4 Consumer Non-Durables Stocks Pushing Industry Growth

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 72 points (0.5%) at 14,749 as of Thursday, April 25, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,049 issues advancing vs. 833 declining with 158 unchanged.

The Consumer Non-Durables industry currently sits up 0.5% versus the S&P 500, which is up 0.7%. Top gainers within the industry include Colgate-Palmolive Company ( CL), up 2.1%, and VF Corporation ( VFC), up 2.0%. A company within the industry that fell today was International Paper ( IP), up 1.44.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Carter's ( CRI) is one of the companies pushing the Consumer Non-Durables industry higher today. As of noon trading, Carter's is up $4.19 (6.93) to $64.68 on heavy volume Thus far, 2.5 million shares of Carter's exchanged hands as compared to its average daily volume of 785,500 shares. The stock has ranged in price between $62.30-$65.36 after having opened the day at $63.00 as compared to the previous trading day's close of $60.49.

Carter's, Inc., together with its subsidiaries, designs, sources, and markets branded children's wear. The company provides its products under the Carter's, Child of Mine, Just One You, Precious Firsts, OshKosh, and other brands. Carter's has a market cap of $3.6 billion and is part of the consumer goods sector. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 8.7% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Carter's 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Carter's Ratings Report now.

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