AutoZone (NYSE:AZO) Director Douglas H. Brooks bought 162 shares of the company’s stock in a transaction on Monday, April 16th. The shares were acquired at an average price of $607.49 per share, with a total value of $98,413.38. Following the completion of the acquisition, the director now directly owns 1,904 shares in the company, valued at approximately $1,156,660.96. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
AZO opened at $608.53 on Thursday. The company has a debt-to-equity ratio of -3.79, a quick ratio of 0.15 and a current ratio of 0.98. AutoZone has a 1 year low of $491.13 and a 1 year high of $797.89. The company has a market capitalization of $16,496.66, a P/E ratio of 14.14, a P/E/G ratio of 0.98 and a beta of 0.84.
AutoZone (NYSE:AZO) last released its earnings results on Tuesday, February 27th. The company reported $8.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.81 by ($0.34). AutoZone had a negative return on equity of 88.86% and a net margin of 12.00%. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the business posted $7.75 earnings per share. AutoZone’s revenue was up 5.4% on a year-over-year basis. equities research analysts anticipate that AutoZone will post 48.81 EPS for the current year.
Several equities analysts have weighed in on AZO shares. Zacks Investment Research upgraded shares of AutoZone from a “hold” rating to a “buy” rating and set a $819.00 target price for the company in a report on Tuesday, February 6th. Argus raised their target price on shares of AutoZone from $675.00 to $875.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Credit Suisse Group upgraded shares of AutoZone to a “buy” rating and set a $790.00 target price for the company in a report on Friday, March 2nd. Stephens set a $840.00 target price on shares of AutoZone and gave the company a “hold” rating in a report on Tuesday, January 16th. Finally, Morgan Stanley lowered their price target on shares of AutoZone from $800.00 to $750.00 and set an “equal weight” rating for the company in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. AutoZone presently has a consensus rating of “Hold” and an average price target of $758.72.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AZO. Vulcan Value Partners LLC acquired a new stake in shares of AutoZone in the fourth quarter worth approximately $291,129,000. Millennium Management LLC boosted its position in shares of AutoZone by 250.1% in the fourth quarter. Millennium Management LLC now owns 446,202 shares of the company’s stock worth $317,415,000 after acquiring an additional 318,764 shares during the last quarter. Kiltearn Partners LLP acquired a new stake in shares of AutoZone in the fourth quarter worth approximately $101,122,000. TIAA CREF Investment Management LLC lifted its position in AutoZone by 106.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 162,370 shares of the company’s stock valued at $115,505,000 after buying an additional 83,625 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in AutoZone by 164.2% during the fourth quarter. Wells Fargo & Company MN now owns 114,901 shares of the company’s stock valued at $81,738,000 after buying an additional 71,408 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.
AutoZone Company Profile
AutoZone, Inc retails and distributes automotive replacement parts and accessories. It offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. The company's products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, thermostats, starters and alternators, and water pumps.
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