Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Hanesbrands fell $1.35 (-1.9%) to $71.14 on heavy volume. Throughout the day, 1,617,623 shares of Hanesbrands exchanged hands as compared to its average daily volume of 602,700 shares. The stock ranged in price between $70.57-$71.61 after having opened the day at $71.48 as compared to the previous trading day's close of $72.49. Other companies within the Consumer Non-Durables industry that declined today were:
), down 51.7%,
), down 5.0%,
), down 4.9% and
), down 4.3%.
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Hanesbrands Inc., a consumer goods company, engages in designing, manufacturing, sourcing, and selling a range of basic apparel in the United States. Hanesbrands has a market cap of $6.5 billion and is part of the consumer goods sector. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7. Shares are up 3.2% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Hanesbrands a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Hanesbrands Ratings Report.
On the positive front,
), up 7.2%,
), up 7.1%,
), up 3.2% and
), up 2.5% , were all gainers within the consumer non-durables industry with
) being today's featured consumer non-durables industry leader.
- Use our consumer non-durables section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider
) while those bearish on the consumer non-durables industry could consider
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