Best Buy Co Inc (BBY): Today's Featured Retail Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Best Buy ( BBY) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Best Buy fell 18 cents (-1%) to $17.66 on light volume. Throughout the day, 2.2 million shares of Best Buy exchanged hands as compared to its average daily volume of 8.6 million shares. The stock ranged in price between $17.64-$18.05 after having opened the day at $17.96 as compared to the previous trading day's close of $17.84. Other companies within the Retail industry that declined today were: Liquidity Service ( LQDT), down 6.5%, Dollar Tree Stores ( DLTR), down 5%, QKL Stores ( QKLS), down 4.2%, and Kirkland's ( KIRK), down 3.5%.
  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. Best Buy has a market cap of $5.99 billion and is part of the services sector. Shares are down 23.7% year to date as of the close of trading on Thursday. Currently there is one analyst that rates Best Buy a buy, one analyst rates it a sell, and 17 rate it a hold.

TheStreet Ratings rates Best Buy as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

On the positive front, China Jo-Jo Drugstores ( CJJD), up 7.1%, Village Super Market ( VLGEA), up 3.8%, Bon-Ton Stores ( BONT), up 3.3%, and Express ( EXPR), up 1.8%, were all gainers within the retail industry with Wal-Mart Stores ( WMT) being today's featured retail industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the retail industry could consider SPDR S&P Retail ETF ( XRT) while those bearish on the retail industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.