AutoZone, Inc. (AZO) Insider James C. Griffith Sells 1,250 Shares

AutoZone, Inc. (NYSE:AZO) insider James C. Griffith sold 1,250 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $794.70, for a total transaction of $993,375.00. Following the transaction, the insider now owns 1,353 shares in the company, valued at $1,075,229.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

AutoZone, Inc. (NYSE AZO) traded down $5.10 during midday trading on Monday, reaching $788.70. 531,264 shares of the company’s stock were exchanged, compared to its average volume of 449,276. The company has a quick ratio of 0.14, a current ratio of 0.93 and a debt-to-equity ratio of -3.27. The company has a market cap of $21,570.00, a P/E ratio of 17.57, a P/E/G ratio of 1.26 and a beta of 0.71. AutoZone, Inc. has a 52-week low of $491.13 and a 52-week high of $797.89.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $9.90 by $0.10. The firm had revenue of $2.59 billion during 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 business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.36 EPS. research analysts forecast that AutoZone, Inc. will post 47.79 earnings per share for the current fiscal year.

A number of research analysts recently commented on AZO shares. Stephens set a $840.00 price target on shares of AutoZone and gave the company a “hold” rating in a research note on Tuesday, January 16th. Credit Suisse Group set a $790.00 price target on shares of AutoZone and gave the company a “hold” rating in a research note on Thursday, January 4th. Jefferies Group reiterated a “hold” rating and issued a $720.00 price target on shares of AutoZone in a research note on Wednesday, December 6th. Royal Bank of Canada upped their price target on shares of AutoZone and gave the company a “sector perform” rating in a research note on Wednesday, December 6th. Finally, UBS Group reiterated a “buy” rating and issued a $750.00 price target (down previously from $810.00) on shares of AutoZone in a research note on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company’s stock. AutoZone presently has a consensus rating of “Hold” and a consensus target price of $734.56.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tealwood Asset Management Inc. boosted its holdings in AutoZone by 7.7% in the 4th quarter. Tealwood Asset Management Inc. now owns 2,266 shares of the company’s stock valued at $1,612,000 after purchasing an additional 162 shares during the period. State of Alaska Department of Revenue boosted its holdings in AutoZone by 107.4% in the 4th quarter. State of Alaska Department of Revenue now owns 3,708 shares of the company’s stock valued at $2,636,000 after purchasing an additional 1,920 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in AutoZone by 5.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 97,347 shares of the company’s stock valued at $69,250,000 after purchasing an additional 4,812 shares during the period. Koshinski Asset Management Inc. bought a new stake in AutoZone in the 4th quarter valued at about $908,000. Finally, Marathon Asset Management LLP boosted its holdings in AutoZone by 1.1% in the 4th quarter. Marathon Asset Management LLP now owns 27,773 shares of the company’s stock valued at $19,757,000 after purchasing an additional 300 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

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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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