Traders purchased shares of AutoZone, Inc. (NYSE:AZO) on weakness during trading on Tuesday. $73.44 million flowed into the stock on the tick-up and $51.41 million flowed out of the stock on the tick-down, for a money net flow of $22.03 million into the stock. Of all stocks tracked, AutoZone had the 17th highest net in-flow for the day. AutoZone traded down ($5.42) for the day and closed at $934.61

Several research firms recently commented on AZO. Bank of America upgraded AutoZone from a “neutral” rating to a “buy” rating in a research report on Monday. Morgan Stanley raised their target price on AutoZone from $900.00 to $980.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 27th. Credit Suisse Group restated an “outperform” rating and set a $1,050.00 target price (up previously from $930.00) on shares of AutoZone in a research report on Wednesday, February 27th. Wedbush restated an “outperform” rating and set a $1,030.00 target price (up previously from $970.00) on shares of AutoZone in a research report on Wednesday, February 27th. Finally, Barclays restated an “overweight” rating and set a $1,050.00 target price (up previously from $950.00) on shares of AutoZone in a research report on Wednesday, February 27th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $922.20.

The stock has a market cap of $23.56 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.26 and a beta of 0.68.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, February 26th. The company reported $11.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $9.98 by $1.51. AutoZone had a negative return on equity of 99.55% and a net margin of 12.49%. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the previous year, the company posted $8.47 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts predict that AutoZone, Inc. will post 61.44 earnings per share for the current year.

In other AutoZone news, insider Ronald B. Griffin sold 21,000 shares of AutoZone stock in a transaction on Monday, December 17th. The stock was sold at an average price of $844.93, for a total value of $17,743,530.00. Following the completion of the transaction, the insider now owns 21,377 shares in the company, valued at approximately $18,062,068.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kristen C. Wright sold 1,500 shares of AutoZone stock in a transaction on Friday, December 14th. The shares were sold at an average price of $885.00, for a total value of $1,327,500.00. Following the completion of the transaction, the vice president now owns 1,719 shares of the company’s stock, valued at approximately $1,521,315. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,890 shares of company stock valued at $22,972,867. Corporate insiders own 2.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of AutoZone by 4.4% during the third quarter. JPMorgan Chase & Co. now owns 2,034,551 shares of the company’s stock worth $1,578,202,000 after acquiring an additional 84,961 shares during the last quarter. BlackRock Inc. raised its position in shares of AutoZone by 0.8% during the fourth quarter. BlackRock Inc. now owns 1,884,687 shares of the company’s stock worth $1,580,008,000 after acquiring an additional 14,276 shares during the last quarter. FMR LLC raised its position in shares of AutoZone by 3.7% during the fourth quarter. FMR LLC now owns 1,403,413 shares of the company’s stock worth $1,176,537,000 after acquiring an additional 49,662 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of AutoZone by 14.2% during the third quarter. Alliancebernstein L.P. now owns 431,446 shares of the company’s stock worth $334,673,000 after acquiring an additional 53,750 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of AutoZone by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 353,880 shares of the company’s stock worth $296,182,000 after acquiring an additional 14,661 shares during the last quarter. Hedge funds and other institutional investors own 92.97% of the company’s stock.

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AutoZone Company Profile (NYSE:AZO)

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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