Moffett Nathanson began coverage on shares of AutoZone (NYSE:AZO) in a research note released on Monday morning, Marketbeat reports. The brokerage issued a neutral rating on the stock.
A number of other brokerages have also weighed in on AZO. Raymond James Financial restated a hold rating on shares of AutoZone in a report on Saturday, December 2nd. UBS restated a buy rating and issued a $750.00 price objective (up from $655.00) on shares of AutoZone in a report on Wednesday, November 29th. Zacks Investment Research lowered shares of AutoZone from a hold rating to a sell rating in a report on Tuesday, November 21st. Robert W. Baird restated a hold rating and issued a $590.00 price objective on shares of AutoZone in a report on Friday, October 27th. Finally, Credit Suisse Group set a $640.00 price objective on shares of AutoZone and gave the stock a buy rating in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $730.70.
AutoZone (NYSE AZO) opened at $698.65 on Monday. AutoZone has a 1-year low of $491.13 and a 1-year high of $813.70. The firm has a market cap of $19,595.57, a P/E ratio of 15.96, a P/E/G ratio of 1.31 and a beta of 0.72. The company has a debt-to-equity ratio of -3.56, a current ratio of 0.97 and a quick ratio of 0.15.
In other news, Director William Andrew Mckenna sold 3,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the completion of the sale, the director now owns 8,131 shares of the company’s stock, valued at approximately $4,756,309.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James C. Griffith sold 3,623 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $698.17, for a total transaction of $2,529,469.91. Following the sale, the insider now directly owns 2,016 shares of the company’s stock, valued at approximately $1,407,510.72. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of AZO. Fieldpoint Private Securities LLC bought a new position in AutoZone in the 2nd quarter worth $114,000. Salem Investment Counselors Inc. boosted its holdings in AutoZone by 3.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after buying an additional 9 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in AutoZone in the 3rd quarter worth $179,000. Global X Management Co. LLC boosted its holdings in AutoZone by 12.9% in the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after buying an additional 37 shares during the period. Finally, Jarislowsky Fraser Ltd bought a new position in AutoZone in the 3rd quarter worth $202,000. 98.89% of the stock is owned by hedge funds and other institutional investors.
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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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