Hanesbrands Inc. (HBI, Financial) recently experienced a significant drop in its stock price, falling by 5.01%. At the last report, shares were priced at $7.96 with a trading volume of approximately 3.76 million shares and a turnover rate of 1.07%. The stock's volatility reached 5.85% during the period.
Financial highlights from the latest earnings report show Hanesbrands generating revenue of $937 million, with a net profit of $32.38 million and earnings per share of $0.09. The company reported a gross profit of $390 million, while the price-to-earnings ratio stood at -12.25.
Regarding analyst recommendations, 14% of analysts suggest buying the stock, 57% recommend holding, and 29% advise selling based on seven firms' evaluations.
Within the apparel manufacturing sector, where Hanesbrands is situated, the overall decline was 0.31%. Notable gainers in this sector included Xcel Brands, Inc. and Children's Place, while stocks like Figs, Inc., Under Armour (A), and Children's Place were more actively traded. Under Armour (A) demonstrated notable volatility alongside other stocks like Xcel Brands, Inc.
Hanesbrands is well-known for its brands such as Hanes, Playtex, Maidenform, Bali, Berlei, and Bonds. They specialize in basic and athletic apparel, distributing products through various channels including discount and department store retailers, as well as direct-to-consumer sales via physical and e-commerce stores. As a vertically integrated company, Hanesbrands produces over 70% of its products in company-controlled factories across more than 30 countries, with distribution extending across the Americas and Asia Pacific. The company, founded in 1901, is headquartered in Winston-Salem, North Carolina.
