AutoZone, Inc. (NYSE:AZO) Chairman William C. Rhodes III sold 26,500 shares of AutoZone stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $701.84, for a total transaction of $18,598,760.00. Following the sale, the chairman now directly owns 11,464 shares of the company’s stock, valued at approximately $8,045,893.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AutoZone, Inc. (NYSE:AZO) traded up $3.69 on Thursday, reaching $702.34. 419,670 shares of the company traded hands, compared to its average volume of 464,021. The company has a market cap of $19,595.57, a PE ratio of 15.96, a P/E/G ratio of 1.31 and a beta of 0.72. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $813.70. The company has a quick ratio of 0.15, a current ratio of 0.97 and a debt-to-equity ratio of -3.56.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, beating the consensus estimate of $9.90 by $0.10. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. AutoZone had a net margin of 11.66% and a negative return on equity of 77.27%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.36 EPS. equities research analysts predict that AutoZone, Inc. will post 46.78 EPS for the current fiscal year.

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

AZO has been the subject of a number of analyst reports. Deutsche Bank lifted their target price on shares of AutoZone from $625.00 to $700.00 in a report on Thursday. Royal Bank Of Canada lowered their target price on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a report on Wednesday, September 20th. Jefferies Group reaffirmed a “hold” rating and set a $720.00 target price on shares of AutoZone in a report on Wednesday. Zacks Investment Research lowered shares of AutoZone from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Finally, UBS reissued a “buy” rating and set a $655.00 price target (down 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 issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $742.70.

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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.

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

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