3 Stocks Pushing The Consumer Non-Durables Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 53 points (-0.4%) at 13,873 as of Thursday, Feb. 21, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 851 issues advancing vs. 2,047 declining with 117 unchanged.

The Consumer Non-Durables industry currently sits down 0.2% versus the S&P 500, which is down 0.6%. Top gainers within the industry include Rock-Tenn Company (RKT), up 3.2%, and International Paper (IP), up 2.1%. On the negative front, top decliners within the industry include Coach (COH), down 1.7%, Ralph Lauren (RL), down 0.8% and Estee Lauder Cos (EL), down 0.8%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Columbia Sportswear Company (COLM) is one of the companies pushing the Consumer Non-Durables industry higher today. As of noon trading, Columbia Sportswear Company is up $4.21 (7.8%) to $57.99 on average volume Thus far, 81,233 shares of Columbia Sportswear Company exchanged hands as compared to its average daily volume of 169,000 shares. The stock has ranged in price between $53.95-$57.99 after having opened the day at $54.03 as compared to the previous trading day's close of $53.78.

Columbia Sportswear Company, together with its subsidiaries, engages in the design, development, sourcing, marketing, and distribution of outdoor apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. Columbia Sportswear Company has a market cap of $1.8 billion and is part of the consumer goods sector. The company has a P/E ratio of 18.3, above the S&P 500 P/E ratio of 17.7. Shares are up 0.5% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Columbia Sportswear Company a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Columbia Sportswear Company as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Columbia Sportswear Company Ratings Report now.

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