William C. Rhodes III Sells 26,500 Shares of AutoZone, Inc. (AZO) Stock
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.
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.
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.
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