AutoZone, Inc. (NYSE:AZO - Get Free Report) VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the transaction, the vice president now owns 417 shares in the company, valued at approximately $1,501,200. The trade was a 79.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
AutoZone Stock Performance
AZO opened at $3,561.95 on Wednesday. The firm's fifty day moving average is $3,383.15 and its two-hundred day moving average is $3,236.73. The firm has a market cap of $59.78 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,704.43.
AutoZone (NYSE:AZO - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Equities analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.
Institutional Investors Weigh In On AutoZone
Several large investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. increased its position in shares of AutoZone by 5.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock worth $195,000 after acquiring an additional 3 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its position in shares of AutoZone by 2.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock worth $487,000 after acquiring an additional 3 shares in the last quarter. PDS Planning Inc increased its position in shares of AutoZone by 2.3% during the fourth quarter. PDS Planning Inc now owns 132 shares of the company's stock worth $423,000 after acquiring an additional 3 shares in the last quarter. Harbour Investments Inc. increased its position in shares of AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after acquiring an additional 3 shares in the last quarter. Finally, Meeder Advisory Services Inc. increased its position in shares of AutoZone by 0.8% during the fourth quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock worth $1,188,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 92.74% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on the stock. Roth Mkm lifted their price objective on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Evercore ISI boosted their price target on shares of AutoZone from $3,525.00 to $3,700.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Morgan Stanley boosted their price target on shares of AutoZone from $3,490.00 to $3,750.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Bank of America boosted their price target on shares of AutoZone from $3,600.00 to $3,700.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $3,651.91.
View Our Latest Stock Analysis on AutoZone
AutoZone Company Profile
(
Get Free Report)
AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.
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