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 Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Starbucks Corporation fell $1.36 (-2.0%) to $67.66 on average volume. Throughout the day, 4,199,643 shares of Starbucks Corporation exchanged hands as compared to its average daily volume of 4,370,900 shares. The stock ranged in price between $67.45-$69.32 after having opened the day at $69.24 as compared to the previous trading day's close of $69.02. Other companies within the Leisure industry that declined today were:
), down 7.4%,
), down 6.6%,
), down 6.5% and
), down 6.1%.
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Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. As of September 30, 2012, the company operated 9,405 company-operated stores and 8,661 licensed stores. Starbucks Corporation has a market cap of $51.5 billion and is part of the services sector. Shares are up 28.3% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Starbucks Corporation a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
. 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 good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Starbucks Corporation Ratings Report.
On the positive front,
), up 8.2%,
), up 5.0%,
), up 3.3% and
), up 2.7% , were all gainers within the leisure industry with
) being today's featured leisure industry leader.
- Use our leisure 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 leisure industry could consider
) while those bearish on the leisure industry could consider
- Find other investment ideas from our top rated ETFs lists.