3 Retail Stocks Dragging The Industry Down

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 83 points (0.5%) at 16,304 as of Monday, Dec. 23, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,307 issues advancing vs. 673 declining with 118 unchanged.

The Retail industry currently sits up 0.6% versus the S&P 500, which is up 0.6%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Whole Foods Market ( WFM) is one of the companies pushing the Retail industry lower today. As of noon trading, Whole Foods Market is down $0.92 (-1.6%) to $58.35 on average volume. Thus far, 1.4 million shares of Whole Foods Market exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $58.20-$59.50 after having opened the day at $59.35 as compared to the previous trading day's close of $59.27.

Whole Foods Market, Inc. owns and operates a chain of natural and organic foods supermarkets. The company offers produce, grocery, meat and poultry, seafood, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins. Whole Foods Market has a market cap of $21.9 billion and is part of the services sector. The company has a P/E ratio of 40.0, above the S&P 500 P/E ratio of 17.7. Shares are up 28.9% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Whole Foods Market a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Whole Foods Market as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Whole Foods Market 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.

2. As of noon trading, Target ( TGT) is down $0.75 (-1.2%) to $61.74 on average volume. Thus far, 2.6 million shares of Target exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $61.53-$62.15 after having opened the day at $62.00 as compared to the previous trading day's close of $62.49.

Target Corporation operates general merchandise stores in the United States. Target has a market cap of $39.3 billion and is part of the services sector. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7. Shares are up 5.6% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Target a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Target as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Target 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.

1. As of noon trading, Michael Kors Holdings ( KORS) is down $3.85 (-4.6%) to $80.03 on heavy volume. Thus far, 5.8 million shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $79.59-$84.00 after having opened the day at $83.82 as compared to the previous trading day's close of $83.88.

Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. Michael Kors Holdings has a market cap of $17.1 billion and is part of the services sector. The company has a P/E ratio of 34.1, above the S&P 500 P/E ratio of 17.7. Shares are up 64.5% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Michael Kors Holdings a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Michael Kors Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Michael Kors Holdings 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 are interested in one of these 3 stocks, 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).

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