AutoZone, Inc. (NYSE:AZO - Get Free Report) VP Domingo Hurtado sold 4,800 shares of AutoZone stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the transaction, the vice president now owns 159 shares in the company, valued at approximately $581,940. This trade represents a 96.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
AutoZone Stock Down 0.8 %
AZO stock opened at $3,650.14 on Thursday. The company has a market capitalization of $61.26 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 1.86 and a beta of 0.54. The firm has a 50 day moving average of $3,584.12 and a two-hundred day moving average of $3,351.86. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,916.81.
AutoZone (NYSE:AZO - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. On average, research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on AZO shares. Raymond James reaffirmed a "strong-buy" rating on shares of AutoZone in a research report on Wednesday, March 5th. Argus downgraded AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Barclays raised their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Wedbush restated an "outperform" rating and set a $3,700.00 price target on shares of AutoZone in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of AutoZone from $3,775.00 to $3,830.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, AutoZone presently has an average rating of "Moderate Buy" and a consensus target price of $3,724.00.
Read Our Latest Analysis on AutoZone
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in AZO. Headlands Technologies LLC acquired a new position in AutoZone during the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of AutoZone during the 4th quarter worth $32,000. Harbour Investments Inc. grew its stake in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in AutoZone in the 4th quarter worth $45,000. Finally, Itau Unibanco Holding S.A. raised its holdings in AutoZone by 750.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock worth $54,000 after acquiring an additional 15 shares during the period. 92.74% of the stock is owned by institutional investors.
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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