Hanesbrands: Looks To Unlock Value Via Champion Sale [Seeking Alpha]
G-III Apparel Group, LTD. (GIII)
Last g-iii apparel group, ltd. earnings: 3/19 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
ir.g-iii.com
Company Research
Source: Seeking Alpha
The sale would help Hanesbrands reduce its debt load and improve its financial position. A divestiture of Champion should result in a more stable and attractive investment opportunity for Hanesbrands. After Hanesbrands ( NYSE: HBI announced their plans to explore alternatives for their Champion brand last September, recent leaks have pointed to an imminent sale of Champion. This seems to be coming at the behest of activist fund Barington, which recently landed three board seats . While the final result is to-be-determined, let's take a look at what a sale would mean for HBI. Background I'm not going into a lot of detail on the history of Hanesbrands, their numerous acquisitions and divestitures, and how they ended up in the mess they are in today. Basically, HBI doesn't have enough growth and earnings to comfortably carry their current $3.3B debt load: As you can see, in 2023 HBI had to roll some very cheap 3.5% and 4.625% notes into 9% senior notes and a 9.11% Term Loan B
Show less
Read more
Impact Snapshot
Event Time:
GIII
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GIII alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GIII alerts
High impacting G-III Apparel Group, LTD. news events
Weekly update
A roundup of the hottest topics
GIII
News
- G-III Apparel Group (NASDAQ:GIII) shareholder returns have been respectable, earning 89% in 1 year [Yahoo! Finance]Yahoo! Finance
- DKNY STEPS UP TO THE PLATE WITH AN ICONIC BILLBOARD AT YANKEE STADIUM [Yahoo! Finance]Yahoo! Finance
- DKNY STEPS UP TO THE PLATE WITH AN ICONIC BILLBOARD AT YANKEE STADIUMPR Newswire
- G-III Apparel Group Full Year 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- G-III Apparel Group, Ltd. (NASDAQ: GIII) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $29.00 price target on the stock.MarketBeat
GIII
Earnings
- 3/14/24 - Beat
GIII
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- GIII's page on the SEC website