AutoZone (NYSE:AZO)‘s stock had its “hold” rating reiterated by analysts at Raymond James Financial in a research report issued on Saturday.

A number of other analysts have also recently weighed in on AZO. Zacks Investment Research raised shares of AutoZone from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Bank of America reaffirmed a “buy” rating and set a $625.00 target price on shares of AutoZone in a research note on Tuesday, September 5th. Wedbush reaffirmed a “hold” rating and set a $580.00 target price (down previously from $590.00) on shares of AutoZone in a research note on Wednesday, September 20th. Royal Bank Of Canada decreased their target price on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 20th. Finally, Citigroup reiterated a “buy” rating and set a $700.00 price target on shares of AutoZone in a report on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. AutoZone currently has a consensus rating of “Hold” and a consensus target price of $729.20.

AutoZone (AZO) traded down $8.36 during midday trading on Friday, hitting $678.40. 383,436 shares of the company’s stock were exchanged, compared to its average volume of 446,713. The company has a market capitalization of $18,650.00, a PE ratio of 15.40, a PEG ratio of 1.25 and a beta of 0.71. AutoZone has a 12-month low of $491.13 and a 12-month high of $813.70. The company has a current ratio of 0.97, a quick ratio of 0.15 and a debt-to-equity ratio of -3.56.

AutoZone (NYSE:AZO) last posted its 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 firm had revenue of $3.51 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $14.30 earnings per share. analysts expect that AutoZone will post 46.78 EPS for the current year.

In other news, Director William Andrew Mckenna sold 3,000 shares of AutoZone stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the transaction, the director now owns 8,131 shares in the company, valued at $4,756,309.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. AXA lifted its holdings in AutoZone by 0.8% in the third quarter. AXA now owns 38,237 shares of the company’s stock valued at $22,755,000 after buying an additional 300 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in AutoZone by 0.3% in the third quarter. Burgundy Asset Management Ltd. now owns 592,020 shares of the company’s stock valued at $352,317,000 after buying an additional 1,888 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in AutoZone by 3.3% in the third quarter. Public Employees Retirement System of Ohio now owns 45,781 shares of the company’s stock valued at $27,245,000 after buying an additional 1,483 shares during the period. Gyroscope Capital Management Group LLC lifted its holdings in AutoZone by 31.6% in the third quarter. Gyroscope Capital Management Group LLC now owns 537 shares of the company’s stock valued at $320,000 after buying an additional 129 shares during the period. Finally, IFM Investors Pty Ltd acquired a new position in AutoZone in the third quarter valued at $503,000. Institutional investors and hedge funds own 98.80% of the company’s stock.

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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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