Saks Incorporated (SKS): Today's Featured 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.
(
) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Saks Incorporated fell $0.95 (-6.0%) to $14.94 on heavy volume. Throughout the day, 9,586,078 shares of Saks Incorporated exchanged hands as compared to its average daily volume of 2,468,300 shares. The stock ranged in price between $14.94-$15.99 after having opened the day at $15.97 as compared to the previous trading day's close of $15.89. Other companies within the Retail industry that declined today were:
(
), down 23.3%,
LightInTheBox Holding Co Ltd ADR
(
), down 6.8%,
(
), down 4.6% and
(
), down 3.5%.
Saks Incorporated operates retail stores in the United States. The company’s retail stores offer an assortment of fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. Saks Incorporated has a market cap of $2.2 billion and is part of the services sector. Shares are up 51.2% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Saks Incorporated a buy, 2 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Saks Incorporated
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Saks Incorporated Ratings Report.
On the positive front,
(
), up 12.2%,
(
), up 8.2%,
(
), up 4.7% and
(
), up 4.5% , were all gainers within the retail industry with
(
) being today's featured retail industry leader.
- Use our retail section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the retail industry could consider
(
) while those bearish on the retail industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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