AutoZone, Inc. (NYSE:AZO)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank AG in a research report issued on Friday. They currently have a $550.00 price target on the stock, down from their previous price target of $650.00. Deutsche Bank AG’s price objective suggests a potential upside of 7.54% from the company’s current price.

A number of other research firms also recently weighed in on AZO. Raymond James Financial, Inc. downgraded AutoZone from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, May 23rd. Oppenheimer Holdings Inc. set a $900.00 target price on AutoZone and gave the stock a “buy” rating in a report on Tuesday, May 23rd. Royal Bank Of Canada reduced their target price on AutoZone from $829.00 to $753.00 and set a “sector perform” rating on the stock in a report on Monday, May 22nd. Morgan Stanley reduced their target price on AutoZone from $825.00 to $680.00 and set an “overweight” rating on the stock in a report on Thursday, May 25th. Finally, Citigroup Inc. downgraded AutoZone from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, May 23rd. 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 issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $775.91.

Shares of AutoZone (AZO) traded up 1.77% on Friday, reaching $511.46. The company’s stock had a trading volume of 651,153 shares. The company has a market cap of $14.34 billion, a P/E ratio of 11.81 and a beta of 0.62. AutoZone has a 12-month low of $491.13 and a 12-month high of $818.00. The company’s 50 day moving average price is $562.64 and its 200 day moving average price is $677.76.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, May 23rd. The company reported $11.44 earnings per share for the quarter, missing analysts’ consensus estimates of $12.00 by $0.56. AutoZone had a negative return on equity of 70.52% and a net margin of 11.82%. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the company posted $10.77 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. Analysts forecast that AutoZone will post $44.01 EPS for the current fiscal year.

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In related news, 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 transaction, the director now directly owns 4,431 shares of the company’s stock, valued at approximately $2,669,677.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William T. Giles sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total value of $5,811,000.00. Following the completion of the transaction, the vice president now directly owns 18,500 shares in the company, valued at $10,750,350. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Alpha Windward LLC boosted its position in AutoZone by 0.8% in the first quarter. Alpha Windward LLC now owns 251 shares of the company’s stock valued at $181,000 after buying an additional 2 shares during the period. Creative Planning raised its stake in shares of AutoZone by 0.4% in the first quarter. Creative Planning now owns 1,972 shares of the company’s stock worth $1,426,000 after buying an additional 8 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of AutoZone by 1.2% in the first quarter. Wetherby Asset Management Inc. now owns 687 shares of the company’s stock worth $497,000 after buying an additional 8 shares in the last quarter. Bristlecone Advisors LLC raised its stake in shares of AutoZone by 1.2% in the first quarter. Bristlecone Advisors LLC now owns 856 shares of the company’s stock worth $619,000 after buying an additional 10 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of AutoZone by 2.2% in the first quarter. Pacer Advisors Inc. now owns 507 shares of the company’s stock worth $367,000 after buying an additional 11 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Company Profile

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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