Other analysts have also recently issued reports about the company. Wedbush restated a hold rating and issued a $580.00 price objective (down from $590.00) on shares of AutoZone in a research report on Wednesday, September 20th. Citigroup reiterated a buy rating and set a $700.00 price target on shares of AutoZone in a research report on Wednesday, September 20th. UBS Group reiterated a buy rating and set a $655.00 price target (down from $725.00) on shares of AutoZone in a research report on Wednesday, September 20th. Jefferies Group reiterated a hold rating and set a $720.00 price target on shares of AutoZone in a research report on Wednesday, December 6th. Finally, Credit Suisse Group reissued a buy rating and set a $583.00 price objective on shares of AutoZone in a research note on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $717.24.
AutoZone (NYSE:AZO) traded up $25.17 during trading on Thursday, hitting $736.54. The company had a trading volume of 558,705 shares, compared to its average volume of 423,850. AutoZone has a 12-month low of $491.13 and a 12-month high of $802.15. The firm has a market capitalization of $20,150.00, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.31 and a beta of 0.71. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.14.
AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $9.90 by $0.10. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.54 billion. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. AutoZone’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $9.36 earnings per share. analysts expect that AutoZone will post 46.73 EPS for the current fiscal year.
In other news, VP Charles Pleas III sold 10,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $700.00, for a total value of $7,000,000.00. Following the transaction, the vice president now owns 14,377 shares in the company, valued at approximately $10,063,900. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Albert Saltiel sold 2,150 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $703.09, for a total value of $1,511,643.50. Following the completion of the transaction, the insider now owns 2,276 shares in the company, valued at approximately $1,600,232.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,973 shares of company stock worth $56,444,486. Company insiders own 2.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Fieldpoint Private Securities LLC purchased a new position in AutoZone during the 2nd quarter worth approximately $114,000. Salem Investment Counselors Inc. lifted its position in AutoZone by 3.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after acquiring an additional 9 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in AutoZone during the 3rd quarter worth approximately $179,000. Global X Management Co. LLC lifted its position in AutoZone by 12.9% during the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after acquiring an additional 37 shares during the period. Finally, Jarislowsky Fraser Ltd acquired a new stake in AutoZone during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 99.35% of the company’s stock.
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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