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3 Stocks Pushing The Specialty Retail Industry Lower

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.

The Specialty Retail industry as a whole closed the day down 0.5% versus the S&P 500, which was down 0.1%. Laggards within the Specialty Retail industry included Sport Chalet ( SPCHA), down 2.8%, China Auto Logistics ( CALI), down 3.1%, DGSE Companies ( DGSE), down 6.5%, Dover Saddlery ( DOVR), down 1.5% and Mecox Lane ( MCOX), down 2.8%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Dover Saddlery ( DOVR) is one of the companies that pushed the Specialty Retail industry lower today. Dover Saddlery was down $0.08 (1.5%) to $5.10 on heavy volume. Throughout the day, 24,500 shares of Dover Saddlery exchanged hands as compared to its average daily volume of 10,200 shares. The stock ranged in price between $5.10-$5.12 after having opened the day at $5.12 as compared to the previous trading day's close of $5.18.

Dover Saddlery, Inc. operates as a specialty retailer and omni-channel marketer of equestrian products in the United States. The company offers a selection of products required to own, ride, train, and compete with a horse. Dover Saddlery has a market cap of $27.8 million and is part of the basic materials sector. Shares are down 3.2% year-to-date as of the close of trading on Thursday.

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TheStreet Ratings rates Dover Saddlery as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share.

Highlights from TheStreet Ratings analysis on DOVR go as follows:

  • DOVR's revenue growth has slightly outpaced the industry average of 0.6%. Since the same quarter one year prior, revenues slightly increased by 9.3%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.
  • Compared to its closing price of one year ago, DOVR's share price has jumped by 30.83%, exceeding the performance of the broader market during that same time frame. Although DOVR had significant growth over the past year, our hold rating indicates that we do not recommend additional investment in this stock at the current time.
  • 37.72% is the gross profit margin for DOVER SADDLERY INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -2.75% trails the industry average.
  • The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and the Specialty Retail industry average. The net income has decreased by 0.9% when compared to the same quarter one year ago, dropping from -$0.54 million to -$0.54 million.
  • Net operating cash flow has significantly decreased to -$7.09 million or 81.24% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

You can view the full analysis from the report here: Dover Saddlery Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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