Rite Aid Corporation (RAD): Today's Featured 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.

Rite Aid Corporation ( RAD) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 2.1%. By the end of trading, Rite Aid Corporation fell $0.08 (-1.1%) to $6.62 on average volume. Throughout the day, 20,628,713 shares of Rite Aid Corporation exchanged hands as compared to its average daily volume of 27,415,900 shares. The stock ranged in price between $6.58-$6.78 after having opened the day at $6.72 as compared to the previous trading day's close of $6.70. Other companies within the Retail industry that declined today were: LightInTheBox ( LITB), down 12.4%, China Nepstar Chain Drugstore ( NPD), down 4.8%, Citi Trends ( CTRN), down 3.8% and New York & Company ( NWY), down 3.5%.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation has a market cap of $6.3 billion and is part of the services sector. Shares are up 29.1% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Rite Aid Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Rite Aid Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow.

On the positive front, dELiA*s ( DLIA), up 24.2%, China Jo-Jo Drugstores ( CJJD), up 16.6%, Abercrombie & Fitch Company ( ANF), up 11.2% and Vitacost.com ( VITC), up 9.2% , were all gainers within the retail industry with Target ( TGT) being today's featured retail industry leader.

For investors not wanting singular stock exposure, 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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