Is Hanesbrands Stock a Buy?

Lawrence Rothman, CFA, The Motley Fool
·3 min read
Is Hanesbrands Stock a Buy?

Hanesbrands' (NYSE: HBI) stock price hit the skids earlier this month after the company released earnings and issued disappointing guidance. Now is a good time to evaluate Hanesbrands' prospects and determine whether the current price represents a good value -- or if the recent results and stock price movement are a warning sign for investors to stay away. While Hanesbrands was able to sell $179 million worth of personal protection equipment (PPE) to offset some of this weakness, third-quarter sales were down 3% versus a year ago to $1.8 billion.