Goldman Sachs Group Inc. set a $841.00 target price on AutoZone Inc. (NYSE:AZO) in a research report report published on Monday. The brokerage currently has a a hold rating on the stock.

Analyst Recommendations for AutoZone (NYSE:AZO)

AZO has been the subject of several other research reports. Citigroup Inc. reaffirmed a buy rating on shares of AutoZone in a research note on Thursday, August 25th. Zacks Investment Research lowered shares of AutoZone from a hold rating to a sell rating in a research note on Tuesday, July 26th. Morgan Stanley set a $820.00 price objective on shares of AutoZone and gave the company a hold rating in a research note on Thursday, August 11th. Argus reaffirmed a buy rating and issued a $875.00 price objective on shares of AutoZone in a research note on Sunday, July 10th. Finally, Credit Suisse Group AG reiterated a buy rating on shares of AutoZone in a report on Thursday, May 26th. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. AutoZone presently has a consensus rating of Buy and an average target price of $843.39.

AutoZone (NYSE:AZO) opened at 751.45 on Monday. AutoZone has a one year low of $681.01 and a one year high of $819.54. The firm has a 50-day moving average of $766.72 and a 200-day moving average of $777.09. The company has a market cap of $21.97 billion, a PE ratio of 19.09 and a beta of 0.42.

In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 7,597 shares of the company’s stock, valued at $6,079,499.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 19th. The shares were 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 of the company’s stock, valued at approximately $3,281,955.48. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

A number of large investors have recently modified their holdings of AZO. Carderock Capital Management Inc. increased its stake in shares of AutoZone by 1.0% in the first quarter. Carderock Capital Management Inc. now owns 3,092 shares of the company’s stock valued at $2,464,000 after buying an additional 32 shares during the last quarter. Virginia Retirement System purchased a new stake in shares of AutoZone during the first quarter valued at approximately $26,764,000. Nisa Investment Advisors L.L.C. increased its stake in shares of AutoZone by 0.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 7,527 shares of the company’s stock valued at $5,997,000 after buying an additional 30 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of AutoZone during the first quarter valued at approximately $535,000. Finally, Commonwealth Equity Services Inc increased its stake in shares of AutoZone by 54.2% in the first quarter. Commonwealth Equity Services Inc now owns 765 shares of the company’s stock valued at $609,000 after buying an additional 269 shares during the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

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).

5 Day Chart for NYSE:AZO

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