Insider Selling: AutoZone, Inc. (AZO) VP Sells $2,052,000.00 in Stock

AutoZone, Inc. (NYSE:AZO) VP Richard Craig Smith sold 2,700 shares of the stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $760.00, for a total value of $2,052,000.00. Following the completion of the sale, the vice president now owns 4,500 shares of the company’s stock, valued at approximately $3,420,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

AutoZone, Inc. (NYSE AZO) opened at $775.50 on Monday. AutoZone, Inc. has a one year low of $491.13 and a one year high of $800.00. The company has a quick ratio of 0.14, a current ratio of 0.93 and a debt-to-equity ratio of -3.27. The firm has a market cap of $21,210.00, a price-to-earnings ratio of 17.27, a PEG ratio of 1.42 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. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the business posted $9.36 earnings per share. AutoZone’s revenue for the quarter was up 4.9% compared to the same quarter last year. research analysts predict that AutoZone, Inc. will post 46.73 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AXA increased its stake in shares of AutoZone by 0.8% in the third quarter. AXA now owns 38,237 shares of the company’s stock worth $22,755,000 after acquiring an additional 300 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of AutoZone by 0.3% in the third quarter. Burgundy Asset Management Ltd. now owns 592,020 shares of the company’s stock worth $352,317,000 after acquiring an additional 1,888 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of AutoZone by 3.3% in the third quarter. Public Employees Retirement System of Ohio now owns 45,781 shares of the company’s stock worth $27,245,000 after acquiring an additional 1,483 shares during the last quarter. Gyroscope Capital Management Group LLC increased its stake in shares of AutoZone by 31.6% in the third quarter. Gyroscope Capital Management Group LLC now owns 537 shares of the company’s stock worth $320,000 after acquiring an additional 129 shares during the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in shares of AutoZone in the third quarter worth $503,000. 99.35% of the stock is currently owned by institutional investors and hedge funds.

AZO has been the subject of a number of research analyst reports. Credit Suisse Group set a $640.00 target price on AutoZone and gave the company a “buy” rating in a report on Wednesday, November 1st. Citigroup restated a “buy” rating and issued a $700.00 target price on shares of AutoZone in a report on Wednesday, September 20th. Zacks Investment Research lowered AutoZone from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. UBS Group restated a “buy” rating and issued a $655.00 target price (down previously from $725.00) on shares of AutoZone in a report on Wednesday, September 20th. Finally, Barclays increased their target price on AutoZone from $710.00 to $800.00 in a report on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. AutoZone presently has an average rating of “Hold” and a consensus target price of $726.06.

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About AutoZone

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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