AutoZone Inc. (NYSE:AZO) saw strong trading volume on Wednesday . 183,113 shares changed hands during trading, an increase of 9% from the previous session’s volume of 168,132 shares.The stock last traded at $775.81 and had previously closed at $788.88.

Several analysts have recently weighed in on the stock. Argus restated a “buy” rating and set a $875.00 price objective on shares of AutoZone in a research report on Sunday, July 10th. Morgan Stanley set a $820.00 price target on shares of AutoZone and gave the company a “hold” rating in a research report on Thursday, August 11th. Zacks Investment Research downgraded shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Sterne Agee CRT reiterated a “neutral” rating on shares of AutoZone in a research report on Monday, May 16th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of AutoZone in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. AutoZone has an average rating of “Buy” and a consensus price target of $843.52.

The stock has a market cap of $22.10 billion and a P/E ratio of 19.20. The stock’s 50-day moving average price is $798.48 and its 200-day moving average price is $778.67.

In other news, VP Albert Saltiel sold 1,650 shares of the company’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $807.52, for a total transaction of $1,332,408.00. Following the transaction, the vice president now owns 1,734 shares of the company’s stock, valued at $1,400,239.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Philip B. Daniele sold 6,700 shares of the company’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $755.40, for a total value of $5,061,180.00. Following the transaction, the vice president now directly owns 3,638 shares in the company, valued at approximately $2,748,145.20. The disclosure for this sale can be found here.

An institutional investor recently raised its position in AutoZone stock. I.G. Investment Management LTD. boosted its stake in shares of AutoZone Inc. (NYSE:AZO) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,100 shares of the company’s stock after buying an additional 257 shares during the period. I.G. Investment Management LTD.’s holdings in AutoZone were worth $8,977,000 at the end of the most recent reporting 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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