3 Stocks Advancing The Specialty Retail Industry

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 31 points (0.2%) at 16,439 as of Monday, April 21, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,695 issues advancing vs. 1,308 declining with 151 unchanged.

The Specialty Retail industry currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the industry include Ulta Salon Cosmetics & Fragrances ( ULTA), up 2.2%, and Michael Kors Holdings ( KORS), up 0.7%.

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

3. Mattress Firm ( MFRM) is one of the companies pushing the Specialty Retail industry higher today. As of noon trading, Mattress Firm is up $1.51 (3.2%) to $48.25 on light volume. Thus far, 54,487 shares of Mattress Firm exchanged hands as compared to its average daily volume of 222,000 shares. The stock has ranged in price between $46.84-$48.35 after having opened the day at $46.84 as compared to the previous trading day's close of $46.74.

Mattress Firm Holding Corp., through its subsidiaries, operates as a specialty retailer of mattresses, and related products and accessories in the United States. Mattress Firm has a market cap of $1.6 billion and is part of the services sector. Shares are up 8.6% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate Mattress Firm a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Mattress Firm as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Mattress Firm Ratings Report now.

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