The Best Stock in North Carolina: Hanesbrands
We analyzed publicly traded companies based in the Tar Heel State to identify the best stock in North Carolina to buy now.
We scoured the nation to identify the best stock in every state. Hanesbrands (symbol HBI) is the publicly traded company we picked in North Carolina. The company headquarters is located in Winston-Salem.
A word of caution: Since we selected a single stock from each state (plus one from D.C), and choices in some states are sparse, a few of our picks are best suited to investors comfortable with a higher degree of risk. This is not necessarily one of our 51 favorite stocks in the entire U.S., in other words.
Hanesbrands by the Numbers
- Headquarters: Winston-Salem
- Share price: $22.25
- Market value: $8.1 billion
- Price-earnings ratio: 11
(Prices and data are as of June 22, 2017)
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Known for brands such as Hanes, Champion, Playtex and Maidenform, Hanesbrands manufactures and sells undergarments, as well as activewear, and sporting and intimate apparel.
In recent years, the company’s mantra has been “sell more, spend less, generate cash.” With growth stagnating among its core undergarment brands, Hanes has found ways to sell more through acquisition. Three foreign companies Hanes acquired last year – Champion Europe, Champion Japan and Pacific Brands – are expected to add $420 million to revenues this year. Amplifying the “spend less” and “generate cash” themes is the recently announced Project Booster, a pledge to generate $100 million in annual cost savings and $300 million per year in additional cash from operations by 2020. Unlike most clothing companies, Hanes primarily operates its own manufacturing facilities, which means acquisitions can be cheaply and efficiently incorporated into its business, and the company has done a good job of harnessing acquisitions to drive earnings growth, says Morningstar analyst Bridget Weishaar. She adds that temporary factors – such as last year’s industrywide lag in sales of basic apparel, including underwear, T-shirts and socks – have knocked down the stock, creating an opportunity for investors to buy shares on the cheap. Morningstar’s $34 “fair value” estimate implies an increase in the stock price of more than 50%. And investors receive a generous dividend. The company hiked its payout by 36% in March; the stock yields 2.7%.
-
Small Caps Can Only Lead Stocks So High: Stock Market TodayThe main U.S. equity indexes were down for the week, but small-cap stocks look as healthy as they ever have.
-
Ask the Editor: Tips for Filing Your 1040Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on preparing and filing your 2025 Form 1040.
-
Is Direct Primary Care Right for Your Health Needs?With the direct primary care model, you pay a membership fee for more personalized medical services.
-
If You'd Put $1,000 Into Lowe's Stock 20 Years Ago, Here's What You'd Have TodayLowe's stock has delivered disappointing returns recently, but it's been a great holding for truly patient investors.
-
If You'd Put $1,000 Into 3M Stock 20 Years Ago, Here's What You'd Have TodayMMM stock has been a pit of despair for truly long-term shareholders.
-
If You'd Put $1,000 Into Coca-Cola Stock 20 Years Ago, Here's What You'd Have TodayEven with its reliable dividend growth and generous stock buybacks, Coca-Cola has underperformed the broad market in the long term.
-
If You Put $1,000 into Qualcomm Stock 20 Years Ago, Here's What You Would Have TodayQualcomm stock has been a big disappointment for truly long-term investors.
-
If You'd Put $1,000 Into Home Depot Stock 20 Years Ago, Here's What You'd Have TodayHome Depot stock has been a buy-and-hold banger for truly long-term investors.
-
If You'd Put $1,000 Into Bank of America Stock 20 Years Ago, Here's What You'd Have TodayBank of America stock has been a massive buy-and-hold bust.
-
If You'd Put $1,000 Into Oracle Stock 20 Years Ago, Here's What You'd Have TodayORCL Oracle stock has been an outstanding buy-and-hold bet for decades.
-
If You'd Put $1,000 Into Sherwin-Williams Stock 20 Years Ago, Here's What You'd Have TodaySherwin-Williams stock has clobbered the broader market by a wide margin for a long time.
