PetSmart Inc. (PETM): Today's Featured Specialty Retail Laggard

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PetSmart ( PETM) pushed the Specialty Retail industry lower today making it today's featured Specialty Retail laggard. The industry as a whole closed the day down 0.8%. By the end of trading, PetSmart fell $1.13 (-1.5%) to $73.78 on average volume. Throughout the day, 1,335,281 shares of PetSmart exchanged hands as compared to its average daily volume of 1,162,200 shares. The stock ranged in price between $73.48-$74.72 after having opened the day at $74.64 as compared to the previous trading day's close of $74.91. Other companies within the Specialty Retail industry that declined today were: TravelCenters of America ( TA), down 27.6%, Mecox Lane ( MCOX), down 10.4%, Titan Machinery ( TITN), down 7.1% and Vitamin Shoppe ( VSI), down 6.7%.

PetSmart, Inc., together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in the United States, Puerto Rico, and Canada. PetSmart has a market cap of $7.7 billion and is part of the services sector. Shares are up 9.6% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate PetSmart a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates PetSmart as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Charles & Colvard ( CTHR), up 15.7%, Perfumania Holdings ( PERF), up 5.3%, Michael Kors Holdings ( KORS), up 3.7% and Sport Chalet ( SPCHA), up 3.5%.

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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