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.
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.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.com-unik.info/2017/12/25/autozone-inc-azo-insider-sells-1511643-50-in-stock.html.
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.
Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.