Tyson Foods Inc. (TSN): Today's Featured Consumer Goods 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.

Tyson Foods ( TSN) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Tyson Foods fell $0.45 (-1.4%) to $32.91 on heavy volume. Throughout the day, 6,520,691 shares of Tyson Foods exchanged hands as compared to its average daily volume of 4,318,400 shares. The stock ranged in price between $32.38-$33.29 after having opened the day at $33.29 as compared to the previous trading day's close of $33.36. Other companies within the Consumer Goods sector that declined today were: Tandy Brands Accessories ( TBAC), down 19.2%, SGOCO Group ( SGOC), down 6.6%, Natuzzi SPA ( NTZ), down 5.6% and Coldwater Creek ( CWTR), down 5.0%.

Tyson Foods, Inc., together with its subsidiaries, produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. It operates in four segments: Chicken, Beef, Pork, and Prepared Foods. Tyson Foods has a market cap of $9.0 billion and is part of the food & beverage industry. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7. Shares are up 72.0% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Tyson Foods a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Tyson Foods as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Mattress Firm ( MFRM), up 13.6%, Ever-Glory International Group ( EVK), up 11.4%, Tianli Agritech ( OINK), up 10.0% and AEP Industries ( AEPI), up 6.2% , were all gainers within the consumer goods sector with BorgWarner ( BWA) being today's featured consumer goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector 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

Closing Bell - Bloodbath: LIVE MARKETS BLOG

Closing Bell - Bloodbath: LIVE MARKETS BLOG

What's Behind the Hound of Hades' Stock Market Rampage

What's Behind the Hound of Hades' Stock Market Rampage

10 Stocks That Are Ready to Change Direction

10 Stocks That Are Ready to Change Direction

Jim Cramer: The Surprising Stock Market Winners That Investors Are Chasing

Jim Cramer: The Surprising Stock Market Winners That Investors Are Chasing

Tyson Foods Is Worth Watching

Tyson Foods Is Worth Watching