Walgreen Company (WAG): 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.

Walgreen Company ( WAG) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Walgreen Company fell $0.61 (-1.2%) to $50.01 on average volume. Throughout the day, 5,113,655 shares of Walgreen Company exchanged hands as compared to its average daily volume of 6,219,700 shares. The stock ranged in price between $49.86-$51.25 after having opened the day at $50.91 as compared to the previous trading day's close of $50.62. Other companies within the Retail industry that declined today were: Francescas Holdings ( FRAN), down 3.1%, Natural Grocers by Vitamin Cottage ( NGVC), down 2.7%, HHGregg Incorporated ( HGG), down 2.5% and Village Super Market ( VLGEA), down 2.1%.

Walgreen Co., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. Walgreen Company has a market cap of $48.0 billion and is part of the services sector. Shares are up 36.8% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Walgreen Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Walgreen Company as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, U.S. Auto Parts Network ( PRTS), up 19.2%, E-Commerce China Dangdang ( DANG), up 6.5%, Aeropostale ( ARO), up 4.9% and GameStop ( GME), up 3.4% , were all gainers within the retail industry with Michael Kors Holdings ( KORS) 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.
null

If you liked this article you might like

This Year's Flu Season Is Out of Control

This Year's Flu Season Is Out of Control

Best of Stocks, Worst of Stocks: Cramer's 'Mad Money' Recap (Monday 10/30/17)

Best of Stocks, Worst of Stocks: Cramer's 'Mad Money' Recap (Monday 10/30/17)

Bearish Signals for Consumer Staples: Cramer's 'Off the Charts'

Bearish Signals for Consumer Staples: Cramer's 'Off the Charts'

Cramer: Supply in Retail and Financials, Demand in Tech

Cramer: Supply in Retail and Financials, Demand in Tech

Cramer: Dominoes Are in Play Today

Cramer: Dominoes Are in Play Today