AZO has been the subject of several other reports. Deutsche Bank AG restated a hold rating and set a $550.00 price objective (down from $650.00) on shares of AutoZone in a research report on Friday, July 21st. Wedbush restated a neutral rating on shares of AutoZone in a research report on Thursday, July 6th. BidaskClub upgraded shares of AutoZone from a strong sell rating to a sell rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. dropped their price target on shares of AutoZone and set an outperform rating for the company in a research report on Thursday, July 20th. Finally, Zacks Investment Research upgraded shares of AutoZone from a sell rating to a hold rating in a research report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. AutoZone has a consensus rating of Hold and an average target price of $724.45.
AutoZone (NYSE AZO) traded up $5.22 during mid-day trading on Wednesday, reaching $634.65. The company’s stock had a trading volume of 490,326 shares, compared to its average volume of 456,928. The company has a market cap of $17,420.00, a PE ratio of 14.29, a PEG ratio of 1.16 and a beta of 0.65. The company has a debt-to-equity ratio of -3.56, a quick ratio of 0.15 and a current ratio of 0.97. AutoZone has a 52-week low of $491.13 and a 52-week high of $813.70.
AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $15.11 by $0.07. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter last year, the company earned $14.30 EPS. AutoZone’s revenue for the quarter was up 3.3% compared to the same quarter last year. equities analysts expect that AutoZone will post 46.78 earnings per share for the current year.
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In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $584.96, for a total value of $1,754,880.00. Following the completion of the sale, the director now directly 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of AutoZone by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,899,758 shares of the company’s stock valued at $1,083,735,000 after acquiring an additional 32,542 shares during the period. FMR LLC grew its position in shares of AutoZone by 6.7% during the 2nd quarter. FMR LLC now owns 1,864,473 shares of the company’s stock valued at $1,063,608,000 after acquiring an additional 117,019 shares during the period. State Street Corp grew its position in shares of AutoZone by 5.1% during the 2nd quarter. State Street Corp now owns 1,363,261 shares of the company’s stock valued at $777,679,000 after acquiring an additional 66,734 shares during the period. JPMorgan Chase & Co. grew its position in shares of AutoZone by 27.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock valued at $764,272,000 after acquiring an additional 282,939 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of AutoZone by 4.4% during the 3rd quarter. Nordea Investment Management AB now owns 1,072,553 shares of the company’s stock valued at $638,287,000 after buying an additional 45,458 shares in the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.
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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