Target Corp (TGT): 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.

Target ( TGT) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day down 0.8%. By the end of trading, Target fell $2.45 (-3.6%) to $65.50 on heavy volume. Throughout the day, 15,225,488 shares of Target exchanged hands as compared to its average daily volume of 3,894,100 shares. The stock ranged in price between $65.14-$66.93 after having opened the day at $66.42 as compared to the previous trading day's close of $67.95. Other companies within the Retail industry that declined today were: American Eagle Outfitters ( AEO), down 9.9%, Acorn International ( ATV), down 6.0%, RadioShack ( RSH), down 5.4% and J.C. Penney ( JCP), down 4.8%.

Target Corporation operates general merchandise stores in the United States. Target has a market cap of $43.8 billion and is part of the services sector. Shares are up 14.8% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Target a buy, no analysts rate it a sell, and 10 rate it a hold.

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

On the positive front, Tuesday Morning Corporation ( TUES), up 23.6%, Citi Trends ( CTRN), up 9.0%, dELiA*s ( DLIA), up 4.4% and Sears Holdings Corporation ( SHLD), up 4.0% , 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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