Hanesbrands Inc. (NYSE:HBI) traded at a new 52-week high today of $22.30. Approximately 1.7 million shares have changed hands today, as compared to an average 30-day volume of 3.9 million shares.
Hanesbrands Inc. (NYSE:HBI) defies analysts with a current price ($22.25) 1.6% above its average consensus price target of $21.90.
In the past 52 weeks, Hanesbrands Inc. share prices are bracketed by a low of $7.71 and a high of $22.30 and is now at $22.25, 189% above that low price.
Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Bali, and Bonds. The company sells wholesale to discount, midmarket, 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.
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