AutoZone Inc. (NYSE:AZO) – Analysts at Northcoast Research increased their Q1 2017 earnings estimates for shares of AutoZone in a research report issued on Friday. Northcoast Research analyst N. Mitchell now expects that the firm will earn $9.36 per share for the quarter, up from their previous estimate of $9.31. Northcoast Research also issued estimates for AutoZone’s Q2 2017 earnings at $8.34 EPS, Q3 2017 earnings at $12.23 EPS, Q4 2017 earnings at $16.27 EPS, FY2017 earnings at $46.07 EPS and FY2018 earnings at $51.95 EPS.
Several other analysts have also recently commented on AZO. Goldman Sachs Group Inc. set a $841.00 target price on AutoZone and gave the company a “hold” rating in a research report on Monday, September 19th. Citigroup Inc. restated a “buy” rating on shares of AutoZone in a research report on Thursday, August 25th. Zacks Investment Research cut AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Morgan Stanley set a $820.00 target price on AutoZone and gave the company a “hold” rating in a research report on Thursday, August 11th. Finally, Argus restated a “buy” rating and issued a $875.00 target price on shares of AutoZone in a research report on Sunday, July 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $858.24.
AutoZone (NYSE:AZO) traded up 1.81% during mid-day trading on Monday, hitting $772.65. The company had a trading volume of 109,164 shares. AutoZone has a 52-week low of $681.01 and a 52-week high of $819.54. The stock’s 50 day moving average price is $761.94 and its 200 day moving average price is $776.57. The firm has a market cap of $22.50 billion, a P/E ratio of 18.98 and a beta of 0.42.
AutoZone (NYSE:AZO) last posted its quarterly earnings results on Thursday, September 22nd. The company reported $14.30 earnings per share for the quarter, beating the Zacks’ 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 had revenue of $3.40 billion for the quarter. During the same quarter last year, the firm earned $12.75 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in the company. Invictus RG raised 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 period. Global X Management Co. LLC raised 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 period. First Personal Financial Services raised 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 period. Pennsylvania Trust Co bought a new position in AutoZone during the second quarter valued at $200,000. Finally, Rehmann Capital Advisory Group bought a new position in AutoZone during the first quarter valued at $207,000. Institutional investors and hedge funds own 95.55% of the company’s stock.
In related news, Director Earl G. Graves, Jr. sold 1,000 shares of the stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $795.24, for a total transaction of $795,240.00. Following the completion of the sale, the director now directly owns 4,127 shares in the company, valued at $3,281,955.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Albert Saltiel sold 1,650 shares of the stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $807.52, for a total value of $1,332,408.00. Following the sale, the vice president now owns 1,734 shares of the company’s stock, valued at $1,400,239.68. The disclosure for this sale can be found here. Corporate insiders own 2.40% 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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