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PetSmart Inc. (PETM): Today's Featured Specialty Retail Laggard

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.

PetSmart (PETM) pushed the Specialty Retail industry lower today making it today's featured Specialty Retail laggard. The industry as a whole closed the day down 0.7%. By the end of trading, PetSmart fell $2.03 (-2.8%) to $69.76 on heavy volume. Throughout the day, 2,459,976 shares of PetSmart exchanged hands as compared to its average daily volume of 1,164,000 shares. The stock ranged in price between $69.01-$70.53 after having opened the day at $69.61 as compared to the previous trading day's close of $71.79. Other companies within the Specialty Retail industry that declined today were: Office Depot (ODP), down 8.0%, China Auto Logistics (CALI), down 5.6%, Big 5 Sporting Goods Corporation (BGFV), down 4.7% and Odyssey Marine Exploration (OMEX), down 3.9%.

PetSmart, Inc., together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in the United States, Puerto Rico, and Canada. PetSmart has a market cap of $7.5 billion and is part of the services sector. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are down 1.3% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate PetSmart a buy, no analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates PetSmart as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Trans World Entertainment (TWMC), up 5.0%, Mecox Lane (MCOX), up 4.7%, Birks Group (BGI), up 4.6% and Perfumania Holdings (PERF), up 3.2% , were all gainers within the specialty retail industry with Outerwall (OUTR) being today's featured specialty retail industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the specialty retail industry could consider SPDR S&P Retail ETF (XRT) while those bearish on the specialty retail industry could consider ProShares Ultra Sht Consumer Goods (SZK).

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