AutoZone Inc (AZO): 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.

AutoZone ( AZO) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole was unchanged today. By the end of trading, AutoZone fell $7.10 (-1.3%) to $526.79 on light volume. Throughout the day, 198,036 shares of AutoZone exchanged hands as compared to its average daily volume of 308,500 shares. The stock ranged in price between $525.21-$534.43 after having opened the day at $529.12 as compared to the previous trading day's close of $533.89. Other companies within the Retail industry that declined today were: Stamps.com ( STMP), down 16.1%, Body Central ( BODY), down 5.8%, RadioShack ( RSH), down 5.6% and China Nepstar Chain Drugstore ( NPD), down 5.1%.

AutoZone, Inc. is engaged in retailing and distributing automotive replacement parts and accessories. AutoZone has a market cap of $17.6 billion and is part of the services sector. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 10.8% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate AutoZone a buy, no analysts rate it a sell, and 9 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, expanding profit margins, solid stock price performance, impressive record of earnings per share growth and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Pharmerica ( PMC), up 6.9%, BioScrip ( BIOS), up 6.7%, E-Commerce China Dangdang ( DANG), up 6.3% and Vipshop Holdings ( VIPS), up 6.0% , were all gainers within the retail industry with Walgreen ( WAG) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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