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 0.5%. By the end of trading, PetSmart fell $1.38 (-2%) to $66.11 on average volume. Throughout the day, 1.1 million shares of PetSmart exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $66.03-$67.49 after having opened the day at $67.30 as compared to the previous trading day's close of $67.49. Other company's within the Specialty Retail industry that declined today were:

Lentuo International

(

LAS

), down 9.1%,

Vitamin Shoppe

(

VSI

), down 5%,

iParty Corporation

(

IPT

), down 4.8%, and

Birks & Mayors

(

BMJ

), down 4.6%.

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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 $7.39 billion and is part of the

services

sector. The company has a P/E ratio of 24.4, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 31.6% year to date as of the close of trading on Monday. Currently there are eight analysts that rate PetSmart a buy, no analysts rate it a sell, and 13 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, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

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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