AutoZone Inc. (NYSE:AZO) had its price target decreased by Royal Bank Of Canada from $873.00 to $855.00 in a research report released on Friday. Royal Bank Of Canada currently has a sector perform rating on the stock.
AZO has been the subject of several other research reports. Argus reaffirmed a buy rating and issued a $875.00 price target on shares of AutoZone in a report on Sunday, July 10th. Susquehanna assumed coverage on AutoZone in a report on Thursday, August 25th. They issued a neutral rating and a $810.00 price target for the company. Zacks Investment Research lowered AutoZone from a hold rating to a sell rating in a research report on Tuesday, July 26th. Citigroup Inc. reiterated a buy rating on shares of AutoZone in a research report on Thursday, August 25th. Finally, Jefferies Group assumed coverage on AutoZone in a research report on Thursday, May 26th. They issued a hold rating for the company. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $857.13.
AutoZone (NYSE:AZO) traded up 0.86% on Friday, reaching $751.25. The company’s stock had a trading volume of 40,732 shares. AutoZone has a 52 week low of $681.01 and a 52 week high of $819.54. The firm has a market capitalization of $21.87 billion, a price-to-earnings ratio of 18.46 and a beta of 0.42. The company has a 50 day moving average of $763.29 and a 200 day moving average of $776.70.
AutoZone (NYSE:AZO) last posted its quarterly earnings results on Thursday, September 22nd. The company reported $14.30 EPS for the quarter, beating the consensus estimate of $14.25 by $0.05. AutoZone had a negative return on equity of 68.63% and a net margin of 11.55%. The firm earned $3.40 billion during the quarter. During the same period in the prior year, the business posted $12.75 EPS. AutoZone’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts forecast that AutoZone will post $45.45 earnings per share for the current year.
In other news, Director William Andrew Mckenna sold 3,000 shares of AutoZone stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $800.25, for a total transaction of $2,400,750.00. Following the sale, the director now owns 7,597 shares in the company, valued at $6,079,499.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ronald B. Griffin sold 4,830 shares of AutoZone stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $804.00, for a total value of $3,883,320.00. Following the sale, the vice president now owns 5,044 shares in the company, valued at approximately $4,055,376. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of AZO. Capstone Asset Management Co. boosted its stake in AutoZone by 1.4% in the first quarter. Capstone Asset Management Co. now owns 3,182 shares of the company’s stock worth $2,535,000 after buying an additional 45 shares during the period. Boston Advisors LLC boosted its stake in AutoZone by 6.6% in the first quarter. Boston Advisors LLC now owns 730 shares of the company’s stock worth $582,000 after buying an additional 45 shares during the period. PGGM Investments boosted its stake in AutoZone by 3.8% in the first quarter. PGGM Investments now owns 26,056 shares of the company’s stock worth $20,759,000 after buying an additional 948 shares during the period. Commonwealth Equity Services Inc boosted its stake in AutoZone by 54.2% in the first quarter. Commonwealth Equity Services Inc now owns 765 shares of the company’s stock worth $609,000 after buying an additional 269 shares during the period. Finally, Nisa Investment Advisors L.L.C. boosted its stake in AutoZone by 0.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 7,527 shares of the company’s stock worth $5,997,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.
AutoZone Company Profile
AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).
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