4 Stocks Dragging The Consumer Non-Durables Industry Downward
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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 14 points (-0.1%) at 15,098 as of Friday, Aug. 16, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,393 issues advancing vs. 1,555 declining with 92 unchanged.
The Consumer Non-Durables industry currently sits down 0.1% versus the S&P 500, which is down 0.1%.
TheStreet would like to highlight 4 stocks pushing the industry lower today:
4. Under Armour (UA) is one of the companies pushing the Consumer Non-Durables industry lower today. As of noon trading, Under Armour is down $1.43 (-2.0%) to $69.17 on average volume. Thus far, 953,521 shares of Under Armour exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $68.97-$70.90 after having opened the day at $70.35 as compared to the previous trading day's close of $70.60.
Under Armour, Inc. engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, the Middle East, Africa, Asia, and Latin America. Under Armour has a market cap of $6.2 billion and is part of the consumer goods sector. Shares are up 45.5% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Under Armour a buy, 2 analysts rate it a sell, and 14 rate it a hold.
TheStreet Ratings rates Under Armour as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Under Armour Ratings Report now.