AutoZone, Inc. (AZO) Insider William W. Graves Sells 10,500 Shares
AutoZone, Inc. (NYSE:AZO) insider William W. Graves sold 10,500 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $744.78, for a total value of $7,820,190.00. Following the completion of the sale, the insider now owns 12,574 shares of the company’s stock, valued at $9,364,863.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
AutoZone, Inc. (AZO) traded up $11.83 during trading on Friday, hitting $761.26. 640,900 shares of the company’s stock traded hands, compared to its average volume of 599,000. AutoZone, Inc. has a 1 year low of $491.13 and a 1 year high of $800.00. 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 company has a market cap of $21,050.00, a PE ratio of 16.95, a P/E/G ratio of 1.38 and a beta of 0.71.
AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $9.90 by $0.10. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the firm earned $9.36 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. sell-side analysts expect that AutoZone, Inc. will post 46.73 EPS for the current fiscal year.
Several brokerages have recently commented on AZO. Credit Suisse Group set a $790.00 target price on AutoZone and gave the company a “hold” rating in a research note on Thursday. Wedbush restated a “hold” rating and issued a $580.00 target price (down from $590.00) on shares of AutoZone in a research note on Wednesday, September 20th. Citigroup restated a “buy” rating and issued a $700.00 target price on shares of AutoZone in a research note on Wednesday, September 20th. UBS Group restated a “buy” rating and issued a $655.00 target price (down from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Finally, Barclays raised their target price on AutoZone from $710.00 to $800.00 in a research note on Thursday, December 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. AutoZone has an average rating of “Hold” and an average target price of $726.06.
Several institutional investors have recently bought and sold shares of AZO. Fieldpoint Private Securities LLC bought a new stake in shares of AutoZone in the 2nd quarter worth approximately $114,000. Salem Investment Counselors Inc. raised its holdings in shares of AutoZone by 3.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after purchasing an additional 9 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in shares of AutoZone in the 3rd quarter worth approximately $179,000. Jarislowsky Fraser Ltd bought a new stake in shares of AutoZone in the 3rd quarter worth approximately $202,000. Finally, Gyroscope Capital Management Group LLC raised its holdings in shares of AutoZone by 28.7% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 408 shares of the company’s stock worth $233,000 after purchasing an additional 91 shares during the period. 99.35% of the stock is currently owned by hedge funds and other institutional investors.
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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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