AutoZone, Inc. (NYSE:AZO) – Investment analysts at Jefferies Group reduced their Q1 2018 earnings per share (EPS) estimates for AutoZone in a note issued to investors on Tuesday. Jefferies Group analyst B. Jordan now forecasts that the company will earn $9.93 per share for the quarter, down from their previous forecast of $10.26. Jefferies Group also issued estimates for AutoZone’s Q2 2018 earnings at $8.48 EPS, Q3 2018 earnings at $12.02 EPS, Q1 2019 earnings at $10.60 EPS, Q2 2019 earnings at $9.08 EPS and FY2019 earnings at $49.89 EPS.

AZO has been the topic of several other research reports. Deutsche Bank AG reiterated a “hold” rating and issued a $550.00 price objective (down previously from $650.00) on shares of AutoZone in a report on Friday, July 21st. Wedbush reiterated a “neutral” rating on shares of AutoZone in a report on Thursday, July 6th. BidaskClub upgraded AutoZone from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. decreased their price objective on AutoZone and set an “outperform” rating on the stock in a report on Thursday, July 20th. Finally, Zacks Investment Research upgraded AutoZone from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $747.27.

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Shares of AutoZone (NYSE AZO) opened at 574.03 on Thursday. AutoZone has a 52-week low of $491.13 and a 52-week high of $813.70. The company has a market cap of $16.09 billion, a price-to-earnings ratio of 13.26 and a beta of 0.62. The firm has a 50 day moving average price of $534.42 and a 200-day moving average price of $611.55.

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

In other news, Director William Andrew Mckenna acquired 300 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The stock was bought at an average cost of $507.00 per share, for a total transaction of $152,100.00. Following the acquisition, the director now directly owns 5,131 shares in the company, valued at $2,601,417. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP William T. Giles sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the completion of the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at $10,750,350. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Burgundy Asset Management Ltd. raised its stake in AutoZone by 47.1% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 590,132 shares of the company’s stock valued at $336,647,000 after buying an additional 188,854 shares during the last quarter. Pinnacle Family Advisors LLC purchased a new stake in AutoZone during the 2nd quarter valued at $311,000. Sentry Investment Management LLC raised its stake in AutoZone by 3.4% during the 2nd quarter. Sentry Investment Management LLC now owns 2,273 shares of the company’s stock valued at $1,297,000 after buying an additional 74 shares during the last quarter. WFG Advisors LP raised its stake in AutoZone by 46.3% during the 2nd quarter. WFG Advisors LP now owns 540 shares of the company’s stock valued at $308,000 after buying an additional 171 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in AutoZone by 52.5% during the 2nd quarter. Toronto Dominion Bank now owns 12,747 shares of the company’s stock valued at $7,273,000 after buying an additional 4,388 shares during the last quarter. Institutional investors and hedge funds own 96.08% of the company’s stock.

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.

Earnings History and Estimates for AutoZone (NYSE:AZO)

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