Hanesbrands Inc. (HBI, Financial) experienced a significant stock price drop of 5%, with shares trading at $7.58. The trading volume reached 1.97 million shares, resulting in a turnover rate of 0.56% and a price fluctuation of 4.07%.
Recent financial reports show Hanesbrands achieved a revenue of $937 million and a net profit of $32.38 million, translating to earnings per share of $0.08. The company reported a gross profit of $392 million, with a price-to-earnings ratio of -11.69.
Among the seven institutions rating the stock, 29% recommend buying, 43% suggest holding, and 28% advise selling. The apparel manufacturing sector, where Hanesbrands operates, saw an overall decline of 1.41%.
In related stocks, Jerash Holdings, Vince Holdings, and Perfect Moment Ltd. posted notable gains. Meanwhile, companies like The Children's Place, J.Jill Group, and Under Armour-A showed significant trading activity, with turnover rates of 2.97%, 2.85%, and 1.78%, respectively. Stocks with high price volatility included LightInTheBox, The Children's Place, and J.Jill Group, with fluctuations of 15.36%, 14.93%, and 13.43%.
Hanesbrands, founded in 1901 and headquartered in Winston-Salem, North Carolina, owns brands like Hanes, Playtex, Maidenform, and Bali. The company produces over 70% of its products in company-controlled factories across more than 30 countries, distributing in the Americas and Asia-Pacific regions.
