AutoZone Inc. (NYSE:AZO) will be posting its quarterly earnings results before the market opens on Thursday, September 22nd. Analysts expect AutoZone to post earnings of $14.27 per share for the quarter.

AutoZone Inc. (NYSE:AZO) opened at 744.06 on Wednesday. The firm has a 50-day moving average price of $768.18 and a 200 day moving average price of $777.28. The company has a market capitalization of $21.75 billion, a P/E ratio of 18.90 and a beta of 0.42. AutoZone Inc. has a 52-week low of $681.01 and a 52-week high of $819.54.

A number of research firms have issued reports on AZO. Argus reissued a “buy” rating and issued a $875.00 target price on shares of AutoZone in a research report on Sunday, July 10th. Susquehanna initiated coverage on AutoZone in a research report on Thursday, August 25th. They issued a “neutral” rating and a $810.00 price target for the company. Zacks Investment Research cut AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Citigroup Inc. reiterated a “buy” rating on shares of AutoZone in a research report on Thursday, August 25th. Finally, Jefferies Group initiated coverage on AutoZone in a research report on Thursday, May 26th. They issued a “hold” rating for the company. Eleven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $843.39.

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In other news, VP Ronald B. Griffin sold 4,830 shares of the business’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $804.00, for a total value of $3,883,320.00. Following the completion of the sale, the vice president now owns 5,044 shares of the company’s stock, valued at approximately $4,055,376. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thomas B. Newbern sold 16,870 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $799.82, for a total value of $13,492,963.40. Following the completion of the sale, the insider now directly owns 15,977 shares of the company’s stock, valued at approximately $12,778,724.14. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its stake in AutoZone by 1.5% in the second quarter. Janney Montgomery Scott LLC now owns 600 shares of the company’s stock worth $445,000 after buying an additional 9 shares during the period. Segall Bryant & Hamill LLC raised its position in AutoZone by 0.4% in the second quarter. Segall Bryant & Hamill LLC now owns 2,576 shares of the company’s stock worth $2,045,000 after buying an additional 10 shares during the last quarter. Veritable L.P. raised its position in AutoZone by 1.1% in the second quarter. Veritable L.P. now owns 1,024 shares of the company’s stock worth $813,000 after buying an additional 11 shares during the last quarter. Canada Pension Plan Investment Board raised its position in AutoZone by 0.4% in the second quarter. Canada Pension Plan Investment Board now owns 3,468 shares of the company’s stock worth $2,753,000 after buying an additional 15 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in AutoZone by 6.1% in the second quarter. Pacer Advisors Inc. now owns 506 shares of the company’s stock worth $402,000 after buying an additional 29 shares during the last quarter. 95.35% of the stock is owned by institutional investors.

AutoZone Company Profile

AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).

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