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Hanesbrands Inc. is an American multinational clothing company based in Winston-Salem, North Carolina. [6] It employs 65,300 people internationally. [ 7 ] On September 6, 2006, the company and several brands were spun off by the Sara Lee Corporation .
Company shares plunged more than 20 percent during Thursday's trading session.
Even at this depressed level, Hanesbrands stock trades for about 15 times forward free cash flow. Hanesbrands has successfully stabilized itself and shored up its balance sheet. While this isn't a ...
In the latest trading session, HanesBrands (HBI) closed at $17.20, marking a -0.81% move from the previous day.
But investors remain weary, with company shares closing down 1.27 percent to $15.60 apiece Thursday.
HanesBrands (HBI) closed at $6.69 in the latest trading session, marking a +1.36% move from the prior day.
HanesBrands (HBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A cheap valuation and improving operating results caused investors to take the lid off the stock price last month.