Wedbush reissued their hold rating on shares of AutoZone, Inc. (NYSE:AZO) in a report published on Wednesday. The firm currently has a $580.00 price target on the stock, down from their previous price target of $590.00. Wedbush also issued estimates for AutoZone’s Q1 2018 earnings at $9.76 EPS, Q2 2018 earnings at $8.20 EPS, Q3 2018 earnings at $12.11 EPS, Q4 2018 earnings at $16.53 EPS, FY2018 earnings at $46.60 EPS and FY2019 earnings at $51.30 EPS.
A number of other equities research analysts also recently issued reports on the company. Bank of America Corporation restated a buy rating and set a $625.00 price target on shares of AutoZone in a research note on Tuesday, September 5th. Zacks Investment Research upgraded AutoZone from a sell rating to a hold rating in a research note on Tuesday, August 29th. BidaskClub upgraded AutoZone from a strong sell rating to a sell rating in a research note on Monday, July 31st. Deutsche Bank AG restated a hold rating and set a $550.00 price target (down from $650.00) on shares of AutoZone in a research note on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. cut their price target on AutoZone and set an outperform rating for the company in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $747.27.
AutoZone (AZO) traded down 0.249% during trading on Wednesday, reaching $542.225. 14,788 shares of the company traded hands. The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 12.525 and a beta of 0.62. The company’s 50-day moving average price is $534.42 and its 200 day moving average price is $611.55. AutoZone has a 52 week low of $491.13 and a 52 week high of $813.70.
AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, topping the consensus estimate of $15.11 by $0.07. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same period last year, the company earned $14.30 EPS. AutoZone’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts expect that AutoZone will post $47.26 EPS for the current year.
In other news, VP William T. Giles sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at approximately $10,750,350. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William Andrew Mckenna bought 300 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were bought at an average cost of $507.00 per share, for a total transaction of $152,100.00. Following the transaction, the director now owns 5,131 shares in the company, valued at approximately $2,601,417. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Alpha Windward LLC grew its position in AutoZone by 3.2% in the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after acquiring an additional 8 shares during the last quarter. Nippon Life Insurance Co. grew its position in AutoZone by 0.4% in the 2nd quarter. Nippon Life Insurance Co. now owns 2,022 shares of the company’s stock valued at $1,153,000 after acquiring an additional 8 shares during the last quarter. Cetera Investment Advisers grew its position in AutoZone by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 730 shares of the company’s stock valued at $417,000 after acquiring an additional 8 shares during the last quarter. Salem Investment Counselors Inc. grew its position in AutoZone by 3.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after acquiring an additional 9 shares during the last quarter. Finally, Bristlecone Advisors LLC grew its position in AutoZone by 1.2% in the 1st quarter. Bristlecone Advisors LLC now owns 856 shares of the company’s stock valued at $619,000 after acquiring an additional 10 shares during the last quarter. 96.08% of the stock is currently owned by institutional investors.
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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