Wedbush reissued their neutral rating on shares of AutoZone (NYSE:AZO) in a report published on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $670.00 price objective on the stock, down from their previous price objective of $720.00.
A number of other research analysts have also commented on the company. Credit Suisse Group set a $640.00 price target on AutoZone and gave the company a buy rating in a research report on Wednesday, November 1st. Zacks Investment Research lowered AutoZone from a hold rating to a sell rating in a research report on Tuesday, November 21st. Barclays upped their price target on AutoZone from $710.00 to $800.00 in a research report on Thursday, December 7th. UBS Group reaffirmed a buy rating and set a $750.00 price target (up previously from $655.00) on shares of AutoZone in a research report on Wednesday, November 29th. Finally, Raymond James Financial reaffirmed a hold rating on shares of AutoZone in a research report on Saturday, December 2nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $754.28.
AutoZone (NYSE:AZO) opened at $666.00 on Wednesday. The company has a market capitalization of $18,180.00, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 1.00 and a beta of 0.74. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27. AutoZone has a 52-week low of $491.13 and a 52-week high of $797.89.
In other AutoZone news, insider James C. Griffith sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $794.70, for a total transaction of $993,375.00. Following the transaction, the insider now owns 1,353 shares in the company, valued at approximately $1,075,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman William C. Rhodes III sold 26,500 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $701.84, for a total value of $18,598,760.00. Following the transaction, the chairman now owns 11,464 shares in the company, valued at approximately $8,045,893.76. The disclosure for this sale can be found here. Insiders have sold a total of 96,710 shares of company stock worth $69,098,826 in the last quarter. Company insiders own 2.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of AutoZone in the 3rd quarter worth approximately $179,000. Jarislowsky Fraser Ltd purchased a new stake in shares of AutoZone in the 3rd quarter worth approximately $202,000. First Republic Investment Management Inc. purchased a new stake in shares of AutoZone in the 4th quarter worth approximately $202,000. Flagship Harbor Advisors LLC purchased a new stake in shares of AutoZone in the 4th quarter worth approximately $211,000. Finally, Bfsg LLC purchased a new stake in shares of AutoZone in the 4th quarter worth approximately $213,000. Institutional investors own 95.03% of the company’s stock.
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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 October 27, 2016, the Company operated through 6,029 locations in the United States, Puerto Rico, Mexico and Brazil.
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