IRobot Corporation (IRBT): Today's Featured Consumer Durables 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.

iRobot Corporation ( IRBT) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day up 0.1%. By the end of trading, iRobot Corporation fell $1.26 (-3.0%) to $40.73 on heavy volume. Throughout the day, 1,389,753 shares of iRobot Corporation exchanged hands as compared to its average daily volume of 787,900 shares. The stock ranged in price between $40.63-$42.44 after having opened the day at $42.44 as compared to the previous trading day's close of $41.99. Other companies within the Consumer Durables industry that declined today were: Black Diamond ( BDE), down 8.2%, Flexsteel Industries ( FLXS), down 4.7%, Manchester United ( MANU), down 4.1% and Natuzzi SPA ( NTZ), down 3.5%.

iRobot Corporation designs, develops, and markets robots for the consumer, government, and industrial markets worldwide. It offers consumer products, including floor vacuuming and washing robots, floor sweeping robots, and pool and gutter cleaning robots. iRobot Corporation has a market cap of $1.1 billion and is part of the consumer goods sector. Shares are up 20.8% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate iRobot Corporation a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates iRobot Corporation as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Movado Group ( MOV), up 6.5%, Universal Electronics ( UEIC), up 5.9%, SGOCO Group ( SGOC), up 4.8% and Virco Manufacturing Corporation ( VIRC), up 2.6% , were all gainers within the consumer durables industry with Fossil Group ( FOSL) being today's featured consumer durables industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the consumer durables industry 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.

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