Saks Incorporated (SKS): Today's Featured Retail Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Saks Incorporated ( SKS) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Saks Incorporated fell $0.95 (-6.0%) to $14.94 on heavy volume. Throughout the day, 9,586,078 shares of Saks Incorporated exchanged hands as compared to its average daily volume of 2,468,300 shares. The stock ranged in price between $14.94-$15.99 after having opened the day at $15.97 as compared to the previous trading day's close of $15.89. Other companies within the Retail industry that declined today were: China Jo-Jo Drugstores ( CJJD), down 23.3%, LightInTheBox Holding Co Ltd ADR ( LITB), down 6.8%, RadioShack ( RSH), down 4.6% and PC Connection ( PCCC), down 3.5%.

Saks Incorporated operates retail stores in the United States. The company’s retail stores offer an assortment of fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. Saks Incorporated has a market cap of $2.2 billion and is part of the services sector. Shares are up 51.2% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Saks Incorporated a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Saks Incorporated as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, bebe stores ( BEBE), up 12.2%, dELiA*s ( DLIA), up 8.2%, Weis Markets ( WMK), up 4.7% and QKL Stores ( QKLS), up 4.5% , were all gainers within the retail industry with Lowe's Companies ( LOW) 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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