

The iShares Morningstar Mid-Cap Growth Index Fund (JKH) invests 0.66% of its holdings in Hanesbrands. JKH’s YTD price movement was 4.8% on January 25.

The market caps of Hanesbrands’ competitors are as follows:

  • L Brands (LB) – $17.6 billion
  • Ralph Lauren (RL) – $7.4 billion
  • Gildan Activewear (GIL) – $6.1 billion

Hanesbrands declared dividend

Hanesbrands declared a regular quarterly cash dividend of $0.15 per share on its common stock. The dividend will be paid on March 7, 2017, to shareholders of record on February 14, 2017.

Performance in fiscal 3Q16

Hanesbrands reported fiscal 3Q16 net sales of $1.8 billion—a rise of 10.7% compared to net sales of $1.6 billion reported in fiscal 3Q15. The company’s gross profit margin rose by 40 basis points, while its operating margin fell by 10 basis points.

Its net income and EPS (earnings per share) rose to $173.9 million and $0.45, respectively, in fiscal 3Q16—compared with $162.1 million and $0.40 in fiscal 3Q15. It reported adjusted EPS of $0.56 in fiscal 3Q16—a rise of 12.0% compared to fiscal 3Q15. Its cash and cash equivalents and inventories rose 41.0% and 10.5%, respectively, between fiscal 4Q15 and 3Q16.

Projections

Hanesbrands made the following projections for fiscal 2016:

  • net sales of $6.15 billion–$6.18 billion
  • non-GAAP (generally accepted accounting principles) EPS of $1.89–$1.92
  • non-GAAP operating profit of $940 million–$955 million

The company made the following projections for fiscal 4Q16:

  • net sales of $1.70 billion–$1.73 billion
  • non-GAAP operating profit of $276 million–$291 million
  • non-GAAP EPS of $0.57–$0.60

Next, we’ll look at Ball Corporation (BLL).

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