Is HanesBrands Making Money? — Market Mad House
Mr. Market is taking a sudden interest in the underwear manufacturer HanesBrands Inc. (NYSE: HBI).
Hanes’ share price grew from $10.77 on 9 July 2020 to $15.95 on 11 August 2020. However, HanesBrands began 2020 at a price of $15.04 on 2 January.
So why do Mr. Market and ordinary investors like HanesBrands? My theory is that investors want Hanes because it is a retail clothing brand that does not require a brick and mortar store.