AutoZone, Inc. (NYSE:AZO)‘s stock had its “buy” rating reiterated by research analysts at Oppenheimer Holdings, Inc. in a research report issued on Thursday.

Several other analysts also recently issued reports on AZO. Stephens reiterated a “hold” rating and issued a $550.00 price target (down from $620.00) on shares of AutoZone in a report on Thursday. Royal Bank Of Canada lowered their price target on AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a report on Wednesday. Wedbush reiterated a “hold” rating and issued a $580.00 price target (down from $590.00) on shares of AutoZone in a report on Wednesday. Citigroup Inc. reiterated a “buy” rating and issued a $700.00 price target on shares of AutoZone in a report on Wednesday. Finally, TheStreet upgraded AutoZone from a “d+” rating to a “c” rating in a report on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. AutoZone presently has an average rating of “Hold” and an average target price of $747.27.

AutoZone (NYSE AZO) traded up 1.82% during midday trading on Thursday, reaching $553.49. The company’s stock had a trading volume of 659,176 shares. AutoZone has a 52 week low of $491.13 and a 52 week high of $813.70. The firm’s 50-day moving average price is $534.42 and its 200-day moving average price is $611.55. The stock has a market capitalization of $15.51 billion, a PE ratio of 12.79 and a beta of 0.62.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, topping analysts’ consensus estimates of $15.11 by $0.07. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.49 billion. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $14.30 EPS. On average, analysts anticipate that AutoZone will post $47.04 earnings per share for the current year.

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In other news, VP William T. Giles sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the transaction, the vice president now owns 18,500 shares in the company, valued at approximately $10,750,350. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William Andrew Mckenna acquired 300 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were bought at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the acquisition, the director now owns 5,131 shares in the company, valued at approximately $2,601,417. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Beacon Advisors Inc. bought a new stake in AutoZone in the first quarter valued at about $104,000. Fieldpoint Private Securities LLC acquired a new position in AutoZone in the second quarter valued at about $114,000. Alpha Windward LLC boosted its position in AutoZone by 3.2% in the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after buying an additional 8 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in AutoZone by 3.5% in the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after buying an additional 9 shares in the last quarter. Finally, Colony Group LLC acquired a new position in AutoZone in the first quarter valued at about $205,000. 96.08% of the stock is currently owned by institutional investors and hedge funds.

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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