Investors interested in Consumer Discretionary stocks should always be on the lookout for top-performing companies in the sector. One such company to consider is HanesBrands (HBI). HanesBrands is part of the Consumer Discretionary sector, which ranks #9 in the Zacks Sector Rank out of 285 individual stocks. The Zacks Rank system, which focuses on earnings estimates and revisions, currently rates HanesBrands as a #1 (Strong Buy) stock.
In the past quarter, analysts have increased their full-year earnings estimate for HBI by 2.6%, indicating a positive sentiment towards the company’s earnings outlook. Year-to-date, HanesBrands has returned 14.8%, outperforming the sector average of -1.8%. Another notable outperformer in the Consumer Discretionary sector is Royal Caribbean (RCL), which has returned 14.1% this year.
HanesBrands belongs to the Textile – Apparel industry, which ranks #77 out of 21 companies in the Zacks Industry Rank. On the other hand, Royal Caribbean operates in the Leisure and Recreation Services industry, which ranks #94 out of 36 companies. Despite the challenges faced by the industries, both HanesBrands and Royal Caribbean have shown strong performance this year.
Moving forward, investors interested in Consumer Discretionary stocks should keep a close eye on HanesBrands and Royal Caribbean as they continue to deliver solid performance in the market.