Hanesbrands Inc (HBI): Today's Featured Consumer Non-Durables Laggard

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 lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Hanesbrands fell $0.67 (-1.1%) to $59.39 on average volume. Throughout the day, 718,320 shares of Hanesbrands exchanged hands as compared to its average daily volume of 782,700 shares. The stock ranged in price between $59.35-$60.58 after having opened the day at $60.12 as compared to the previous trading day's close of $60.06. Other companies within the Consumer Non-Durables industry that declined today were: Fuwei Films (Holdings ( FFHL), down 9.5%, Mannatech ( MTEX), down 7.3%, STR Holdings ( STRI), down 4.9% and Zuoan Fashion ( ZA), down 3.7%.

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 67.7% 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 2 rate it a hold.

TheStreet Ratings rates Hanesbrands as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, expanding profit margins and solid stock price performance. 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 positive front, Inter Parfums ( IPAR), up 6.1%, Crown Crafts ( CRWS), up 5.2%, Joe's Jeans ( JOEZ), up 5.0% and Verso Paper ( VRS), up 4.7% , were all gainers within the consumer non-durables industry with PVH ( PVH) being today's featured consumer non-durables industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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