AutoZone (NYSE:AZO) had its price target raised by investment analysts at Citigroup to $820.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 17.37% from the company’s current price.

Other equities analysts have also issued research reports about the stock. UBS restated a “buy” rating and set a $655.00 target price (down previously from $725.00) on shares of AutoZone in a report on Wednesday, September 20th. Credit Suisse Group restated a “buy” rating and set a $583.00 target price on shares of AutoZone in a report on Wednesday, September 20th. Bank of America restated a “buy” rating and set a $625.00 target price on shares of AutoZone in a report on Tuesday, September 5th. Oppenheimer restated a “buy” rating on shares of AutoZone in a report on Thursday, September 21st. Finally, Wedbush restated a “hold” rating and set a $580.00 target price (down previously from $590.00) on shares of AutoZone in a report on Wednesday, September 20th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $730.70.

Shares of AutoZone (NYSE:AZO) traded down $14.11 on Wednesday, hitting $698.65. 492,912 shares of the company’s stock were exchanged, compared to its average volume of 464,209. The firm has a market cap of $19,240.00, a price-to-earnings ratio of 16.11, a PEG ratio of 1.31 and a beta of 0.71. AutoZone has a 52 week low of $491.13 and a 52 week high of $813.70. The company has a debt-to-equity ratio of -3.56, a quick ratio of 0.15 and a current ratio of 0.97.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $9.90 by $0.10. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. AutoZone’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $9.36 EPS. equities research analysts anticipate that AutoZone will post 46.78 EPS for the current year.

In related 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 sale, the director now owns 8,131 shares of the company’s stock, valued at approximately $4,756,309.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James C. Griffith sold 3,623 shares of AutoZone stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $698.17, for a total transaction of $2,529,469.91. Following the sale, the insider now directly owns 2,016 shares in the company, valued at approximately $1,407,510.72. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Fieldpoint Private Securities LLC bought a new stake in shares of AutoZone in the 2nd quarter worth about $114,000. Salem Investment Counselors Inc. increased its position in shares of AutoZone by 3.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after purchasing an additional 9 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of AutoZone in the 3rd quarter worth about $179,000. Global X Management Co. LLC increased its position in shares of AutoZone by 12.9% in the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after purchasing an additional 37 shares during the last quarter. Finally, Jarislowsky Fraser Ltd bought a new stake in shares of AutoZone in the 3rd quarter worth about $202,000. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for AutoZone (NYSE:AZO)

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