AutoZone, Inc. (NYSE: AZO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of AutoZone, Inc. (NYSE: AZO – Get Rating) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $ 2,356.53.

Several equities research analysts have commented on AZO shares. Wells Fargo & Company boosted their price target on shares of AutoZone from $ 2,350.00 to $ 2,450.00 and gave the stock an “overweight” rating in a research report on Friday, September 9th. Jefferies Financial Group boosted their price target on shares of AutoZone from $ 2,350.00 to $ 2,450.00 and gave the stock a “buy” rating in a research report on Tuesday. MKM Partners started coverage on shares of AutoZone in a research report on Thursday, June 23rd. They set a “buy” rating and a $ 2,350.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $ 2,334.00 price target on shares of AutoZone in a research report on Wednesday. Finally, Stephens boosted their price target on shares of AutoZone to $ 2,400.00 in a research report on Tuesday.

Insider Transactions at AutoZone

In related news, VP Domingo Hurtado sold 395 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $ 2,217.53, for a total value of $ 875,924.35. Following the transaction, the vice president now owns 362 shares in the company, valued at approximately $ 802,745.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Domingo Hurtado sold 395 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $ 2,217.53, for a total value of $ 875,924.35. Following the transaction, the vice president now owns 362 shares in the company, valued at approximately $ 802,745.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO William C. Rhodes III sold 2,958 shares of the company’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $ 2,206.33, for a total transaction of $ 6,526,324.14. Following the completion of the transaction, the chief executive officer now owns 15,935 shares in the company, valued at approximately $ 35,157,868.55. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Private Trust Co. NA acquired a new position in shares of AutoZone during the 2nd quarter worth approximately $ 333,000. About Neil Global Advisors Inc. acquired a new position in shares of AutoZone during the 2nd quarter worth approximately $ 840,000. B. Riley Wealth Management Inc. grew its position in shares of AutoZone by 103.7% during the 2nd quarter. B. Riley Wealth Management Inc. now owns 986 shares of the company’s stock worth $ 34,324,000 after purchasing an additional 502 shares in the last quarter. Intersect Capital LLC grew its position in shares of AutoZone by 91.3% during the 2nd quarter. Intersect Capital LLC now owns 572 shares of the company’s stock worth $ 1,229,000 after purchasing an additional 273 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of AutoZone during the 2nd quarter worth approximately $ 817,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

AutoZone Trading Down 1.0%

AZO opened at $ 2,082.64 on Friday. The stock has a market capitalization of $ 40.59 billion, a P / E ratio of 17.72, a P / E / G ratio of 1.53 and a beta of 0.78. AutoZone has a 12 month low of $ 1,634.34 and a 12 month high of $ 2,362.24. The firm’s fifty day simple moving average is $ 2,185.96 and its 200 day simple moving average is $ 2,096.21.

AutoZone (NYSE: AZO – Get Rating) last posted its quarterly earnings data on Monday, September 19th. The company reported $ 40.51 EPS for the quarter, beating the consensus estimate of $ 38.38 by $ 2.13. The business had revenue of $ 5.35 billion for the quarter, compared to analysts’ expectations of $ 5.16 billion. AutoZone had a net margin of 14.95% and a negative return on equity of 79.74%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $ 35.72 EPS. On average, equities research analysts predict that AutoZone will post 122.78 EPS for the current fiscal year.

AutoZone Company Profile

(Get Rating)

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, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs.

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Analyst Recommendations for AutoZone (NYSE: AZO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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