3 Stocks Pushing The Consumer Non-Durables Industry Higher

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 53 points (-0.4%) at 13,873 as of Thursday, Feb. 21, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 851 issues advancing vs. 2,047 declining with 117 unchanged.

The Consumer Non-Durables industry currently sits down 0.2% versus the S&P 500, which is down 0.6%. Top gainers within the industry include Rock-Tenn Company ( RKT), up 3.2%, and International Paper ( IP), up 2.1%. On the negative front, top decliners within the industry include Coach ( COH), down 1.7%, Ralph Lauren ( RL), down 0.8% and Estee Lauder Cos ( EL), down 0.8%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Columbia Sportswear Company ( COLM) is one of the companies pushing the Consumer Non-Durables industry higher today. As of noon trading, Columbia Sportswear Company is up $4.21 (7.8%) to $57.99 on average volume Thus far, 81,233 shares of Columbia Sportswear Company exchanged hands as compared to its average daily volume of 169,000 shares. The stock has ranged in price between $53.95-$57.99 after having opened the day at $54.03 as compared to the previous trading day's close of $53.78.

Columbia Sportswear Company, together with its subsidiaries, engages in the design, development, sourcing, marketing, and distribution of outdoor apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. Columbia Sportswear Company has a market cap of $1.8 billion and is part of the consumer goods sector. The company has a P/E ratio of 18.3, above the S&P 500 P/E ratio of 17.7. Shares are up 0.5% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Columbia Sportswear Company a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Columbia Sportswear Company as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Columbia Sportswear Company Ratings Report now.

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2. As of noon trading, Packaging Corporation of America ( PKG) is up $1.27 (3.2%) to $40.51 on heavy volume Thus far, 944,097 shares of Packaging Corporation of America exchanged hands as compared to its average daily volume of 774,300 shares. The stock has ranged in price between $38.91-$40.74 after having opened the day at $39.22 as compared to the previous trading day's close of $39.24.

Packaging Corporation of America produces and sells containerboard and corrugated products in the United States. Packaging Corporation of America has a market cap of $4.0 billion and is part of the consumer goods sector. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are up 4.6% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Packaging Corporation of America a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Packaging Corporation of America as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Packaging Corporation of America Ratings Report now.

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1. As of noon trading, Nike ( NKE) is up $0.74 (1.4%) to $54.76 on average volume Thus far, 1.7 million shares of Nike exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $54.30-$55.04 after having opened the day at $54.83 as compared to the previous trading day's close of $54.02.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessories for men, women, and children worldwide. Nike has a market cap of $39.0 billion and is part of the consumer goods sector. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 5.6% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Nike a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Nike as a buy. 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, growth in earnings per share, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Nike Ratings Report now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider Consumer Staples Select Sector SPDR ( XLP) while those bearish on the consumer non-durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

A reminder about TheStreet Ratings group: 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.
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