AutoZone Inc. (NYSE:AZO) announced its quarterly earnings data on Thursday. The company reported $14.30 EPS for the quarter, topping the Zacks’ consensus estimate of $14.27 by $0.03. AutoZone had a negative return on equity of 68.63% and a net margin of 11.55%.

AutoZone (NYSE:AZO) opened at 751.45 on Thursday. The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 19.09 and a beta of 0.42. AutoZone has a 52-week low of $681.01 and a 52-week high of $819.54. The stock has a 50 day moving average price of $766.72 and a 200 day moving average price of $777.09.

In other AutoZone news, VP Albert Saltiel sold 1,650 shares of the business’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $807.52, for a total transaction of $1,332,408.00. Following the completion of the transaction, the vice president now directly owns 1,734 shares in the company, valued at $1,400,239.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $795.24, for a total transaction of $795,240.00. Following the transaction, the director now owns 4,127 shares of the company’s stock, valued at $3,281,955.48. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

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A number of hedge funds and other institutional investors have recently made changes to their positions in AZO. APG Asset Management N.V. increased its position in shares of AutoZone by 2.4% in the second quarter. APG Asset Management N.V. now owns 94,278 shares of the company’s stock valued at $74,842,000 after buying an additional 2,216 shares in the last quarter. FMR LLC increased its position in shares of AutoZone by 0.3% in the second quarter. FMR LLC now owns 3,456,561 shares of the company’s stock valued at $2,743,956,000 after buying an additional 10,768 shares in the last quarter. Snyder Capital Management L P increased its position in shares of AutoZone by 65.5% in the second quarter. Snyder Capital Management L P now owns 3,493 shares of the company’s stock valued at $2,773,000 after buying an additional 1,383 shares in the last quarter. King Luther Capital Management Corp purchased a new position in shares of AutoZone during the second quarter valued at approximately $1,417,000. Finally, Martingale Asset Management L P increased its position in shares of AutoZone by 21.9% in the second quarter. Martingale Asset Management L P now owns 30,230 shares of the company’s stock valued at $23,999,000 after buying an additional 5,425 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

A number of analysts have commented on AZO shares. Morgan Stanley reiterated an “equal weight” rating and issued a $820.00 price objective on shares of AutoZone in a research report on Thursday, May 26th. Jefferies Group started coverage on AutoZone in a report on Thursday, May 26th. They issued a “hold” rating for the company. Credit Suisse Group AG reissued a “buy” rating on shares of AutoZone in a report on Thursday, May 26th. BTIG Research started coverage on AutoZone in a report on Wednesday, June 1st. They issued a “buy” rating and a $900.00 target price for the company. Finally, Argus reissued a “buy” rating and issued a $875.00 target price on shares of AutoZone in a report on Sunday, July 10th. Eleven analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $843.39.

About AutoZone

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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