Target Corp (TGT): 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.

Target ( TGT) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Target fell $2.14 (-3.5%) to $59.87 on heavy volume. Throughout the day, 16,169,574 shares of Target exchanged hands as compared to its average daily volume of 5,827,000 shares. The stock ranged in price between $59.62-$61.60 after having opened the day at $61.02 as compared to the previous trading day's close of $62.01. Other companies within the Retail industry that declined today were: GameStop ( GME), down 4.4%, Sears Hometown & Outlet Stores ( SHOS), down 4.4%, ALCO Stores ( ALCS), down 4.1% and BioScrip ( BIOS), down 3.8%.

Target Corporation operates general merchandise stores in the United States and Canada. Target has a market cap of $39.3 billion and is part of the services sector. The company has a P/E ratio of 19.4, above the S&P 500 P/E ratio of 17.7. Shares are down 2.0% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Target a buy, 3 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Target as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Appliance Recycling Centers Of America ( ARCI), up 6.7%, Vipshop Holdings ( VIPS), up 6.2%, ValueVision Media ( VVTV), up 4.4% and Natural Grocers by Vitamin Cottage ( NGVC), up 3.5% , were all gainers within the retail industry with Gap ( GPS) 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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