Target Corp (TGT): 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

Target ( TGT) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 1.9%. By the end of trading, Target fell $1.35 (-1.9%) to $69.19 on heavy volume. Throughout the day, 9,430,863 shares of Target exchanged hands as compared to its average daily volume of 4,971,200 shares. The stock ranged in price between $68.75-$69.75 after having opened the day at $69.03 as compared to the previous trading day's close of $70.54. Other companies within the Retail industry that declined today were: QKL Stores ( QKLS), down 8.2%, Coastal Contacts ( COA), down 2.5% and DSW ( DSW), down 1.9%.
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Target Corporation operates general merchandise stores in the United States. Target has a market cap of $45.3 billion and is part of the services sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are up 19.2% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Target a buy, no analysts rate it a sell, and 7 rate it a hold.

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 positive front, dELiA*s ( DLIA), down 35.3%, Destination XL Group ( DXLG), down 27.2%, Casual Male Retail Group ( CMRG), down 27.2% and Pharmerica Corporation ( PMC), down 6.3% , were all gainers within the retail industry with ( AMZN) 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).

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