AutoZone Inc. (AZO) Sets New 1-Year High at $810.75
AutoZone Inc. (NYSE:AZO)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $810.75 and last traded at $809.14, with a volume of 95,368 shares changing hands. The stock had previously closed at $803.36.
Several equities analysts have weighed in on AZO shares. Jefferies Group began coverage on AutoZone in a report on Thursday, May 26th. They issued a “hold” rating for the company. Gabelli reissued a “buy” rating and set a $935.00 price target on shares of AutoZone in a report on Friday, April 15th. Oppenheimer Holdings Inc. boosted their price target on AutoZone from $800.00 to $900.00 and gave the stock an “outperform” rating in a report on Tuesday, March 22nd. Deutsche Bank AG reissued a “buy” rating on shares of AutoZone in a report on Sunday, March 27th. Finally, Sterne Agee CRT reissued a “neutral” rating on shares of AutoZone in a report on Monday, May 16th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $844.91.
The firm has a market cap of $23.38 billion and a P/E ratio of 20.32. The stock’s 50-day moving average price is $766.24 and its 200 day moving average price is $763.59.
AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, May 24th. The company reported $10.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $10.92 by $0.15. During the same quarter in the previous year, the business earned $9.57 EPS. The company earned $2.60 billion during the quarter, compared to the consensus estimate of $2.65 billion. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that AutoZone Inc. will post $40.78 earnings per share for the current fiscal year.
In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of the firm’s 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard Craig Smith sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $781.50, for a total value of $2,735,250.00. Following the sale, the vice president now owns 6,500 shares in the company, valued at approximately $5,079,750. The disclosure for this sale can be found here.
Other large investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its stake in AutoZone by 0.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,420 shares of the company’s stock worth $1,054,000 after buying an additional 5 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of AutoZone by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,992 shares of the company’s stock worth $1,478,000 after buying an additional 8 shares during the period. NorthCoast Asset Management LLC bought a new position in shares of AutoZone during the fourth quarter worth about $1,729,000. Chartwell Investment Partners LLC boosted its position in shares of AutoZone by 32.3% in the fourth quarter. Chartwell Investment Partners LLC now owns 2,460 shares of the company’s stock worth $1,825,000 after buying an additional 600 shares during the period. Finally, Birinyi Associates Inc. boosted its position in shares of AutoZone by 37.5% in the fourth quarter. Birinyi Associates Inc. now owns 2,750 shares of the company’s stock worth $2,040,000 after buying an additional 750 shares during the period.
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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