AutoZone, Inc. (NYSE:AZO)‘s stock had its “hold” rating reaffirmed by Deutsche Bank AG in a research report issued to clients and investors on Friday. They presently have a $550.00 target price on the stock, down from their previous target price of $650.00. Deutsche Bank AG’s target price points to a potential upside of 7.54% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Oppenheimer Holdings, Inc. set a $900.00 price target on AutoZone and gave the company a “buy” rating in a research report on Tuesday, May 23rd. Cleveland Research cut AutoZone from a “buy” rating to a “neutral” rating in a research report on Monday, April 3rd. ValuEngine upgraded AutoZone from a “hold” rating to a “buy” rating in a research report on Wednesday, May 24th. Citigroup Inc. lowered their price target on AutoZone from $920.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $810.00 price target on shares of AutoZone in a research report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. AutoZone has an average rating of “Hold” and a consensus target price of $775.91.

Shares of AutoZone (NYSE:AZO) opened at 511.46 on Friday. AutoZone has a 1-year low of $491.13 and a 1-year high of $818.00. The firm has a 50-day moving average price of $562.64 and a 200-day moving average price of $677.76. The company has a market capitalization of $14.34 billion, a PE ratio of 11.81 and a beta of 0.62.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, May 23rd. The company reported $11.44 earnings per share for the quarter, missing analysts’ consensus estimates of $12.00 by $0.56. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the company earned $10.77 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. Equities analysts anticipate that AutoZone will post $44.01 earnings per share for the current year.

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In other news, Director William Andrew Mckenna purchased 300 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were acquired at an average price of $507.00 per share, with a total value of $152,100.00. Following the completion of the purchase, the director now directly owns 5,131 shares of the company’s stock, valued at approximately $2,601,417. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $602.50, for a total value of $602,500.00. Following the transaction, the director now directly owns 4,431 shares in the company, valued at approximately $2,669,677.50. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in AZO. American Beacon Advisors Inc. bought a new position in AutoZone during the first quarter valued at $104,000. Alpha Windward LLC raised its position in AutoZone by 3.2% in the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after buying an additional 8 shares during the last quarter. Colony Group LLC bought a new position in AutoZone during the first quarter valued at $205,000. Global X Management Co. LLC raised its position in AutoZone by 26.5% in the first quarter. Global X Management Co. LLC now owns 286 shares of the company’s stock valued at $207,000 after buying an additional 60 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in AutoZone during the first quarter valued at $213,000. 96.79% of the stock is currently 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 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.

Analyst Recommendations for AutoZone (NYSE:AZO)

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