Best Textile Manufacturing Stocks Right Now

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:

• Tapestry
• Columbia Sportswear Co.
• JoAnn, Inc.
• Hanesbrands
• Lululemon

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.

Best Online Brokers for Textile Manufacturing Stock

Find and trade stocks within seconds with an online broker. These platforms let you manage your portfolio and empower you with powerful tools to research your investments. 

Benzinga suggests these online brokers to help you get started. 

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.