AutoZone, Inc. (NYSE:AZO) CFO William T. Giles sold 24,200 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $710.79, for a total value of $17,201,118.00. Following the completion of the transaction, the chief financial officer now directly owns 24,466 shares of the company’s stock, valued at $17,390,188.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

AutoZone, Inc. (AZO) opened at $708.21 on Thursday. AutoZone, Inc. has a one year low of $491.13 and a one year high of $809.52. The company has a debt-to-equity ratio of -3.27, a quick ratio of 0.14 and a current ratio of 0.93. The firm has a market capitalization of $19,318.13, a price-to-earnings ratio of 15.87, a P/E/G ratio of 1.30 and a beta of 0.72.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $9.90 by $0.10. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.36 EPS. analysts predict that AutoZone, Inc. will post 46.73 earnings per share for the current year.

Several research analysts have recently commented on the company. Credit Suisse Group set a $640.00 price target on AutoZone and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Moffett Nathanson assumed coverage on AutoZone in a research report on Monday, December 4th. They issued a “neutral” rating for the company. UBS reissued a “buy” rating and issued a $750.00 price target (down from $810.00) on shares of AutoZone in a research report on Wednesday, December 6th. Royal Bank of Canada boosted their price target on AutoZone and gave the stock a “sector perform” rating in a research report on Wednesday, December 6th. Finally, Zacks Investment Research raised AutoZone from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. AutoZone currently has an average rating of “Hold” and an average target price of $733.89.

A number of institutional investors have recently bought and sold shares of AZO. Strs Ohio grew its stake in AutoZone by 7.0% during the 2nd quarter. Strs Ohio now owns 1,215 shares of the company’s stock valued at $693,000 after purchasing an additional 80 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in AutoZone by 317.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 9,175 shares of the company’s stock valued at $5,234,000 after purchasing an additional 6,975 shares during the last quarter. Sei Investments Co. grew its stake in AutoZone by 55.0% during the 2nd quarter. Sei Investments Co. now owns 5,439 shares of the company’s stock valued at $3,101,000 after purchasing an additional 1,931 shares during the last quarter. Global X Management Co. LLC grew its stake in AutoZone by 12.9% during the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock valued at $184,000 after purchasing an additional 37 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in AutoZone by 11.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 19,853 shares of the company’s stock valued at $11,325,000 after purchasing an additional 1,965 shares during the last quarter. Institutional investors and hedge funds own 99.03% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for AutoZone (NYSE:AZO)

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