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 up 0.5%. By the end of trading, Office Depot rose $0.05 (1.1%) to $4.46 on average volume. Throughout the day, 7,943,301 shares of Office Depot exchanged hands as compared to its average daily volume of 7,239,600 shares. The stock ranged in a price between $4.26-$4.48 after having opened the day at $4.44 as compared to the previous trading day's close of $4.41. Other companies within the Specialty Retail industry that increased today were: Odyssey Marine Exploration ( OMEX), up 8.8%, Zale Corporation ( ZLC), up 6.9%, Lithia Motors ( LAD), up 4.3% and Copart ( CPRT), up 3.9%.
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Office Depot, Inc., together with its subsidiaries, supplies office products and services. Office Depot has a market cap of $1.2 billion and is part of the services sector. Shares are up 34.5% year to date as of the close of trading on Friday. 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, Mecox Lane ( MCOX), down 5.2%, Books-A-Million ( BAMM), down 5.0%, DGSE Companies ( DGSE), down 4.7% and KAR Auction Services ( KAR), down 3.7% , were all laggards within the specialty retail industry with Staples ( SPLS) 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).

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