AutoZone (AZO) Price Target Cut to $790.00
A number of other equities analysts have also issued reports on AZO. Morgan Stanley lowered their price target on AutoZone from $800.00 to $750.00 and set an equal weight rating on the stock in a report on Wednesday, February 28th. Wedbush reissued a neutral rating and set a $670.00 price target (down previously from $720.00) on shares of AutoZone in a report on Wednesday, February 28th. Credit Suisse Group set a $790.00 price target on AutoZone and gave the stock a hold rating in a report on Thursday, January 4th. Jefferies Group reissued a hold rating and set a $720.00 price target on shares of AutoZone in a report on Wednesday, December 6th. Finally, UBS Group reissued a buy rating and set a $750.00 price target (down previously from $810.00) on shares of AutoZone in a report on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $754.28.
AutoZone (AZO) opened at $662.86 on Thursday. The stock has a market capitalization of $18,063.60, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.06 and a beta of 0.85. AutoZone has a twelve month low of $491.13 and a twelve month high of $797.89. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27.
In related news, insider Philip B. Daniele sold 740 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $780.37, for a total value of $577,473.80. Following the completion of the sale, the insider now owns 1,058 shares in the company, valued at $825,631.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James C. Griffith sold 1,250 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $794.70, for a total transaction of $993,375.00. Following the completion of the sale, the insider now owns 1,353 shares of the company’s stock, valued at approximately $1,075,229.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,710 shares of company stock valued at $69,098,826. 2.80% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC acquired a new stake in AutoZone in the fourth quarter valued at about $211,000. First Republic Investment Management Inc. acquired a new stake in AutoZone in the fourth quarter valued at about $202,000. Bfsg LLC acquired a new stake in AutoZone in the fourth quarter valued at about $213,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of AutoZone during the 3rd quarter valued at approximately $179,000. Finally, Paragon Capital Management Ltd acquired a new stake in shares of AutoZone during the 4th quarter valued at approximately $213,000. Hedge funds and other institutional investors own 94.47% of the company’s stock.
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 October 27, 2016, the Company operated through 6,029 locations in the United States, Puerto Rico, Mexico and Brazil.
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