Stephens restated their hold rating on shares of AutoZone, Inc. (NYSE:AZO) in a report published on Thursday. Stephens currently has a $550.00 target price on the stock, down from their previous target price of $620.00.

Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) upgraded AutoZone from a neutral rating to a buy rating and upped their price objective for the company from $615.62 to $662.00 in a report on Tuesday, May 30th. They noted that the move was a valuation call. BTIG Research restated a buy rating and issued a $825.00 price target on shares of AutoZone in a report on Wednesday, May 24th. CIBC restated a buy rating and issued a $900.00 price target on shares of AutoZone in a report on Wednesday, May 24th. ValuEngine upgraded AutoZone from a hold rating to a buy rating in a report on Wednesday, May 24th. Finally, Citigroup Inc. lowered their price target on AutoZone from $920.00 to $750.00 and set a buy rating for the company in a report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $747.27.

Shares of AutoZone (AZO) traded up 2.17% during trading on Thursday, reaching $565.50. The company had a trading volume of 211,245 shares. The firm has a market capitalization of $15.85 billion, a P/E ratio of 13.06 and a beta of 0.62. AutoZone has a 52-week low of $491.13 and a 52-week high of $813.70. The company has a 50 day moving average of $534.42 and a 200-day moving average of $611.55.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, beating analysts’ consensus estimates of $15.11 by $0.07. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $14.30 earnings per share. Equities analysts expect that AutoZone will post $47.04 earnings per share for the current year.

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In related news, Director William Andrew Mckenna acquired 300 shares of the stock in a transaction on Thursday, July 13th. The shares were purchased at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the purchase, the director now directly owns 5,131 shares in the company, valued at $2,601,417. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP William T. Giles sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total value of $5,811,000.00. Following the transaction, the vice president now owns 18,500 shares in the company, valued at approximately $10,750,350. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Alpha Windward LLC increased its stake in AutoZone by 3.2% during the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after acquiring an additional 8 shares during the period. Nippon Life Insurance Co. increased its stake in AutoZone by 0.4% during the 2nd quarter. Nippon Life Insurance Co. now owns 2,022 shares of the company’s stock worth $1,153,000 after acquiring an additional 8 shares during the period. Cetera Investment Advisers increased its stake in AutoZone by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 730 shares of the company’s stock worth $417,000 after acquiring an additional 8 shares during the period. Salem Investment Counselors Inc. increased its stake in AutoZone by 3.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after acquiring an additional 9 shares during the period. Finally, Bristlecone Advisors LLC increased its stake in AutoZone by 1.2% during the 1st quarter. Bristlecone Advisors LLC now owns 856 shares of the company’s stock worth $619,000 after acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 96.08% of the company’s stock.

About AutoZone

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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