Hanesbrands Stock Hits New 52-Week High (HBI)

NEW YORK ( TheStreet) -- Hanesbrands (NYSE: HBI) hit a new 52-week high Monday as it is currently trading at $52.99, above its previous 52-week high of $52.88 with 55,746 shares traded as of 9:50 a.m. ET. Average volume has been 968,400 shares over the past 30 days.

Hanesbrands has a market cap of $5.16 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 46.6% year to date as of the close of trading on Friday.

Hanesbrands Inc., a consumer goods company, engages in designing, manufacturing, sourcing, and selling a range of basic apparel in the United States.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Hanesbrands as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, good cash flow from operations and expanding profit margins. 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.

See all 52-week high stocks or get investment ideas from our investment research center.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..

If you liked this article you might like

Week Ahead: Apple Earnings, Jobs Report on the Docket in Busy Start to May

Hanesbrands Stock Rising on Preliminary First-Quarter Results

Hanesbrands Stock Rises