Hanesbrands Inc (HBI): Today's Featured Consumer Goods Winner

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.

Hanesbrands ( HBI) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day up 0.2%. By the end of trading, Hanesbrands rose $0.77 (1.5%) to $53.36 on light volume. Throughout the day, 417,701 shares of Hanesbrands exchanged hands as compared to its average daily volume of 768,700 shares. The stock ranged in a price between $52.29-$53.62 after having opened the day at $52.75 as compared to the previous trading day's close of $52.59. Other companies within the Consumer Goods sector that increased today were: China Marine Food Group ( CMFO), up 28.9%, SGOCO Group ( SGOC), up 26.9%, Global-Tech Advanced Innovations ( GAI), up 9.9% and American Lorain ( ALN), up 7.3%.

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 $5.2 billion and is part of the consumer non-durables industry. Shares are up 46.8% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Hanesbrands a buy, no analysts rate it a sell, and 1 rates it a hold.

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.

On the negative front, Omega Protein Corporation ( OME), down 8.5%, Castle Brands Incorporated ( ROX), down 7.1%, Lifeway Foods ( LWAY), down 4.8% and Standard Motor Products ( SMP), down 3.9% , were all laggards within the consumer goods sector with Lorillard ( LO) being today's consumer goods sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).

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