3 Stocks Pushing The Specialty Retail 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 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Specialty Retail industry currently sits down 0.24 versus the S&P 500, which is down 0.48. A company within the industry that fell today was CarMax ( KMX), up 1.95.

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

3. Luxottica Group ( LUX) is one of the companies pushing the Specialty Retail industry higher today. As of noon trading, Luxottica Group is up $1.24 (2.50) to $50.80 on light volume Thus far, 31,031 shares of Luxottica Group exchanged hands as compared to its average daily volume of 133,400 shares. The stock has ranged in price between $50.24-$51.16 after having opened the day at $50.57 as compared to the previous trading day's close of $49.56.

Luxottica Group S.p.A., together with its subsidiaries, provides fashion, luxury, and sports eyewear worldwide. The company operates in two segments, Manufacturing and Wholesale Distribution, and Retail Distribution. Luxottica Group has a market cap of $23.6 billion and is part of the services sector. The company has a P/E ratio of 51.1, above the S&P 500 P/E ratio of 17.7. Shares are up 19.9% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Luxottica Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Luxottica Group Ratings Report now.

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2. As of noon trading, AutoNation ( AN) is up $1.16 (2.73) to $43.64 on heavy volume Thus far, 654,745 shares of AutoNation exchanged hands as compared to its average daily volume of 636,600 shares. The stock has ranged in price between $43.43-$47.49 after having opened the day at $44.96 as compared to the previous trading day's close of $42.48.

AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company operates in three segments: Domestic, Import, and Premium Luxury. AutoNation has a market cap of $5.3 billion and is part of the services sector. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 7.0% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates AutoNation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full AutoNation Ratings Report now.

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1. As of noon trading, Staples ( SPLS) is up $0.13 (1.03) to $12.75 on light volume Thus far, 3.5 million shares of Staples exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $12.41-$12.80 after having opened the day at $12.62 as compared to the previous trading day's close of $12.62.

Staples, Inc., together with its subsidiaries, operates as an office products company. It operates in three segments: North American Stores & Online, North American Commercial, and International Operations. Staples has a market cap of $8.7 billion and is part of the services sector. Shares are up 14.7% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Staples as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Staples 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 specialty retail industry could consider SPDR S&P Retail ETF ( XRT) while those bearish on the specialty retail 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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