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In a recent filing with the Securities and Exchange Commission (SEC), Hanesbrands Inc. (NYSE:HBI) announced that Kristin L. Oliver, the company’s Chief Legal Officer, Chief Human Resources Officer, and Executive Vice President of Communications, will be leaving the company. The departure is set to take place on May 9, 2025, just days after the company’s next earnings report scheduled for May 1.
Oliver has been a key executive at Hanesbrands, but she has decided to pursue another business opportunity. The company disclosed this management change in its 8-K filing on April 18, 2025, which reported the event dated April 15, 2025. As of now, Hanesbrands has not announced a successor for Oliver’s role. According to InvestingPro data, the company faces some challenges with a -3.6% revenue decline in the last twelve months, though analysts expect net income growth in the coming year.
The announcement comes at a time when Hanesbrands, a major player in the retail-apparel and accessory stores industry, continues to navigate the competitive landscape. With a market capitalization of $1.55 billion and current trading price suggesting the stock is undervalued according to InvestingPro Fair Value metrics, Oliver’s departure may prompt the company to reassess its leadership strategy to maintain its market position. InvestingPro has identified 8 additional key investment tips for HBI, available to subscribers.
Hanesbrands Inc., headquartered in Winston-Salem, North Carolina, is known for its apparel products and has a significant presence in the retail sector. The company’s shares are traded on the New York Stock Exchange under the ticker symbol HBI.
Investors and market watchers will be looking closely at how Hanesbrands manages this transition and any potential impact it may have on the company’s operations and strategic direction. As the company searches for Oliver’s replacement, stakeholders will be interested in understanding how the new appointee will contribute to Hanesbrands’ future growth and stability.
This information is based on a press release statement and provides an update on the company’s leadership dynamics without speculating on the reasons behind Oliver’s decision or the potential effects on Hanesbrands’ future performance.
In other recent news, Hanesbrands Inc. has announced the completion of conditions necessary for the redemption of its 4.875% Senior Notes due in 2026. The company plans to redeem these notes on March 17, 2025, at a price slightly above their principal amount, utilizing proceeds from recent debt financings. Meanwhile, S&P Global Ratings has downgraded Hanesbrands’ senior secured credit facilities to ’BB-’ due to the increased amount of secured debt in its capital structure. This follows the company’s decision to upsize its term loan B to $1.1 billion. Despite this, Moody’s Ratings has confirmed that Hanesbrands’ ratings and stable outlook remain unaffected by the loan increase, as it maintains leverage neutrality.
Furthermore, UBS analysts have reiterated their Buy rating and $11 price target for Hanesbrands, citing strong fourth-quarter results and a positive long-term outlook. The analysts project a 20% five-year earnings per share compound annual growth rate for the company, suggesting potential earnings growth beyond market expectations. Additionally, UBS has identified Hanesbrands as one of the stocks showing significant positive shifts in investor crowding scores, indicating increased interest from eligible funds. Despite the recent CEO transition announcement, UBS analysts remain confident in the company’s strategic direction and growth prospects.
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