The Consumer Non-Durables industry as a whole closed the day down 1.4% versus the S&P 500, which was down 1.7%. Laggards within the Consumer Non-Durables industry included Ever-Glory International Group ( EVK), down 1.5%, China Xiniya Fashion ( XNY), down 1.9%, Blyth ( BTH), down 3.7%, Joe's Jeans ( JOEZ), down 2.8% and Summer Infant ( SUMR), down 5.0%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Joe's Jeans ( JOEZ) is one of the companies that pushed the Consumer Non-Durables industry lower today. Joe's Jeans was down $0.01 (2.8%) to $0.17 on light volume. Throughout the day, 123,783 shares of Joe's Jeans exchanged hands as compared to its average daily volume of 445,300 shares. The stock ranged in price between $0.17-$0.18 after having opened the day at $0.18 as compared to the previous trading day's close of $0.18.

Joe's Jeans Inc., together with its subsidiaries, designs, develops, and markets apparel products in the United States. The company operates through two segments, Wholesale and Retail. It provides women's and men's denim jeans, pants, shirts, sweaters, jackets, and other apparel products. Joe's Jeans has a market cap of $13.2 million and is part of the consumer goods sector. Shares are down 45.6% year-to-date as of the close of trading on Thursday.

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TheStreet Ratings rates Joe's Jeans as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on JOEZ go as follows:

  • The debt-to-equity ratio is very high at 6.33 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with this, the company manages to maintain a quick ratio of 0.23, which clearly demonstrates the inability to cover short-term cash needs.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Textiles, Apparel & Luxury Goods industry and the overall market, JOE'S JEANS INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • JOE'S JEANS INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, JOE'S JEANS INC reported poor results of -$0.43 versus -$0.11 in the prior year.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Textiles, Apparel & Luxury Goods industry. The net income has significantly decreased by 243.2% when compared to the same quarter one year ago, falling from $2.34 million to -$3.35 million.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 82.70%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 600.00% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.

You can view the full analysis from the report here: Joe's Jeans Ratings Report

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At the close, Blyth ( BTH) was down $0.12 (3.7%) to $3.10 on heavy volume. Throughout the day, 48,011 shares of Blyth exchanged hands as compared to its average daily volume of 19,400 shares. The stock ranged in price between $3.06-$3.20 after having opened the day at $3.07 as compared to the previous trading day's close of $3.22.

Blyth has a market cap of $56.2 million and is part of the consumer goods sector. Shares are down 64.8% year-to-date as of the close of trading on Thursday.

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China Xiniya Fashion ( XNY) was another company that pushed the Consumer Non-Durables industry lower today. China Xiniya Fashion was down $0.03 (1.9%) to $1.54 on light volume. Throughout the day, 7,050 shares of China Xiniya Fashion exchanged hands as compared to its average daily volume of 22,700 shares. The stock ranged in price between $1.53-$1.56 after having opened the day at $1.54 as compared to the previous trading day's close of $1.57.

China Xiniya Fashion Limited designs, manufactures, and sells men's business casual and business formal apparel and accessories to retail customers in the People's Republic of China. China Xiniya Fashion has a market cap of $22.2 million and is part of the consumer goods sector. Shares are down 29.0% year-to-date as of the close of trading on Thursday.

TheStreet Ratings rates China Xiniya Fashion as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and poor profit margins.

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Highlights from TheStreet Ratings analysis on XNY go as follows:

  • CHINA XINIYA FASHION LTD-ADR's earnings per share declined by 40.6% in the most recent quarter compared to the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, CHINA XINIYA FASHION LTD-ADR swung to a loss, reporting -$1.95 versus $1.12 in the prior year.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Textiles, Apparel & Luxury Goods industry. The net income has significantly decreased by 38.4% when compared to the same quarter one year ago, falling from $4.28 million to $2.64 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Textiles, Apparel & Luxury Goods industry and the overall market, CHINA XINIYA FASHION LTD-ADR's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to $12.29 million or 67.99% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The gross profit margin for CHINA XINIYA FASHION LTD-ADR is currently lower than what is desirable, coming in at 29.10%. It has decreased from the same quarter the previous year. Regardless of the weak results of the gross profit margin, the net profit margin of 15.14% is above that of the industry average.

You can view the full analysis from the report here: China Xiniya Fashion Ratings Report

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