AutoZone’s (AZO) Hold Rating Reaffirmed at Stephens
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.
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.
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