OI, RL, NKE And COH, 4 Consumer Non-Durables Stocks Pushing The Industry Lower

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 3 points (0.0%) at 15,304 as of Thursday, May 23, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 979 issues advancing vs. 1,985 declining with 110 unchanged.

The Consumer Non-Durables industry currently sits down 0.33 versus the S&P 500, which is down 0.37.

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

4. Owens-Illinois ( OI) is one of the companies pushing the Consumer Non-Durables industry lower today. As of noon trading, Owens-Illinois is down $0.71 (-2.5%) to $28.03 on average volume Thus far, 509,401 shares of Owens-Illinois exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $27.84-$28.49 after having opened the day at $28.29 as compared to the previous trading day's close of $28.74.

Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. Owens-Illinois has a market cap of $4.8 billion and is part of the consumer goods sector. The company has a P/E ratio of 33.2, above the S&P 500 P/E ratio of 17.7. Shares are up 35.1% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Owens-Illinois as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins. Get the full Owens-Illinois Ratings Report now.

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3. As of noon trading, Ralph Lauren ( RL) is down $4.59 (-2.4%) to $183.47 on heavy volume Thus far, 939,784 shares of Ralph Lauren exchanged hands as compared to its average daily volume of 557,400 shares. The stock has ranged in price between $177.81-$184.49 after having opened the day at $179.99 as compared to the previous trading day's close of $188.06.

Ralph Lauren Corporation engages in the design, marketing, and distribution of lifestyle products. Ralph Lauren has a market cap of $11.5 billion and is part of the consumer goods sector. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. Shares are up 25.4% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Ralph Lauren as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Ralph Lauren Ratings Report now.

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2. As of noon trading, Nike ( NKE) is down $1.02 (-1.6%) to $63.43 on average volume Thus far, 1.9 million shares of Nike exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $63.25-$64.15 after having opened the day at $63.98 as compared to the previous trading day's close of $64.45.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessories for men, women, and children worldwide. Nike has a market cap of $46.7 billion and is part of the consumer goods sector. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7. Shares are up 24.9% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Nike 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, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Nike Ratings Report now.

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1. As of noon trading, Coach ( COH) is down $0.76 (-1.3%) to $58.29 on light volume Thus far, 1.5 million shares of Coach exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $57.82-$58.60 after having opened the day at $58.35 as compared to the previous trading day's close of $59.05.

Coach, Inc. engages in the design, marketing, and distribution of handbags, accessories, wearables, footwear, jewelry, sunwear, travel bags, watches, and fragrances for women and men in the United States and internationally. Coach has a market cap of $16.7 billion and is part of the consumer goods sector. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7. Shares are up 7.4% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Coach 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, growth in earnings per share, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Coach Ratings Report now.

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.

If you are interested in one of these 4 stocks, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider Consumer Staples Select Sector SPDR ( XLP) while those bearish on the consumer non-durables 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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