Insider Selling: Luis P. Nieto, Jr. Unloads 1,000 Shares of AutoZone Stock (AZO)
AutoZone (NYSE:AZO) Director Luis P. Nieto, Jr. sold 1,000 shares of the company’s stock on the open market in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $503.20, for a total transaction of $503,200.00. Following the transaction, the director now directly owns 2,056 shares of the company’s stock, valued at approximately $1,034,579. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of AutoZone (NYSE:AZO) traded up 0.23% on Wednesday, hitting $503.38. The stock had a trading volume of 392,262 shares. AutoZone has a 52-week low of $351.03 and a 52-week high of $505.86. The stock has a 50-day moving average of $475.7 and a 200-day moving average of $443.1. The company has a market cap of $16.968 billion and a P/E ratio of 17.46.
AutoZone (NYSE:AZO) last released its earnings data on Tuesday, December 10th. The company reported $6.29 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $5.41 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that AutoZone will post $31.34 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Wolfe Research downgraded shares of AutoZone from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. Separately, analysts at Barclays raised their price target on shares of AutoZone from $500.00 to $550.00 in a research note to investors on Friday, January 17th. They now have an “overweight” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of AutoZone from $475.00 to $500.00 in a research note to investors on Friday, January 10th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. AutoZone presently has an average rating of “Hold” and a consensus price target of $476.93.
AutoZone, Inc (NYSE:AZO) is a retailer and a distributor of automotive replacement parts and accessories in the United States.
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