AutoZone, Inc. (NYSE:AZO) Director Earl G. Graves, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $714.96, for a total value of $714,960.00. Following the completion of the sale, the director now directly owns 4,431 shares of the company’s stock, valued at $3,167,987.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
AutoZone, Inc. (NYSE:AZO) opened at 729.79 on Tuesday. The firm’s 50-day moving average price is $729.40 and its 200 day moving average price is $756.05. AutoZone, Inc. has a 52-week low of $705.30 and a 52-week high of $819.54. The stock has a market cap of $20.78 billion, a P/E ratio of 17.12 and a beta of 0.58.
AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $8.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.19 by $0.11. AutoZone had a negative return on equity of 69.22% and a net margin of 11.77%. The business earned $2.29 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the company earned $7.43 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that AutoZone, Inc. will post $45.37 earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of AutoZone during the fourth quarter worth about $221,603,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of AutoZone during the fourth quarter worth about $165,221,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of AutoZone by 198.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 290,513 shares of the company’s stock worth $223,213,000 after buying an additional 193,200 shares during the period. Two Sigma Advisers LP acquired a new position in shares of AutoZone during the third quarter worth about $91,208,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of AutoZone during the fourth quarter worth about $92,872,000. 96.42% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. Royal Bank of Canada lifted their price objective on AutoZone from $855.00 to $880.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 7th. Atlantic Securities assumed coverage on AutoZone in a report on Wednesday, December 14th. They set a “neutral” rating and a $864.00 price objective for the company. Deutsche Bank AG lifted their price objective on AutoZone from $770.00 to $820.00 and gave the stock a “hold” rating in a report on Wednesday, December 7th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $814.00 price objective on shares of AutoZone in a report on Wednesday, November 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. AutoZone has an average rating of “Buy” and an average target price of $868.00.
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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