AZO has been the topic of a number of other reports. Deutsche Bank AG restated a hold rating and issued a $550.00 price objective (down from $650.00) on shares of AutoZone in a research note on Friday, July 21st. Wedbush restated a neutral rating on shares of AutoZone in a research note on Thursday, July 6th. BidaskClub upgraded AutoZone from a strong sell rating to a sell rating in a research note on Monday, July 31st. BTIG Research restated a buy rating and issued a $825.00 price objective on shares of AutoZone in a research note on Wednesday, May 24th. Finally, Zacks Investment Research upgraded AutoZone from a sell rating to a hold rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. AutoZone has an average rating of Hold and a consensus price target of $747.27.
AutoZone (AZO) opened at 574.03 on Thursday. The firm has a market capitalization of $15.98 billion, a P/E ratio of 13.03 and a beta of 0.62. The company has a 50 day moving average of $534.42 and a 200 day moving average of $611.55. AutoZone has a 1-year low of $491.13 and a 1-year high of $813.70.
AutoZone (NYSE:AZO) last released its earnings results on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, topping the Zacks’ consensus estimate of $15.11 by $0.07. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the business posted $14.30 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that AutoZone will post $47.03 earnings per share for the current year.
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In other news, VP William T. Giles sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the completion of the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at $10,750,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Andrew Mckenna acquired 300 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were acquired at an average cost of $507.00 per share, with a total value of $152,100.00. Following the acquisition, the director now directly owns 5,131 shares of the company’s stock, valued at approximately $2,601,417. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. American Beacon Advisors Inc. purchased a new position in shares of AutoZone during the first quarter worth about $104,000. Fieldpoint Private Securities LLC purchased a new position in shares of AutoZone during the second quarter worth about $114,000. Alpha Windward LLC grew its holdings in shares of AutoZone by 3.2% during the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after purchasing an additional 8 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of AutoZone by 3.5% during the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after purchasing an additional 9 shares in the last quarter. Finally, Colony Group LLC purchased a new position in shares of AutoZone during the first quarter worth about $205,000. 96.08% of the stock is owned by institutional investors.
AutoZone Company Profile
Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.
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