4 Stocks Pulling The Retail Industry Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 32 points (-0.2%) at 15,645 as of Thursday, Sept. 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,343 issues advancing vs. 1,599 declining with 112 unchanged.

The Retail industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was CVS Caremark ( CVS), up 0.6%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. Pier 1 Imports ( PIR) is one of the companies pushing the Retail industry lower today. As of noon trading, Pier 1 Imports is down $2.66 (-11.3%) to $20.94 on heavy volume. Thus far, 7.7 million shares of Pier 1 Imports exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $20.80-$21.60 after having opened the day at $21.57 as compared to the previous trading day's close of $23.60.

Pier 1 Imports, Inc. operates as an importer and specialty retailer of imported decorative home furnishings and gifts. The company is also involved in e-commerce business. Pier 1 Imports has a market cap of $2.5 billion and is part of the services sector. Shares are up 18.0% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Pier 1 Imports a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Pier 1 Imports as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Pier 1 Imports Ratings Report now.

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