AutoZone (NYSE:AZO) had its price objective hoisted by investment analysts at Barclays from $710.00 to $800.00 in a research report issued on Thursday. Barclays’ target price points to a potential upside of 13.90% from the company’s previous close.

AZO has been the topic of several other research reports. Deutsche Bank lifted their price objective on shares of AutoZone from $625.00 to $700.00 in a research report on Thursday. Royal Bank Of Canada reduced their price objective on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 20th. Jefferies Group reiterated a “hold” rating and set a $720.00 price objective on shares of AutoZone in a research report on Wednesday. Zacks Investment Research cut shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, UBS reiterated a “buy” rating and set a $655.00 price objective (down previously from $725.00) on shares of AutoZone in a research report on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $742.70.

AutoZone (NYSE AZO) traded up $3.69 during midday trading on Thursday, reaching $702.34. 415,744 shares of the company’s stock were exchanged, compared to its average volume of 464,210. AutoZone has a 12 month low of $491.13 and a 12 month high of $813.70. The company has a market cap of $19,595.57, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.31 and a beta of 0.72. 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 released its earnings results on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, topping analysts’ consensus estimates of $9.90 by $0.10. AutoZone had a net margin of 11.66% and a negative return on equity of 77.27%. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the business earned $9.36 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. sell-side analysts predict that AutoZone will post 46.78 earnings per share for the current fiscal year.

In related news, insider James C. Griffith sold 3,623 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $698.17, for a total value of $2,529,469.91. Following the sale, the insider now owns 2,016 shares in the company, valued at $1,407,510.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Andrew Mckenna sold 3,000 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the completion of the sale, the director now owns 8,131 shares in the company, valued at approximately $4,756,309.76. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of AZO. Eagle Asset Management boosted its stake in AutoZone by 81.6% during the third quarter. Eagle Asset Management now owns 56,522 shares of the company’s stock worth $40,912,000 after buying an additional 25,398 shares during the period. Janus Capital Management boosted its stake in AutoZone by 5.7% during the third quarter. Janus Capital Management now owns 398,877 shares of the company’s stock worth $288,719,000 after buying an additional 21,579 shares during the period. Pensionfund Sabic purchased a new position in AutoZone during the fourth quarter worth $1,855,000. Pensionfund DSM Netherlands purchased a new position in AutoZone during the fourth quarter worth $3,561,000. Finally, Natixis Asset Management boosted its stake in AutoZone by 88.3% during the third quarter. Natixis Asset Management now owns 5,989 shares of the company’s stock worth $4,335,000 after buying an additional 2,809 shares during the period. 98.89% of the stock is owned by 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.

Analyst Recommendations for AutoZone (NYSE:AZO)

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