Best Gas Utility Companies To Watch In Right Now: Hanesbrands Inc. (HBI)
Hanesbrands Inc., a consumer goods company, engages in the design, manufacture, sourcing, and sale of apparel essentials in the United States and internationally. Its product portfolio includes T-shirts, bras, panties, men?s underwear, kids? underwear, casualwear, activewear, socks, and hosiery. The company offers its products under the brand names of Hanes, Champion, Playtex, Bali, L?eggs, Just My Size, barely there, Wonderbra, Stedman, Outer Banks, Zorba, Rinbros, and Duofold. Hanesbrands also licenses its Champion name for collegiate apparel and footwear. The company sells its products through various distribution channels, which include mass merchants, national chains and department stores, direct to Consumer, and other retail channels, such as embellishers, specialty retailers, and sporting goods stores. As of January 2, 2010, it operated 228 outlet stores. The company is headquartered in Winston-Salem, North Carolina. Hanesbrands Inc. operates independently of Sara L ee Corp. as of September 5, 2006.
Advisors' Opinion:- [By Dan Caplinger]
Wednesday proved to be another example of the resiliency of the bull market in stocks, as major market benchmarks bounced back from yesterday's losses to regain a substantial chunk of their lost ground. Even though U.S. GDP figures for the first quarter got revised downward to an ugly drop of 2.9%, few investors believe that the decline is anything but a one-time seasonal aberration. Helping to lead the market higher today were stocks from a number of different industries, including Penn Virginia (NYSE: PVA ) , Hanesbrands (NYSE: HBI ) , and zulily (NASDAQ: ZU ) .
- [By Stoyan Bojinov]
Goldman Sachs announced on Tuesday that it was resuming coverage of the North Carolina-based apparel company, Hanesbrands Inc. (HBI).
Taposh Bari, an analyst with the firm, commented about how Hane! sbrands is the best performing stock in its universe, gaining a stellar 70% YTD compared to S&P 500′s gains of 20%. Bari cited a number of operational improvements that the company has undertaken, although he went onto to warn that, “HBI appears to have become a defensive stock, evidenced by its expanded multiple, as investors reward its macroindependent upward EPS revisions. If our observation is accurate, HBI’s multiple could be at risk if industry conditions improve.” As such, Goldman Sachs has the stock rated at “Neutral” with a price target of $66 a share.
Hanesbrands shares traded lower on Tuesday, shedding 0.74% on the day. The stock is up nearly 70% YTD.
- [By , Zacks Investment Research]
Investors seeking exposure to the Apparel industry could look at HanesBrand (HBI), a Zacks Rank #1 (Strong Buy) stock.
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source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/best-gas-utility-companies-to-watch-in-right-now.html
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