Hanesbrands Inc. Stock Rises Tuesday, Outperforms Market

HanesBrands Inc

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Consumer Discretionary : Textiles, Apparel & Luxury Goods | Small Cap Value

Company profile

Hanesbrands Inc. is a marketer of everyday basic innerwear and activewear apparel. The Company operates through three segments: Innerwear, Activewear and International. Its Innerwear segment includes apparel products, such as men’s underwear, women’s panties, children’s underwear, socks and intimate apparel, which includes bras and shapewear, and its primary brands include Hanes, Bali, Maidenform, Playtex, Champion, JMS/Just My Size, Bras N Things and Polo Ralph Lauren. The Company’s Activewear segment includes activewear products, such as T-shirts, fleece, performance apparel, sports shirts and thermals, and its primary brands include Champion, Hanes, Alternative, Gear for Sports, Comfortwash, JMS/Just My Size and Hanes Beefy-T. Its International segment includes innerwear, activewear and home goods products, and primary brands include Champion, Bonds, Sheridan, Bras N Things, Hanes, Playtex, Berlei, Wonderbra, Maidenform, Rinbros, Zorba, Sol y Oro and Polo Ralph Lauren.

Hanesbrands Inc. Stock Rises Tuesday, Outperforms Market

4:58 pm ET January 31, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Hanesbrands Inc. (HBI) advanced 4.46% to $8.44 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.46% to 4,076.60 and the Dow Jones Industrial Average rising 1.09% to 34,086.04. Hanesbrands Inc. closed $8.31 below its 52-week high ($16.75), which the company achieved on February 3rd.

The stock outperformed some of its competitors Tuesday, as Berkshire Hathaway Inc. Cl A (BRKA) rose 1.71% to $472,999.90, Berkshire Hathaway Inc. Cl B (BRKA) rose 1.36% to $311.52, and VF Corp. (VFC) rose 2.72% to $30.94. Trading volume (7.4 M) remained 1.8 million below its 50-day average volume of 9.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 31, 2023.

(END) Dow Jones Newswires

January 31, 2023 16:58 ET (21:58 GMT)