Oppenheimer Holdings, Inc. restated their buy rating on shares of AutoZone, Inc. (NYSE:AZO) in a research report sent to investors on Thursday morning.

Several other research analysts also recently issued reports on the company. Stephens reaffirmed a hold rating and set a $550.00 price target (down previously from $620.00) on shares of AutoZone in a research note on Thursday. UBS AG reaffirmed a buy rating and set a $655.00 price target (down previously from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Credit Suisse Group reaffirmed a buy rating and set a $583.00 price target on shares of AutoZone in a research note on Wednesday, September 20th. Citigroup Inc. reaffirmed a buy rating and set a $700.00 price target on shares of AutoZone in a research note on Wednesday, September 20th. Finally, Royal Bank Of Canada cut their price target on AutoZone from $577.00 to $571.00 and set a sector perform rating for the company in a research note on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $747.27.

Shares of AutoZone (NYSE:AZO) opened at 574.03 on Thursday. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 13.03 and a beta of 0.62. The stock’s 50 day moving average is $534.42 and its 200-day moving average is $611.55. AutoZone has a 12-month low of $491.13 and a 12-month high of $813.70.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $14.30 EPS. Equities analysts anticipate that AutoZone will post $47.03 EPS for the current fiscal year.

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In other news, VP William T. Giles sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the vice president now owns 18,500 shares in the company, valued at approximately $10,750,350. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Andrew Mckenna bought 300 shares of the firm’s stock in a transaction dated Thursday, July 13th. The shares were purchased at an average price of $507.00 per share, with a total value of $152,100.00. Following the acquisition, the director now directly owns 5,131 shares in the company, valued at approximately $2,601,417. The disclosure for this purchase can be found here. 2.60% of the stock is owned by insiders.

Several large investors have recently modified their holdings of AZO. BlackRock Inc. grew its holdings in shares of AutoZone by 2,993.2% during the 1st quarter. BlackRock Inc. now owns 2,029,985 shares of the company’s stock worth $1,467,778,000 after purchasing an additional 1,964,358 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of AutoZone by 59.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,018,416 shares of the company’s stock worth $580,966,000 after purchasing an additional 380,824 shares during the period. OppenheimerFunds Inc. grew its holdings in shares of AutoZone by 103.6% during the 1st quarter. OppenheimerFunds Inc. now owns 693,624 shares of the company’s stock worth $501,525,000 after purchasing an additional 352,990 shares during the period. Nordea Investment Management AB grew its holdings in shares of AutoZone by 44.9% during the 2nd quarter. Nordea Investment Management AB now owns 1,027,095 shares of the company’s stock worth $585,917,000 after purchasing an additional 318,188 shares during the period. Finally, Koch Industries Inc. purchased a new stake in shares of AutoZone during the 2nd quarter worth about $297,000. Institutional investors and hedge funds 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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