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.Rite Aid Corporation ( RAD) pushed the Retail industry higher today making it today's featured retail winner. The industry as a whole closed the day down 0.2%. By the end of trading, Rite Aid Corporation rose $0.08 (1.3%) to $6.11 on average volume. Throughout the day, 41,474,966 shares of Rite Aid Corporation exchanged hands as compared to its average daily volume of 28,093,500 shares. The stock ranged in a price between $5.92-$6.14 after having opened the day at $6.03 as compared to the previous trading day's close of $6.03. Other companies within the Retail industry that increased today were: PC Connection ( PCCC), up 8.0%, Roundys ( RNDY), up 6.7%, Abercrombie & Fitch Company ( ANF), up 5.8% and Christopher & Banks Corporation ( CBK), up 5.5%.
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation has a market cap of $5.4 billion and is part of the services sector. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 335.3% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Rite Aid Corporation a buy, no analysts rate it a sell, and 3 rate it a hold. TheStreet Ratings rates Rite Aid Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.