AutoZone, Inc. (AZO) Insider Sells $1,511,643.50 in Stock

AutoZone, Inc. (NYSE:AZO) insider Albert Saltiel sold 2,150 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $703.09, for a total transaction of $1,511,643.50. Following the completion of the sale, the insider now owns 2,276 shares in the company, valued at approximately $1,600,232.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of AutoZone, Inc. (AZO) opened at $710.09 on Monday. AutoZone, Inc. has a 52 week low of $491.13 and a 52 week high of $805.78. The company has a debt-to-equity ratio of -3.27, a quick ratio of 0.14 and a current ratio of 0.93. The firm has a market cap of $19,520.00, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.30 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $9.90 by $0.10. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the firm earned $9.36 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. equities analysts forecast that AutoZone, Inc. will post 46.73 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of AZO. Tobam acquired a new stake in shares of AutoZone in the 2nd quarter valued at $3,912,000. Private Management Group Inc. acquired a new stake in shares of AutoZone in the 2nd quarter valued at $21,538,000. Numeric Investors LLC boosted its stake in shares of AutoZone by 9.7% in the 2nd quarter. Numeric Investors LLC now owns 2,150 shares of the company’s stock valued at $1,226,000 after purchasing an additional 190 shares in the last quarter. Aviva PLC boosted its stake in shares of AutoZone by 0.6% in the 2nd quarter. Aviva PLC now owns 17,992 shares of the company’s stock valued at $10,258,000 after purchasing an additional 100 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of AutoZone by 35.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 12,904 shares of the company’s stock valued at $6,759,000 after purchasing an additional 3,379 shares in the last quarter. Hedge funds and other institutional investors own 99.69% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Credit Suisse Group set a $640.00 price objective on shares of AutoZone and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Moffett Nathanson assumed coverage on shares of AutoZone in a research note on Monday, December 4th. They issued a “neutral” rating on the stock. UBS Group restated a “buy” rating and issued a $750.00 price objective (down previously from $810.00) on shares of AutoZone in a research note on Wednesday, December 6th. Royal Bank of Canada raised their price objective on shares of AutoZone and gave the stock a “sector perform” rating in a research note on Wednesday, December 6th. Finally, Stephens restated a “hold” rating and issued a $550.00 price objective (down previously from $620.00) on shares of AutoZone in a research note on Thursday, September 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. AutoZone presently has an average rating of “Hold” and a consensus target price of $717.24.

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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.

Insider Buying and Selling by Quarter for AutoZone (NYSE:AZO)

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