Investors sold shares of AutoZone, Inc. (NYSE:AZO) on strength during trading hours on Tuesday after an insider sold shares in the company. $49.26 million flowed into the stock on the tick-up and $113.86 million flowed out of the stock on the tick-down, for a money net flow of $64.60 million out of the stock. Of all equities tracked, AutoZone had the 21st highest net out-flow for the day. AutoZone traded up $2.44 for the day and closed at $711.05Specifically, insider Mark A. Finestone sold 13,500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $711.37, for a total transaction of $9,603,495.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Charles Pleas III sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $700.00, for a total transaction of $7,000,000.00. Following the transaction, the vice president now owns 14,377 shares of the company’s stock, valued at $10,063,900. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,823 shares of company stock valued at $56,687,723. 2.80% of the stock is owned by corporate insiders.

AZO has been the topic of a number of research reports. UBS reissued a “buy” rating and set a $750.00 target price (down from $810.00) on shares of AutoZone in a report on Wednesday, December 6th. Barclays boosted their target price on shares of AutoZone from $710.00 to $800.00 in a report on Thursday, December 7th. Jefferies Group reissued a “hold” rating and set a $720.00 target price on shares of AutoZone in a report on Wednesday, December 6th. Citigroup boosted their target price on shares of AutoZone to $820.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. Finally, Guggenheim lowered shares of AutoZone from a “buy” rating to a “neutral” rating in a report on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $733.89.

The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27. The firm has a market capitalization of $19,440.00, a P/E ratio of 16.16, a P/E/G ratio of 1.33 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $9.90 by $0.10. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. AutoZone’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $9.36 earnings per share. equities research analysts forecast that AutoZone, Inc. will post 46.73 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in AutoZone by 1.7% during the second quarter. Vanguard Group Inc. now owns 1,899,758 shares of the company’s stock worth $1,083,735,000 after acquiring an additional 32,542 shares in the last quarter. FMR LLC boosted its stake in AutoZone by 6.7% during the second quarter. FMR LLC now owns 1,864,473 shares of the company’s stock worth $1,063,608,000 after acquiring an additional 117,019 shares in the last quarter. State Street Corp boosted its stake in AutoZone by 5.1% during the second quarter. State Street Corp now owns 1,363,261 shares of the company’s stock worth $777,679,000 after acquiring an additional 66,734 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in AutoZone by 27.8% during the third quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock worth $764,272,000 after acquiring an additional 282,939 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in AutoZone by 4.4% during the third quarter. Nordea Investment Management AB now owns 1,072,553 shares of the company’s stock worth $638,287,000 after acquiring an additional 45,458 shares in the last quarter. 99.03% of the stock is currently owned by institutional investors and hedge funds.

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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.

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