Stephens reissued their hold rating on shares of AutoZone, Inc. (NYSE:AZO) in a research report released on Thursday. Stephens currently has a $550.00 price target on the stock, down from their prior price target of $620.00.
AZO has been the topic of a number of other reports. Deutsche Bank AG reiterated a hold rating and issued a $550.00 target price (down from $650.00) on shares of AutoZone in a report on Friday, July 21st. Wedbush reissued a neutral rating on shares of AutoZone in a research report on Thursday, July 6th. BidaskClub raised AutoZone from a strong sell rating to a sell rating in a research report on Monday, July 31st. BTIG Research reissued a buy rating and issued a $825.00 price target on shares of AutoZone in a research report on Wednesday, May 24th. Finally, Oppenheimer Holdings, Inc. lowered their price target on AutoZone and set an outperform rating for the company in a research report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. AutoZone currently has an average rating of Hold and an average price target of $747.27.
Shares of AutoZone (NYSE:AZO) opened at 574.03 on Thursday. The firm has a market capitalization of $15.98 billion, a P/E ratio of 13.03 and a beta of 0.62. The stock has a 50 day moving average of $534.42 and a 200-day moving average of $611.55. AutoZone has a 12-month low of $491.13 and a 12-month high of $813.70.
AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.49 billion. During the same period last year, the business earned $14.30 EPS. AutoZone’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that AutoZone will post $47.03 EPS for the current fiscal year.
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In related news, VP William T. Giles sold 10,000 shares of AutoZone stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total value of $5,811,000.00. Following the completion of the sale, the vice president now owns 18,500 shares of the company’s stock, valued at approximately $10,750,350. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William Andrew Mckenna acquired 300 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The stock was purchased at an average cost of $507.00 per share, with a total value of $152,100.00. Following the acquisition, the director now owns 5,131 shares in the company, valued at approximately $2,601,417. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. American Beacon Advisors Inc. purchased a new stake in AutoZone in the 1st quarter worth about $104,000. Fieldpoint Private Securities LLC purchased a new stake in AutoZone in the 2nd quarter worth about $114,000. Alpha Windward LLC increased its holdings in AutoZone by 3.2% in the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after acquiring an additional 8 shares during the last quarter. Salem Investment Counselors Inc. increased 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 acquiring an additional 9 shares during the last quarter. Finally, Global X Management Co. LLC increased 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 acquiring an additional 37 shares during the last quarter. 96.08% of the stock is owned by 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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