Best Textile Manufacturing Stocks Right Now

Take a closer look at these trending textile manufacturing stocks that are on the rise this year.

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Contributor, Benzinga
February 22, 2024

Tapestry (NYSE:TPR)

Coach, Kate Spade, and Stuart Weitzman are the fashion and accessory brands that comprise Tapestry. The firm’s products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (62% of fiscal 2021 sales), Europe, Asia (33% of fiscal 2021 sales), and elsewhere. Coach (74% of fiscal 2021 sales) is best known for affordable luxury leather products. Kate Spade (21% of fiscal 2021 sales) is known for colorful patterns and graphics. Women’s handbags and accessories produced 70% of Tapestry’s sales in fiscal 2021. Stuart Weitzman, Tapestry’s smallest brand, generates nearly all (99%) of its revenue from women’s footwear.

$47.47
0.51[1.09%]
Last update: 9:49AM (Delayed 15-Minutes)
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Open47.290Close-
Vol / Avg.234.594K / 3.753MMkt Cap10.888B
Day Range47.100 - 47.42052 Wk Range25.990 - 47.300

Columbia Sportswear (NASDAQ:COLM)

Founded in 1938, Columbia Sportswear Co. is a global leader in clothing and apparel. It designs, sources, markets and distributes clothes for outdoor and active lifestyle. Columbia Sportswear owns and operates 4 brands – Columbia®, Mountain Hardwear®, SOREL® and prAna®.

The outdoor clothing stock has a market cap of $5 billion and an EPS of $1.89. It has a 52-week low of $51.82 and a 52-week high of $102.05. Columbia Sportswear has high liquidity and trades more than 182,725 shares per day. It generated revenue of $3 billion in 2019.

$81.73
0.23[0.28%]
Last update: 9:48AM (Delayed 15-Minutes)
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Open81.670Close-
Vol / Avg.7.354K / 442.344KMkt Cap4.945B
Day Range81.305 - 81.67052 Wk Range66.010 - 91.625

JOANN (NASDAQ:JOAN)

JOANN Inc is engaged in the sewing business. The company provides fabrics, sewing supplies, yarn and needle arts, paper crafting, jewelry making, fabric crafting, craft lights, wedding decorations, and home decor products. It generates maximum revenue from Arts and Crafts and Home Decor products.

$0.487
-0.0192[-3.79%]
Last update: 9:44AM (Delayed 15-Minutes)
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Open0.501Close-
Vol / Avg.7.930K / 228.824KMkt Cap20.411M
Day Range0.481 - 0.50152 Wk Range0.391 - 3.830

Hanesbrands (NYSE:HBI)

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.

$4.64
0.06[1.31%]
Last update: 9:49AM (Delayed 15-Minutes)
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Open4.580Close-
Vol / Avg.393.981K / 7.749MMkt Cap1.629B
Day Range4.540 - 4.61552 Wk Range3.540 - 5.960

Lululemon Athletica (NASDAQ:LULU)

Based out of Vancouver, Canada, Lululemon is a yoga-based clothes manufacturer. It designs clothes for yoga, cycling and other athletic wear for men and women.

The textile stock has an EPS of $4.94 and a P/E ratio of 56.02. It has a market cap of $36 billion and has high liquidity with more than 2 million shares traded per day. Lululemon generated total revenue of $3.9 billion in 2019.

In April 2020, Lululemon announced that Chief Financial Officer Patrick Guido will depart the company effective May 2020. It’s currently headhunting to fulfill this important role. Recently, Lululemon reopened 150 store locations around the world and plans to open an additional 200 outlets in the coming weeks.

$449.59
6.13[1.38%]
Last update: 9:49AM (Delayed 15-Minutes)
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Open448.100Close-
Vol / Avg.57.166K / 1.469MMkt Cap56.734B
Day Range447.350 - 450.24552 Wk Range286.575 - 516.390

Companies from the textile manufacturing industry specialize in turning raw materials into beautiful embroidery. The recent digital wave of innovation has transformed the textile manufacturing industry. Textile stocks are leveraging modern technology to increase productivity and decrease errors in their procedures. 

Investing in textile stocks now can give you the stitch in time that you need to capitalize on the manufacturing industry.   

Quick Look at the Best Textile Manufacturing Stocks:

Overview: Textile Stocks

Textile manufacturing companies make millions of products used by a wide variety of people and businesses. These products include garments, uniforms, sportswear, bags, bed sheets, upholstery and other fabrics. 

These companies produce or procure the finest materials such as wool, cotton, silk and nylon to make exquisite threads and designs. Naturally, when the rate of these materials shoots up, the textile manufacturing stocks’ profits go down and vice versa. Unsteady oil rates can also affect the distribution and earnings by levying an extra transportation fee on the textile goods. 

Last year, textile stocks were among the biggest gainers from the manufacturing industry. Companies like The Delta Apparel (DLA) and Columbia Sportswear Company (COLM) has performed consistently, but you must watch the market carefully because the fashion industry can be fickle.

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Features to Look for in Textile Manufacturing Stock

  1. EPS: You can determine the profitability of a company by its EPS. The EPS of a company is calculated by dividing its net income by the total number of its outstanding shares. 
  2. Market cap: The market capitalization of the company is its total stock value. The textile manufacturing industry is a broad sector comprising many asset classes. Consider diversifying your portfolio by investing in a range of penny stocks, small-, mid- and large-cap stocks. 
  3. P/E ratio: The price-earnings (P/E) ratio can indicate if the stock is undervalued or overpriced. The lower a P/E ratio, the better the value of a stock compared to its competitors. You can find many textile manufacturing stocks under $20 with low P/E ratios.  

Tailor Your Financial Growth

Although textile manufacturers design and make clothes throughout the year, they make most of their money during spring and summer. The price of these stocks can skyrocket during these 2 seasons, but they might also fall sharply if those collections don’t perform well. Carefully make your investments now while businesses reopen and you could boost your financial growth within a couple of months. 

Q

What are textile stocks?

A

Textile stocks are shares in companies that manufacture textiles.

Q

What's included in textile stocks?

A

Some of the types of textile manufacturing that is included in textile stocks are bags, bed sheets, garments and clothing, other fabrics, sportswear, and uniforms.

 

Q

Are textile stocks a good investment?

A

Textile stocks can be a great way to diversify your portfolio.