News headlines about AutoZone (NYSE:AZO) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. AutoZone earned a news impact score of 0.15 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.1870799737198 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- $8.36 EPS Expected for AutoZone, Inc. (AZO) This Quarter (americanbankingnews.com)
- Consensus Analyst Ratings in Focus for AutoZone, Inc. (NYSE:AZO) – Clawson News (clawsonnews.com)
- Notable Tuesday Option Activity: AZO, CEVA, SIX – Nasdaq.com – Nasdaq (nasdaq.com)
- 5 Reasons AutoZone May Make An Amazing Short – AutoZone, Inc … – Seeking Alpha (seekingalpha.com)
Several equities research analysts have recently weighed in on AZO shares. Deutsche Bank boosted their target price on shares of AutoZone from $625.00 to $700.00 in a research report on Thursday, December 7th. Barclays boosted their price objective on shares of AutoZone from $710.00 to $800.00 in a research report on Thursday, December 7th. UBS Group reaffirmed a “buy” rating and set a $655.00 price objective (down previously from $725.00) on shares of AutoZone in a research report on Wednesday, September 20th. Credit Suisse Group restated a “buy” rating and issued a $583.00 target price on shares of AutoZone in a research report on Wednesday, September 20th. Finally, Citigroup reaffirmed a “buy” rating and issued a $700.00 price target on shares of AutoZone in a research note on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $726.06.
AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, beating analysts’ consensus estimates of $9.90 by $0.10. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the firm earned $9.36 EPS. The business’s revenue was up 4.9% on a year-over-year basis. research analysts anticipate that AutoZone will post 46.63 EPS for the current year.
In related news, CFO William T. Giles sold 24,200 shares of AutoZone stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $710.79, for a total transaction of $17,201,118.00. Following the transaction, the chief financial officer now owns 24,466 shares of the company’s stock, valued at approximately $17,390,188.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Charles Pleas III sold 10,000 shares of AutoZone stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $700.00, for a total transaction of $7,000,000.00. Following the transaction, the vice president now directly owns 14,377 shares in the company, valued at approximately $10,063,900. The disclosure for this sale can be found here. Insiders have sold a total of 93,173 shares of company stock worth $66,316,676 in the last three months. 2.60% of the stock is owned by insiders.
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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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