AutoZone Inc (AZO): Today's Featured Retail Laggard

AutoZone (AZO) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 0.9%. By the end of trading, AutoZone fell $5.01 (-1.3%) to $373.38 on average volume. Throughout the day, 507,107 shares of AutoZone exchanged hands as compared to its average daily volume of 496,200 shares. The stock ranged in price between $367.14-$380 after having opened the day at $378.11 as compared to the previous trading day's close of $378.39. Other company's within the Retail industry that declined today were: Stamps.com (STMP), down 14.8%, QKL Stores (QKLS), down 11.3%, China Jo-Jo Drugstores (CJJD), down 10%, and Cache (CACH), down 6.6%.

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AutoZone, Inc. engages in retailing and distributing automotive replacement parts and accessories. AutoZone has a market cap of $14.09 billion and is part of the services sector. The company has a P/E ratio of 17, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 15.8% year to date as of the close of trading on Wednesday. Currently there are nine analysts that rate AutoZone a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates AutoZone as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

• You can view the full AutoZone Ratings Report.

On the positive front, Christopher & Banks Corporation (CBK), up 23.5%, SUPERVALU (SVU), up 12.1%, Whole Foods Market (WFM), up 11.3%, and Fresh Market (TFM), up 6.4%, were all gainers within the retail industry with Amazon.com (AMZN) being today's featured retail industry leader.

• Use our retail section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

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).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on AutoZone Inc click any of the following:

• AutoZone Inc Stock Price

• AutoZone Inc Analyst Ratings

• AutoZone Inc Key Stats & Profile

• AutoZone Inc Earnings

• AutoZone Inc Ratio Comparison

• AutoZone Inc Growth Rates

• AutoZone Inc Balance Sheet

• AutoZone Inc Cash Flow

• AutoZone Inc Income Statement