The retail industry closed the day down 2.2%. Bidz.com Inc ( BIDZ), Haverty Furniture Companies CL A ( HVT.A), Pacific Sunwear ( PSUN), and China Jo-Jo Drugstores Inc ( CJJD) were all winners today within the retail industry with Walgreen Company ( WAG) being today's featured retail winner. Walgreen Company rose 41 cents (1.3%) to $32.94 on average volume. Throughout the day, 10.2 million shares of Walgreen Company exchanged hands as compared to its average daily volume of 8.7 million shares. Walgreen Co., together with its subsidiaries, engages in the operation of a chain of drugstores in the United States. The company's drugstores sell prescription and non-prescription drugs, and general merchandise. Walgreen Company has a market cap of $29.7 billion and is part of the services sector. The company has a P/E ratio of 12.1, above the average retail industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 15.9% year to date as of the close of trading on Thursday. TheStreet Ratings rates Walgreen as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
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