AutoZone, Inc. (AZO) Insider Sells $1,211,301.00 in Stock

AutoZone, Inc. (NYSE:AZO) insider James C. Griffith sold 1,547 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $783.00, for a total value of $1,211,301.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

AutoZone, Inc. (NYSE:AZO) traded down $3.27 during trading hours on Friday, hitting $784.79. The stock had a trading volume of 297,600 shares, compared to its average volume of 454,383. The company has a market cap of $21,650.00, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $791.64. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.14.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, topping the consensus estimate of $9.90 by $0.10. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The firm 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. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. analysts expect that AutoZone, Inc. will post 47.25 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in shares of AutoZone by 107.4% in the fourth quarter. State of Alaska Department of Revenue now owns 3,708 shares of the company’s stock worth $2,636,000 after buying an additional 1,920 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of AutoZone by 5.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 97,347 shares of the company’s stock worth $69,250,000 after buying an additional 4,812 shares during the period. Koshinski Asset Management Inc. purchased a new stake in shares of AutoZone in the fourth quarter worth approximately $908,000. Marathon Asset Management LLP raised its holdings in shares of AutoZone by 1.1% in the fourth quarter. Marathon Asset Management LLP now owns 27,773 shares of the company’s stock worth $19,757,000 after buying an additional 300 shares during the period. Finally, Creative Planning raised its holdings in shares of AutoZone by 5.0% in the fourth quarter. Creative Planning now owns 2,044 shares of the company’s stock worth $1,454,000 after buying an additional 97 shares during the period. Hedge funds and other institutional investors own 99.35% of the company’s stock.

Several analysts recently issued reports on the company. Credit Suisse Group set a $790.00 target price on AutoZone and gave the stock a “hold” rating in a research report on Thursday, January 4th. Moffett Nathanson assumed coverage on AutoZone in a research report on Monday, December 4th. They set a “neutral” rating for the company. Royal Bank of Canada increased their target price on AutoZone and gave the stock a “sector perform” rating in a research report on Wednesday, December 6th. UBS Group reiterated a “buy” rating and set a $750.00 target price (down previously from $810.00) on shares of AutoZone in a research report on Wednesday, December 6th. Finally, Stephens reiterated a “hold” rating and set a $550.00 target price (down previously from $620.00) on shares of AutoZone in a research report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $734.56.

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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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