AutoZone, Inc. (AZO) Insider James C. Griffith Sells 1,547 Shares

AutoZone, Inc. (NYSE:AZO) insider James C. Griffith sold 1,547 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $783.00, for a total transaction of $1,211,301.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of AutoZone, Inc. (NYSE AZO) traded down $3.27 during mid-day trading on Thursday, reaching $784.79. 296,878 shares of the company’s stock were exchanged, compared to its average volume of 454,317. 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 company has a market cap of $21,470.00, a P/E ratio of 17.48, a P/E/G ratio of 1.25 and a beta of 0.71. AutoZone, Inc. has a twelve month low of $491.13 and a twelve month high of $791.64.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, topping the Zacks’ consensus estimate of $9.90 by $0.10. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.36 EPS. analysts expect that AutoZone, Inc. will post 47.25 earnings per share for the current fiscal year.

AZO has been the topic of several recent research reports. Wedbush restated a “hold” rating and set a $580.00 target price (down from $590.00) on shares of AutoZone in a research report on Wednesday, September 20th. Royal Bank of Canada decreased their target price 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. Citigroup restated a “buy” rating and set a $700.00 target price on shares of AutoZone in a research report on Wednesday, September 20th. Credit Suisse Group restated a “buy” rating and set a $583.00 target price on shares of AutoZone in a research report on Wednesday, September 20th. Finally, UBS Group restated a “buy” rating and set a $655.00 target price (down from $725.00) on shares of AutoZone in a research report on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $743.12.

A number of hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its stake in AutoZone by 5.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 97,347 shares of the company’s stock worth $69,250,000 after acquiring an additional 4,812 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in AutoZone in the 4th quarter worth about $908,000. Marathon Asset Management LLP grew its stake in AutoZone by 1.1% in the 4th quarter. Marathon Asset Management LLP now owns 27,773 shares of the company’s stock worth $19,757,000 after acquiring an additional 300 shares in the last quarter. Creative Planning grew its stake in AutoZone by 5.0% in the 4th quarter. Creative Planning now owns 2,044 shares of the company’s stock worth $1,454,000 after acquiring an additional 97 shares in the last quarter. Finally, National Pension Service grew its stake in AutoZone by 8.5% in the 4th quarter. National Pension Service now owns 32,654 shares of the company’s stock worth $23,229,000 after acquiring an additional 2,553 shares in the last quarter. Institutional investors and hedge funds own 99.35% of the company’s stock.

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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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