Hanesbrands Inc (HBI): Today's Featured Consumer Non-Durables 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 Non-Durables industry higher today making it today's featured consumer non-durables winner. The industry as a whole closed the day up 0.4%. By the end of trading, Hanesbrands rose $4.00 (6.7%) to $63.46 on heavy volume. Throughout the day, 2,511,508 shares of Hanesbrands exchanged hands as compared to its average daily volume of 775,000 shares. The stock ranged in a price between $62.03-$65.60 after having opened the day at $62.99 as compared to the previous trading day's close of $59.46. Other companies within the Consumer Non-Durables industry that increased today were: China Shengda Packaging Group ( CPGI), up 13.2%, Herbalife ( HLF), up 9.1%, Mannatech ( MTEX), up 8.2% and Rogers Corporation ( ROG), up 5.5%.

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 $5.9 billion and is part of the consumer goods sector. Shares are up 66.0% year to date as of the close of trading on Tuesday. 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, ACCO Brands ( ACCO), down 9.1%, Orient Paper ( ONP), down 4.5%, Wausau Paper Corporation ( WPP), down 3.4% and Energizer Holdings ( ENR), down 3.0% , were all laggards within the consumer non-durables industry with Ecolab ( ECL) being today's consumer non-durables industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider Consumer Staples Select Sector SPDR ( XLP) while those bearish on the consumer non-durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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