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

Office Depot ( ODP) pushed the Specialty Retail industry lower today making it today's featured Specialty Retail laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Office Depot fell $0.07 (-1.6%) to $4.28 on average volume. Throughout the day, 6,295,972 shares of Office Depot exchanged hands as compared to its average daily volume of 7,015,400 shares. The stock ranged in price between $4.26-$4.38 after having opened the day at $4.38 as compared to the previous trading day's close of $4.35. Other companies within the Specialty Retail industry that declined today were: Lentuo International ( LAS), down 4.6%, Cencosud ( CNCO), down 3.3% and Francescas Holdings ( FRAN), down 2.4%.
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Office Depot, Inc., together with its subsidiaries, supplies office products and services. Office Depot has a market cap of $1.3 billion and is part of the services sector. Shares are up 32.6% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Office Depot a buy, no analysts rate 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 positive front, Zale Corporation ( ZLC), down 6.9%, Build-A-Bear Workshop ( BBW), down 4.3%, Penske Automotive Group ( PAG), down 4.2% and DGSE Companies ( DGSE), down 3.9%.

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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