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3 Stocks Pushing The Retail Industry Lower

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 115 points (0.8%) at 14,816 as of Thursday, May 2, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,190 issues advancing vs. 733 declining with 109 unchanged.

The Retail industry currently sits up 1.6% versus the S&P 500, which is up 0.8%. Top gainers within the industry include Whole Foods Market ( WFM), up 1.9%, eBay ( EBAY), up 1.8%, Lowe's Companies ( LOW), up 1.0% and Home Depot ( HD), up 0.9%.

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

3. Luxottica Group ( LUX) is one of the companies pushing the Retail industry lower today. As of noon trading, Luxottica Group is down $0.38 (-0.7%) to $51.05 on light volume Thus far, 33,068 shares of Luxottica Group exchanged hands as compared to its average daily volume of 120,700 shares. The stock has ranged in price between $50.91-$51.45 after having opened the day at $51.07 as compared to the previous trading day's close of $51.43.

Luxottica Group S.p.A., together with its subsidiaries, provides luxury and sports eyewear worldwide. The company operates in two segments, Manufacturing and Wholesale Distribution, and Retail Distribution. Luxottica Group has a market cap of $24.3 billion and is part of the services sector. The company has a P/E ratio of 45.0, above the S&P 500 P/E ratio of 17.7. Shares are up 24.4% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Luxottica Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Luxottica Group Ratings Report now.

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