5 Stocks Dragging The Retail Industry Downward

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 156 points (1.0%) at 15,978 as of Friday, Dec. 6, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 2,203 issues advancing vs. 732 declining with 103 unchanged.

The Retail industry currently sits up 0.4% versus the S&P 500, which is up 0.9%. A company within the industry that fell today was Michael Kors Holdings ( KORS), up 1.7%. Top gainers within the industry include Lowe's Companies ( LOW), up 2.6%, eBay ( EBAY), up 1.8% and Walgreen Company ( WAG), up 0.8%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Big Lots ( BIG) is one of the companies pushing the Retail industry lower today. As of noon trading, Big Lots is down $5.02 (-13.5%) to $32.10 on heavy volume. Thus far, 3.6 million shares of Big Lots exchanged hands as compared to its average daily volume of 480,100 shares. The stock has ranged in price between $32.00-$34.25 after having opened the day at $34.05 as compared to the previous trading day's close of $37.13.

Big Lots, Inc., through its subsidiaries, operates as a broadline closeout retailer in the United States and Canada. Big Lots has a market cap of $2.2 billion and is part of the services sector. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are up 30.5% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Big Lots a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Big Lots as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, solid stock price performance, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Big Lots Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Hurricane Harvey Isn't the Bruising Storm That Wall Street Hates: Market Recon

Big Lots Should Have a Good Quarter, Jim Cramer Explains

A Measured Fed and Retail Relief Rally Give Wall Street a Small Lift

Stocks Inch Higher as Fed Signals September as Start of Balance Sheet Reduction