AutoZone Inc. (NYSE:AZO) had its price objective increased by Goldman Sachs Group Inc. from $841.00 to $874.00 in a research report sent to investors on Friday morning. Goldman Sachs Group Inc. currently has a neutral rating on the stock.
A number of other equities research analysts have also issued reports on the stock. Royal Bank Of Canada cut their price target on shares of AutoZone from $873.00 to $855.00 and set a sector perform rating on the stock in a report on Friday, September 23rd. Credit Suisse Group AG set a $870.00 price target on shares of AutoZone and gave the company a buy rating in a report on Saturday, September 17th. Zacks Investment Research upgraded shares of AutoZone from a sell rating to a hold rating in a report on Monday, September 12th. Susquehanna began coverage on shares of AutoZone in a report on Thursday, August 25th. They set a neutral rating and a $810.00 price target on the stock. Finally, Citigroup Inc. restated a buy rating on shares of AutoZone in a report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $858.24.
AutoZone (NYSE:AZO) opened at 767.15 on Friday. The stock has a 50 day moving average of $760.44 and a 200-day moving average of $776.38. The stock has a market cap of $22.34 billion, a P/E ratio of 18.85 and a beta of 0.42. AutoZone has a 52 week low of $681.01 and a 52 week high of $819.54.
AutoZone (NYSE:AZO) last released its quarterly earnings results on Thursday, September 22nd. The company reported $14.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.05. AutoZone had a net margin of 11.67% and a negative return on equity of 69.23%. The business had revenue of $3.40 billion for the quarter. During the same quarter in the prior year, the firm earned $12.75 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Analysts forecast that AutoZone will post $45.46 earnings per share for the current year.
In related news, insider Thomas B. Newbern sold 16,870 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $799.82, for a total transaction of $13,492,963.40. Following the completion of the transaction, the insider now directly owns 15,977 shares in the company, valued at approximately $12,778,724.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the company’s stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $795.24, for a total transaction of $795,240.00. Following the transaction, the director now owns 4,127 shares of the company’s stock, valued at $3,281,955.48. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in AZO. Invictus RG boosted its position in AutoZone by 489.7% in the second quarter. Invictus RG now owns 171 shares of the company’s stock valued at $136,000 after buying an additional 142 shares during the last quarter. Global X Management Co. LLC boosted its position in AutoZone by 89.1% in the second quarter. Global X Management Co. LLC now owns 174 shares of the company’s stock valued at $138,000 after buying an additional 82 shares during the last quarter. First Personal Financial Services boosted its position in AutoZone by 126.3% in the second quarter. First Personal Financial Services now owns 215 shares of the company’s stock valued at $171,000 after buying an additional 120 shares during the last quarter. Pennsylvania Trust Co bought a new position in AutoZone during the second quarter valued at approximately $200,000. Finally, Rehmann Capital Advisory Group bought a new position in AutoZone during the first quarter valued at approximately $207,000. Hedge funds and other institutional investors 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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