BBBY, KORS And DG, 3 Retail Stocks Pushing The 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.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 24 points (-0.1%) at 16,982 as of Wednesday, Oct. 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,291 issues advancing vs. 1,724 declining with 155 unchanged.
The Retail industry currently sits down 0.3% versus the S&P 500, which is down 0.2%. A company within the industry that fell today was
(
), up 1.2%. A company within the industry that increased today was
(
), up 0.5%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
TheStreet Recommends
3.
(
) is one of the companies pushing the Retail industry lower today. As of noon trading, Bed Bath & Beyond is down $0.63 (-0.9%) to $65.67 on light volume. Thus far, 455,253 shares of Bed Bath & Beyond exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $65.60-$66.41 after having opened the day at $66.39 as compared to the previous trading day's close of $66.30.
Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. Bed Bath & Beyond has a market cap of $12.2 billion and is part of the services sector. Shares are down 17.4% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Bed Bath & Beyond a buy, 2 analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
Bed Bath & Beyond
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Bed Bath & Beyond Ratings Report
now.
2. As of noon trading,
(
) is down $1.46 (-1.9%) to $76.71 on average volume. Thus far, 1.8 million shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $75.86-$77.54 after having opened the day at $77.33 as compared to the previous trading day's close of $78.17.
Michael Kors Holdings Limited is engaged in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. Michael Kors Holdings has a market cap of $15.7 billion and is part of the consumer goods sector. Shares are down 3.7% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Michael Kors Holdings a buy, 2 analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Michael Kors Holdings
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
Michael Kors Holdings Ratings Report
now.
1. As of noon trading,
(
) is down $0.47 (-0.8%) to $62.20 on light volume. Thus far, 386,435 shares of Dollar General exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $62.13-$62.79 after having opened the day at $62.57 as compared to the previous trading day's close of $62.67.
Dollar General Corporation, a discount retailer, provides merchandise products in the United States. Dollar General has a market cap of $18.8 billion and is part of the services sector. Shares are up 3.9% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Dollar General a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Dollar General
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
If you are interested in one of these 3 stocks, 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
(
).
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