AutoZone SVP Sells $3,077,511 in Stock (AZO)
AutoZone (NYSE:AZO) SVP Larry Roesel unloaded 6,275 shares of the stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $490.44, for a total value of $3,077,511.00. Following the completion of the sale, the senior vice president now directly owns 519 shares in the company, valued at approximately $254,538. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on AZO shares. Analysts at Ned Davis Research downgraded shares of AutoZone from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 30th. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of AutoZone in a research note to investors on Wednesday, December 11th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of AutoZone in a research note to investors on Wednesday, December 11th. They now have a $545.00 price target on the stock, up previously from $490.00. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. AutoZone presently has a consensus rating of “Hold” and a consensus price target of $471.60.
Shares of AutoZone (NYSE:AZO) traded up 0.69% on Thursday, hitting $492.45. 354,294 shares of the company’s stock traded hands. AutoZone has a 52 week low of $341.98 and a 52 week high of $489.07. The stock has a 50-day moving average of $468.6 and a 200-day moving average of $439.. The company has a market cap of $16.600 billion and a price-to-earnings ratio of 17.00.
AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 10th. The company reported $6.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $6.27 by $0.02. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company posted $5.41 earnings per share. AutoZone’s revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that AutoZone will post $31.32 earnings per share for the current fiscal year.
AutoZone, Inc (NYSE:AZO) is a retailer and a distributor of automotive replacement parts and accessories in the United States.
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