Hanesbrands Inc. (HBI) Rises 20.17% for February 07

Equities Staff  |

Among the biggest risers on the S&P 500 on Thursday February 07 was Hanesbrands Inc. ($HBI), popping some 20.17% to a price of $18.71 a share with some 29.39 million shares trading hands.

Starting the day trading at $16.67, Hanesbrands Inc. reached an intraday high of $18.72 and hit intraday lows of $16.36. Shares gained $3.14 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 6.15 million of its 360.73 million share total float. Today’s action puts the stock’s 50-day SMA at $14.26 and 200-day SMA at $17.28 with a 52-week range of $11.57 to $22.65.

Hanesbrands Inc. manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Bali, and Bonds. The company sells wholesale to discount, mid-market, and department store retailers as well as direct to consumers. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.

Hanesbrands Inc. has its corporate headquarters located in Winston-Salem, NC and employs 67,200 people. Its market cap has now risen to $6.75 billion after today’s trading, its P/E ratio is now 303.8, its P/S 1.12, P/B 7.76, and P/FCF -13.1.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Hanesbrands Inc., check out Stock Valuation Analysis tool for HBI.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

To get more information on Hanesbrands Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: HBI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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