AutoZone, Inc. (NYSE:AZO) had its target price decreased by analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Thursday. The firm presently has an “outperform” rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Cleveland Research cut AutoZone from a “buy” rating to a “neutral” rating in a research note on Monday, April 3rd. ValuEngine upgraded AutoZone from a “hold” rating to a “buy” rating in a research note on Wednesday, May 24th. Deutsche Bank AG decreased their target price on AutoZone from $800.00 to $650.00 and set a “hold” rating for the company in a research note on Thursday, May 25th. Citigroup Inc. decreased their target price on AutoZone from $920.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. Finally, Jefferies Group LLC restated a “hold” rating and set a $810.00 target price on shares of AutoZone in a research note on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $780.26.

Shares of AutoZone (NYSE AZO) traded up 2.23% on Thursday, reaching $504.42. 362,579 shares of the company’s stock traded hands. The firm has a market capitalization of $14.14 billion, a P/E ratio of 11.65 and a beta of 0.62. The firm’s 50 day moving average is $565.59 and its 200 day moving average is $679.04. AutoZone has a 52 week low of $491.13 and a 52 week high of $818.00.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, May 23rd. The company reported $11.44 EPS for the quarter, missing the Zacks’ consensus estimate of $12.00 by $0.56. AutoZone had a negative return on equity of 70.52% and a net margin of 11.82%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the firm posted $10.77 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Analysts expect that AutoZone will post $44.01 earnings per share for the current fiscal year.

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In other news, VP William T. Giles sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the completion of the sale, the vice president now owns 18,500 shares in the company, valued at $10,750,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $602.50, for a total value of $602,500.00. Following the sale, the director now owns 4,431 shares of the company’s stock, valued at approximately $2,669,677.50. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in AutoZone by 2,993.2% in the first quarter. BlackRock Inc. now owns 2,029,985 shares of the company’s stock valued at $1,467,778,000 after buying an additional 1,964,358 shares during the period. Vanguard Group Inc. raised its position in shares of AutoZone by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,867,216 shares of the company’s stock worth $1,350,091,000 after buying an additional 29,681 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of AutoZone by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,713,596 shares of the company’s stock worth $1,360,321,000 after buying an additional 35,351 shares in the last quarter. State Street Corp raised its position in shares of AutoZone by 3.2% in the first quarter. State Street Corp now owns 1,296,527 shares of the company’s stock worth $937,455,000 after buying an additional 40,358 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of AutoZone by 7.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 856,113 shares of the company’s stock worth $619,686,000 after buying an additional 61,400 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

About AutoZone

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

Analyst Recommendations for AutoZone (NYSE:AZO)

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