Target Corp (TGT): Today's Featured Services Winner

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

Target ( TGT) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 0.8%. By the end of trading, Target rose $0.75 (1.1%) to $69.04 on average volume. Throughout the day, 4,038,819 shares of Target exchanged hands as compared to its average daily volume of 5,100,400 shares. The stock ranged in a price between $68.12-$69.22 after having opened the day at $68.81 as compared to the previous trading day's close of $68.29. Other companies within the Services sector that increased today were: Destination XL Group ( DXLG), up 24.8%, Casual Male Retail Group ( CMRG), up 24.8%, CIBT Education Group ( MBA), up 21.4% and Overstock.com ( OSTK), up 19.3%.
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Target Corporation operates general merchandise stores in the United States. Target has a market cap of $44.1 billion and is part of the retail industry. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are up 15.4% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Target as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Excel Maritime Carriers ( EXM), down 44.9%, Acacia Research Coroporation ( ACTG), down 27.3%, Bluefly ( BFLY), down 18.2% and PRGX Global ( PRGX), down 16.0% , were all laggards within the services sector with Avnet ( AVT) being today's services sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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