AutoZone, Inc. (NYSE:AZO) VP Charles Pleas III sold 10,000 shares of AutoZone stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $700.00, for a total value of $7,000,000.00. Following the completion of the sale, the vice president now owns 14,377 shares of the company’s stock, valued at $10,063,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of AutoZone, Inc. (AZO) traded up $3.69 during mid-day trading on Thursday, hitting $702.34. The stock had a trading volume of 419,670 shares, compared to its average volume of 464,021. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $813.70. The stock has a market capitalization of $19,595.57, a price-to-earnings 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 current ratio of 0.97 and a quick ratio of 0.15.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $9.90 by $0.10. AutoZone had a negative return on equity of 77.27% and a net margin of 11.66%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the firm earned $9.36 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. equities analysts expect that AutoZone, Inc. will post 46.78 earnings per share for the current year.

AZO has been the topic of several analyst reports. Jefferies Group reiterated a “hold” rating and issued a $720.00 target price on shares of AutoZone in a research note on Wednesday. Deutsche Bank lifted their target price on AutoZone from $625.00 to $700.00 in a research note on Thursday. Barclays lifted their target price on AutoZone from $710.00 to $800.00 in a research note on Thursday. Wedbush reiterated a “hold” rating and issued a $580.00 target price (down previously from $590.00) on shares of AutoZone in a research note on Wednesday, September 20th. Finally, Citigroup reiterated a “buy” rating and issued a $700.00 target price on shares of AutoZone in a research note on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $742.70.

Hedge funds have recently modified their holdings of the company. Tobam purchased a new stake in AutoZone in the second quarter valued at approximately $3,912,000. Private Management Group Inc. purchased a new stake in AutoZone in the second quarter valued at approximately $21,538,000. Numeric Investors LLC boosted its position in AutoZone by 9.7% in the second quarter. Numeric Investors LLC now owns 2,150 shares of the company’s stock valued at $1,226,000 after buying an additional 190 shares during the last quarter. Aviva PLC boosted its position in AutoZone by 0.6% in the second quarter. Aviva PLC now owns 17,992 shares of the company’s stock valued at $10,258,000 after buying an additional 100 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in AutoZone by 35.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 12,904 shares of the company’s stock valued at $6,759,000 after buying an additional 3,379 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/07/autozone-inc-azo-vp-charles-pleas-iii-sells-10000-shares.html.

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.

Insider Buying and Selling by Quarter for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone Inc. and related companies with MarketBeat.com's FREE daily email newsletter.