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TheStreet Open House

5 Clothing and Footwear Stocks With Upside

Stocks in this article: VFC TRLG COH SHOO HBI

1. Hanesbrands (HBI - Get Report) is a consumer goods company with a portfolio of apparel brands. The company design, manufactures, source and sells a range of apparels. It operates in five segments: innerwear, outerwear, hosiery, direct-to-consumer and international.

Of the 11 analysts covering the stock, 64% recommended a buy and 36% suggest a hold. The stock's average 12-month price target is $34.71, about 45.5% higher than the current price of $177.95, according to data compiled by a Bloomberg.

Hanesbrands reported total sales of $1.23 billion for 2011 third quarter, up 5% from $1.17 billion in the same quarter prior year. Net income rose 48.12% to $90.8 million from $61.3 billion reported last year for the same quarter. Cash and cash equivalents at the end of Oct. 1, 2011 stood at $48 million as compared to $44 million as of Jan. 1, 2011. Operating margin for the quarter came in at 12.4%, the highest since the company's inception in Sept. 2006.

For the fourth quarter, the company expects net sales of $1.2 billion to $1.3 billion, and net sales of $4.7 billion to $4.8 billion for full year 2011. Meanwhile, inventory at the end of 2011 is estimated to be in between $250 and $300 million, higher than year-end 2010 as a result of high inflationary costs. Net capital expenditures for the year 2011 are seen totalling to $90 million, with heavy investments made in the company's infrastructure.

>>To see these stocks in action, visit the 5 Clothing and Footwear Stocks With Upside portfolio on Stockpickr.

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