AutoZone Inc. (NYSE:AZO) shares shot up 3.2% on Thursday . The stock traded as high as $818.00 and last traded at $815.60, with a volume of 211,588 shares traded. The stock had previously closed at $790.32.

Several research firms have weighed in on AZO. Sterne Agee CRT reissued a “neutral” rating on shares of AutoZone in a research report on Monday, May 16th. Deutsche Bank AG reissued a “hold” rating on shares of AutoZone in a research report on Thursday, April 14th. Argus reissued a “buy” rating and issued a $875.00 price objective on shares of AutoZone in a research report on Sunday, July 10th. Gabelli reissued a “buy” rating and issued a $935.00 price objective on shares of AutoZone in a research report on Friday, April 15th. Finally, Zacks Investment Research cut AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $846.58.

The stock has a market capitalization of $23.85 billion and a PE ratio of 20.73. The stock has a 50-day moving average price of $783.32 and a 200-day moving average price of $769.93.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, May 24th. The company reported $10.77 earnings per share for the quarter, missing the consensus estimate of $10.92 by $0.15. The company earned $2.60 billion during the quarter, compared to the consensus estimate of $2.65 billion. AutoZone’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $9.57 EPS. On average, equities analysts anticipate that AutoZone Inc. will post $40.76 earnings per share for the current fiscal year.

In related news, VP Philip B. Daniele sold 6,700 shares of the stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $755.40, for a total transaction of $5,061,180.00. Following the completion of the sale, the vice president now directly owns 3,638 shares in the company, valued at approximately $2,748,145.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $800.25, for a total value of $2,400,750.00. Following the sale, the director now owns 7,597 shares of the company’s stock, valued at $6,079,499.25. The disclosure for this sale can be found here.

Other large investors recently modified their holdings of the company. 12th Street Asset Management Company LLC boosted its stake in shares of AutoZone by 226.6% in the fourth quarter. 12th Street Asset Management Company LLC now owns 3,919 shares of the company’s stock valued at $2,908,000 after buying an additional 2,719 shares in the last quarter. American Capital Management Inc. bought a new stake in shares of AutoZone during the fourth quarter valued at $8,580,000. Wells Fargo & Company MN boosted its stake in shares of AutoZone by 5.5% in the fourth quarter. Wells Fargo & Company MN now owns 46,575 shares of the company’s stock valued at $34,553,000 after buying an additional 2,427 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of AutoZone by 15.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 7,354 shares of the company’s stock valued at $5,601,000 after buying an additional 979 shares in the last quarter. Finally, Atlantic Trust Group LLC boosted its stake in shares of AutoZone by 0.4% in the fourth quarter. Atlantic Trust Group LLC now owns 40,833 shares of the company’s stock valued at $30,294,000 after buying an additional 143 shares in the last quarter.

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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