Mark A. Finestone Sells 13,500 Shares of AutoZone, Inc. (AZO) Stock

AutoZone, Inc. (NYSE:AZO) insider Mark A. Finestone sold 13,500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $711.37, for a total value of $9,603,495.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

AutoZone, Inc. (NYSE:AZO) traded down $13.28 during trading hours on Monday, reaching $708.61. The company’s stock had a trading volume of 502,287 shares, compared to its average volume of 464,360. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27. The company has a market capitalization of $19,680.16, a PE ratio of 16.16, a PEG ratio of 1.33 and a beta of 0.72. AutoZone, Inc. has a twelve month low of $491.13 and a twelve month high of $811.59.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, beating the Zacks’ consensus estimate of $9.90 by $0.10. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $9.36 earnings per share. research analysts forecast that AutoZone, Inc. will post 46.73 EPS for the current year.

Several research analysts have recently issued reports on the company. Barclays increased their target price on AutoZone from $710.00 to $800.00 in a research report on Thursday. Deutsche Bank increased their target price on AutoZone from $625.00 to $700.00 in a research report on Thursday. Jefferies Group restated a “hold” rating and issued a $720.00 price target on shares of AutoZone in a research note on Wednesday, December 6th. Royal Bank Of Canada upped their price target on AutoZone and gave the stock a “sector perform” rating in a research note on Wednesday, December 6th. Finally, UBS restated a “buy” rating and issued a $750.00 price target (down previously from $810.00) on shares of AutoZone in a research note on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $733.89.

A number of large investors have recently bought and sold shares of AZO. JPMorgan Chase & Co. grew its position in shares of AutoZone by 59.7% during the second quarter. JPMorgan Chase & Co. now owns 1,018,416 shares of the company’s stock valued at $580,966,000 after purchasing an additional 380,824 shares in the last quarter. Nordea Investment Management AB grew its position in shares of AutoZone by 44.9% during the second quarter. Nordea Investment Management AB now owns 1,027,095 shares of the company’s stock valued at $585,917,000 after purchasing an additional 318,188 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of AutoZone during the second quarter valued at about $297,000. CI Global Investments Inc. grew its position in shares of AutoZone by 437.2% during the second quarter. CI Global Investments Inc. now owns 321,207 shares of the company’s stock valued at $183,236,000 after purchasing an additional 261,417 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of AutoZone during the third quarter valued at about $141,811,000. 99.03% of the stock is currently owned by institutional investors and hedge funds.

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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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