A number of other research analysts have also commented on the company. Credit Suisse Group set a $640.00 target price on AutoZone and gave the company a buy rating in a research note on Wednesday, November 1st. Bank of America reiterated a buy rating and issued a $625.00 price target on shares of AutoZone in a research report on Tuesday, September 5th. Citigroup reiterated a buy rating and issued a $700.00 price target on shares of AutoZone in a research report on Wednesday, September 20th. Zacks Investment Research cut AutoZone from a hold rating to a sell rating in a research report on Tuesday, November 21st. Finally, UBS Group restated a buy rating and set a $655.00 target price (down previously from $725.00) on shares of AutoZone in a report on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. AutoZone currently has a consensus rating of Hold and an average price target of $717.24.
Shares of AutoZone (NYSE:AZO) traded down $7.01 during midday trading on Wednesday, hitting $711.37. The company had a trading volume of 289,095 shares, compared to its average volume of 469,587. AutoZone has a 1-year low of $491.13 and a 1-year high of $802.15. The company has a market cap of $19,649.86, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.32 and a beta of 0.72. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27.
In related news, VP Charles Pleas III sold 10,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $700.00, for a total transaction of $7,000,000.00. Following the completion of the transaction, the vice president now directly owns 14,377 shares in the company, valued at $10,063,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO William T. Giles sold 24,200 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $710.79, for a total value of $17,201,118.00. Following the transaction, the chief financial officer now owns 24,466 shares of the company’s stock, valued at $17,390,188.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,973 shares of company stock valued at $56,444,486. 2.60% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Fieldpoint Private Securities LLC bought a new position in AutoZone in the second quarter valued at approximately $114,000. Salem Investment Counselors Inc. boosted its stake in shares of 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 acquiring an additional 9 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of AutoZone during the 3rd quarter worth approximately $179,000. Global X Management Co. LLC boosted its stake in shares of 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 acquiring an additional 37 shares during the period. Finally, Jarislowsky Fraser Ltd bought a new position in shares of AutoZone during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 99.35% of the company’s stock.
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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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