Rite Aid Corporation (RAD): Today's Featured Retail Laggard

Rite Aid Corporation ( RAD) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Rite Aid Corporation fell $0.03 (-1.1%) to $2.78 on light volume. Throughout the day, 14,946,417 shares of Rite Aid Corporation exchanged hands as compared to its average daily volume of 26,651,900 shares. The stock ranged in price between $2.74-$2.83 after having opened the day at $2.82 as compared to the previous trading day's close of $2.81. Other companies within the Retail industry that declined today were: China Jo-Jo Drugstores ( CJJD), down 10.9%, Pharmerica Corporation ( PMC), down 7.5%, BioScrip ( BIOS), down 5.2% and E-Commerce China Dangdang ( DANG), down 3.7%.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation has a market cap of $2.5 billion and is part of the services sector. Shares are up 106.6% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Rite Aid Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Rite Aid Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins.

On the positive front, Haverty Furniture Companies ( HVT), up 9.0%, Haverty Furniture Companies ( HVT.A), up 8.9%, Natural Grocers by Vitamin Cottage ( NGVC), up 5.4% and Kirkland's ( KIRK), up 5.1% , were all gainers within the retail industry with CVS Caremark ( CVS) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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