Stephens set a $840.00 price target on AutoZone (NYSE:AZO) in a research note released on Tuesday. The firm currently has a hold rating on the stock.
Other analysts have also issued research reports about the company. Wedbush restated a hold rating and set a $580.00 price target (down previously from $590.00) on shares of AutoZone in a report on Wednesday, September 20th. Citigroup restated a buy rating and set a $700.00 price target on shares of AutoZone in a report on Wednesday, September 20th. UBS Group reiterated a buy rating and issued a $655.00 target price (down previously from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Jefferies Group reiterated a hold rating and issued a $720.00 target price on shares of AutoZone in a research note on Wednesday, December 6th. Finally, Barclays increased their target price on AutoZone from $710.00 to $800.00 in a research note on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $734.56.
Shares of AutoZone (NYSE:AZO) opened at $793.80 on Tuesday. AutoZone has a twelve month low of $491.13 and a twelve month high of $797.89. The firm has a market capitalization of $21,466.38, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.25 and a beta of 0.71. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27.
AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $9.90 by $0.10. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the firm posted $9.36 EPS. AutoZone’s quarterly revenue was up 4.9% compared to the same quarter last year. equities analysts forecast that AutoZone will post 47.79 earnings per share for the current fiscal year.
In other news, VP Charles Pleas III sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $700.00, for a total transaction of $7,000,000.00. Following the transaction, the vice president now owns 14,377 shares in the company, valued at $10,063,900. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James C. Griffith sold 1,547 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $783.00, for a total value of $1,211,301.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,460 shares of company stock worth $68,105,451. Insiders own 2.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new position in shares of AutoZone during the second quarter valued at $114,000. Salem Investment Counselors Inc. increased its stake in shares of AutoZone by 3.5% during the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after buying an additional 9 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of AutoZone during the third quarter valued at $179,000. CWM LLC increased its stake in shares of AutoZone by 41.8% during the fourth quarter. CWM LLC now owns 312 shares of the company’s stock valued at $222,000 after buying an additional 92 shares during the period. Finally, Jarislowsky Fraser Ltd purchased a new position in shares of AutoZone during the third quarter valued at $202,000. Hedge funds and other institutional investors own 99.35% of the company’s stock.
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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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