We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hanesbrands (HBI) CEO Steps Down, Will Act as Chairman
Read MoreHide Full Article
Hanesbrands Inc.’s (HBI - Free Report) shares tumbled almost 3% as its Chief Executive Officer (CEO) Richard A. Noll has decided to step down from his current role to focus on his role as the executive Chairman of the company.
Noll has been replaced by Gerald W. Evans Jr. who has also been appointed to the company’s board of directors. Evans will function as a member of Board of Directors effective immediately.
Evans has served the company since 1983 and has successfully led Hanesbrands in fields of marketing, sales and supply chain. He assumed his current role of chief operating officer in 2013.
Notably, both Noll and Evans have spent 30 long years in Hanesbrands and have steered the company to become a leading apparel retailer with its flagship Innovate to Elevate strategy. In fact, under Noll’s leadership, Hanesbrands increased its annual sales from $4 billion to $6 billion and shareholder value from $2 billion to $10 billion.
The company’s Innovate-to-Elevate strategy (which focuses on value-added, higher-priced and high-margin items that can be supplied at lower costs) continues to help the company to increase its adjusted operating profit margin and generate significant cumulative cash from operations. Hanesbrands plans to apply this strategy to its core products to boost volume.
Further, the company plans to extend its innovation to the new line of apparels – X-temp – launched during late 2016. These initiatives are expected to drive sales and volume, going ahead.
Zacks Rank & Other Stocks to Consider
Hanesbrands has a Zacks Rank #3 (Hold). Better-ranked stocks in the broader consumer discretionary sector include Capella Education Co. , Delta Apparel Inc. and Perry Ellis International Inc. . While Delta Apparel and Capella education sport a Zacks Rank #1 (Strong Buy), Perry Ellis carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Hanesbrands (HBI) CEO Steps Down, Will Act as Chairman
Hanesbrands Inc.’s (HBI - Free Report) shares tumbled almost 3% as its Chief Executive Officer (CEO) Richard A. Noll has decided to step down from his current role to focus on his role as the executive Chairman of the company.
Noll has been replaced by Gerald W. Evans Jr. who has also been appointed to the company’s board of directors. Evans will function as a member of Board of Directors effective immediately.
Evans has served the company since 1983 and has successfully led Hanesbrands in fields of marketing, sales and supply chain. He assumed his current role of chief operating officer in 2013.
Notably, both Noll and Evans have spent 30 long years in Hanesbrands and have steered the company to become a leading apparel retailer with its flagship Innovate to Elevate strategy. In fact, under Noll’s leadership, Hanesbrands increased its annual sales from $4 billion to $6 billion and shareholder value from $2 billion to $10 billion.
HANESBRANDS INC Price | HANESBRANDS INC Quote
The company’s Innovate-to-Elevate strategy (which focuses on value-added, higher-priced and high-margin items that can be supplied at lower costs) continues to help the company to increase its adjusted operating profit margin and generate significant cumulative cash from operations. Hanesbrands plans to apply this strategy to its core products to boost volume.
Further, the company plans to extend its innovation to the new line of apparels – X-temp – launched during late 2016. These initiatives are expected to drive sales and volume, going ahead.
Zacks Rank & Other Stocks to Consider
Hanesbrands has a Zacks Rank #3 (Hold). Better-ranked stocks in the broader consumer discretionary sector include Capella Education Co. , Delta Apparel Inc. and Perry Ellis International Inc. . While Delta Apparel and Capella education sport a Zacks Rank #1 (Strong Buy), Perry Ellis carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>