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 0.8%. By the end of trading, Hanesbrands rose $0.74 (1.0%) to $74.35 on light volume. Throughout the day, 452,705 shares of Hanesbrands exchanged hands as compared to its average daily volume of 689,600 shares. The stock ranged in a price between $73.53-$74.80 after having opened the day at $73.76 as compared to the previous trading day's close of $73.61. Other companies within the Consumer Non-Durables industry that increased today were: Standard Register Company ( SR), up 14.3%, American Apparel ( APP), up 13.4%, Joe's Jeans ( JOEZ), up 6.9% and Delta Apparel ( DLA), up 5.9%.

Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells various basic apparels primarily in the United States. The company operates in four segments: Innerwear, Activewear, Direct to Consumer, and International. Hanesbrands has a market cap of $7.2 billion and is part of the consumer goods sector. Shares are up 4.8% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Hanesbrands a buy, no analysts rate it a sell, and 3 rate 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, revenue growth, 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 sub par growth in net income.

On the negative front, Verso Paper ( VRS), down 2.5%, Xerium Technologies ( XRM), down 2.4%, DS Healthcare Group ( DSKX), down 2.2% and Quiksilver ( ZQK), down 2.1%.

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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