Shares of AutoZone, Inc. (NYSE:AZO) have been given an average rating of “Hold” by the twenty-seven brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $717.17.

A number of brokerages recently weighed in on AZO. Deutsche Bank AG reissued a “hold” rating and issued a $550.00 price target (down from $650.00) on shares of AutoZone in a research report on Friday, July 21st. Credit Suisse Group set a $640.00 target price on shares of AutoZone and gave the company a “buy” rating in a report on Wednesday, November 1st. BidaskClub raised shares of AutoZone from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. cut their price target on shares of AutoZone and set an “outperform” rating for the company in a report on Thursday, July 20th. Finally, Zacks Investment Research raised shares of AutoZone from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd.

In other news, Director William Andrew Mckenna sold 3,000 shares of AutoZone stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total value of $1,754,880.00. Following the transaction, the director now directly owns 8,131 shares of the company’s stock, valued at $4,756,309.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in AutoZone by 1.7% during the second quarter. Vanguard Group Inc. now owns 1,899,758 shares of the company’s stock valued at $1,083,735,000 after purchasing an additional 32,542 shares in the last quarter. FMR LLC lifted its stake in AutoZone by 6.7% in the second quarter. FMR LLC now owns 1,864,473 shares of the company’s stock valued at $1,063,608,000 after acquiring an additional 117,019 shares during the last quarter. State Street Corp lifted its stake in AutoZone by 5.1% in the second quarter. State Street Corp now owns 1,363,261 shares of the company’s stock valued at $777,679,000 after acquiring an additional 66,734 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in AutoZone by 27.8% in the third quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock valued at $764,272,000 after acquiring an additional 282,939 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in AutoZone by 4.4% in the third quarter. Nordea Investment Management AB now owns 1,072,553 shares of the company’s stock valued at $638,287,000 after acquiring an additional 45,458 shares during the last quarter. 98.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AutoZone (NYSE AZO) traded down $7.91 during mid-day trading on Monday, hitting $598.06. 447,800 shares of the company were exchanged, compared to its average volume of 457,719. The company has a current ratio of 0.97, a quick ratio of 0.15 and a debt-to-equity ratio of -3.56. The firm has a market capitalization of $16,440.00, a P/E ratio of 13.57, a P/E/G ratio of 1.10 and a beta of 0.65. AutoZone has a 12-month low of $491.13 and a 12-month high of $813.70.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, topping analysts’ consensus estimates of $15.11 by $0.07. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $14.30 earnings per share. equities analysts expect that AutoZone will post 46.78 earnings per share for the current fiscal year.

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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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