Trade-Ideas: Hanesbrands (HBI) Is Today's Post-Market Leader Stock

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.

Trade-Ideas LLC identified Hanesbrands ( HBI) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Hanesbrands as such a stock due to the following factors:

  • HBI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $61.5 million.
  • HBI is up 4.7% today from today's close.

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More details on HBI:

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. The stock currently has a dividend yield of 1.2%. HBI has a PE ratio of 30.8. Currently there are 5 analysts that rate Hanesbrands a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Hanesbrands has been 792,800 shares per day over the past 30 days. Hanesbrands has a market cap of $9.6 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 1.16 and a short float of 2.1% with 2.94 days to cover. Shares are up 39.3% year-to-date as of the close of trading on Tuesday.

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