Office Depot Inc (ODP): Today's Featured Specialty Retail 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

Office Depot ( ODP) pushed the Specialty Retail industry higher today making it today's featured specialty retail winner. The industry as a whole closed the day down 0.1%. By the end of trading, Office Depot rose $0.15 (3.8%) to $4.13 on average volume. Throughout the day, 12,970,333 shares of Office Depot exchanged hands as compared to its average daily volume of 12,088,800 shares. The stock ranged in a price between $3.93-$4.13 after having opened the day at $3.97 as compared to the previous trading day's close of $3.98. Other companies within the Specialty Retail industry that increased today were: Netflix ( NFLX), up 4.0%, Lentuo International ( LAS), up 3.7%, OfficeMax ( OMX), up 2.6% and Luxottica Group ( LUX), up 2.5%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Office Depot, Inc., together with its subsidiaries, supplies office products and services. Office Depot has a market cap of $1.1 billion and is part of the services sector. Shares are up 21.3% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Office Depot a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Office Depot as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, poor profit margins and feeble growth in its earnings per share.

On the negative front, DGSE Companies ( DGSE), down 12.6%, Hollywood Media Corporation ( HOLL), down 4.3%, Sport Chalet ( SPCHB), down 3.7% and Titan Machinery ( TITN), down 3.0% , were all laggards within the specialty retail industry with Sothebys ( BID) being today's specialty retail industry laggard.

For investors not wanting singular stock exposure, 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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
null

If you liked this article you might like

Mellanox Must Hike 2018 Targets or Face Activist Escalation, M&A

Mellanox Must Hike 2018 Targets or Face Activist Escalation, M&A

Stop the Insanity Amazon Will Not Be Buying Target

Stop the Insanity Amazon Will Not Be Buying Target

'Tis The Season of the Retail Apocalypse -- And There's an ETF for That

'Tis The Season of the Retail Apocalypse -- And There's an ETF for That

Trump, China, Fox and Disney - 5 Things You Must Know Before the Market Opens

Trump, China, Fox and Disney - 5 Things You Must Know Before the Market Opens

Office Depot Launches BizBox for Startups, Small Businesses

Office Depot Launches BizBox for Startups, Small Businesses