Winston-Salem, N.C.-based Hanesbrands (HBI) designs, manufactures and sells innerwear and activewear apparel worldwide, notes John Dobosz, editor of Forbes Dividend Investor — and a participant in The MoneyShow Orlando Conference on June 10-12. Learn more here.

Products include underwear, socks, T-shirts, sweatshirts, and bras. Brands include Hanes, Champion, Bonds, Maidenform, DIM, Bali, Playtex, Bras N Things, L’eggs, Just My Size, and Wonderbra.

The company recently reported quarterly revenue and profit that topped analysts’ estimates, but the stock fell more than 14% at one point because management offered lower sales and earnings guidance for the rest of the year.

The company expects 2021 adjusted earnings of $1.51 to $1.59 per share, and sales of $6.2 billion to $6.3 billion, compared to Wall Street’s forecast for EPS of $1.61 and sales of $6.71 billion.

Management outlined a three-year growth strategy for its Champion brand that it says should increase compound annual sales growth by 6% per year through 2024.

Revenue in the most recent quarter grew 25.4% from one year ago, and over the past 12 months, sales have totaled $6.86 billion. Hanesbrands generated $1.43 in free cash flow per share over the past 12 months, which is comfortably higher than $0.60 in annual dividends.

Stock purchases by insiders buttress the bullish case on Hanesbrands. A member of the board of directors and a division president recently bought more than $350,000 worth of company stock.

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