Office Depot Inc (ODP): Today's Featured Specialty Retail 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.

Office Depot ( ODP) pushed the Specialty Retail industry lower today making it today's featured Specialty Retail laggard. The industry as a whole was unchanged today. By the end of trading, Office Depot fell $0.07 (-1.3%) to $5.31 on light volume. Throughout the day, 4,172,763 shares of Office Depot exchanged hands as compared to its average daily volume of 10,618,100 shares. The stock ranged in price between $5.29-$5.43 after having opened the day at $5.37 as compared to the previous trading day's close of $5.38. Other companies within the Specialty Retail industry that declined today were: Odyssey Marine Exploration ( OMEX), down 4.2%, Birks Group ( BGI), down 3.7%, Mecox Lane ( MCOX), down 3.4% and Cencosud ( CNCO), down 2.7%.

Office Depot, Inc., together with its subsidiaries, supplies office products and services. Office Depot has a market cap of $1.6 billion and is part of the services sector. Shares are up 64.0% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Office Depot a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Office Depot as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow.

On the positive front, Zale Corporation ( ZLC), up 2.4%, Trans World Entertainment ( TWMC), up 2.3%, Winmark Corporation ( WINA), up 2.1% and Barnes & Noble ( BKS), up 2.0% , were all gainers within the specialty retail industry with Sally Beauty Holdings ( SBH) being today's featured specialty retail industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the specialty retail industry could consider SPDR S&P Retail ETF ( XRT) while those bearish on the specialty retail industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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