AutoZone, Inc. (AZO) Insider Sells $577,473.80 in Stock
AutoZone, Inc. (NYSE:AZO) insider Philip B. Daniele sold 740 shares of AutoZone stock in a transaction on Friday, January 12th. The shares were sold at an average price of $780.37, for a total transaction of $577,473.80. Following the completion of the transaction, the insider now owns 1,058 shares in the company, valued at approximately $825,631.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
AutoZone, Inc. (NYSE AZO) traded down $6.91 during trading hours on Tuesday, hitting $781.02. 345,106 shares of the company traded hands, compared to its average volume of 485,960. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.14. The firm has a market cap of $21,360.00, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.28 and a beta of 0.71. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $791.64.
AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $9.90 by $0.10. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.36 EPS. equities research analysts forecast that AutoZone, Inc. will post 46.63 EPS for the current year.
A number of brokerages have weighed in on AZO. Credit Suisse Group set a $790.00 price target on shares of AutoZone and gave the company a “hold” rating in a report on Thursday, January 4th. Stephens reiterated a “hold” rating and issued a $550.00 price target (down previously from $620.00) on shares of AutoZone in a report on Thursday, September 21st. Royal Bank of Canada decreased their price target on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 20th. Wedbush reiterated a “hold” rating and issued a $580.00 price target (down previously from $590.00) on shares of AutoZone in a report on Wednesday, September 20th. Finally, Citigroup lifted their price target on shares of AutoZone to $820.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $726.06.
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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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