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 higher today making it today's featured leisure winner. The industry as a whole closed the day up 1.5%. By the end of trading, Starbucks Corporation rose $1.84 (2.3%) to $81.53 on heavy volume. Throughout the day, 6,415,852 shares of Starbucks Corporation exchanged hands as compared to its average daily volume of 4,132,600 shares. The stock ranged in a price between $79.75-$81.65 after having opened the day at $79.80 as compared to the previous trading day's close of $79.69. Other companies within the Leisure industry that increased today were:
), up 12.7%,
), up 5.9%,
), up 5.9% and
), up 5.1%.
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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 $60.2 billion and is part of the services sector. The company has a P/E ratio of 7992.0, above the S&P 500 P/E ratio of 17.7. Shares are up 49.0% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate Starbucks Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its 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 good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Starbucks Corporation Ratings Report.
On the negative front,
), down 4.7%,
), down 4.0%,
), down 3.7% and
), down 2.9%.
- 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.