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 stock was sold at an average price of $783.00, for a total transaction of $1,211,301.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AutoZone, Inc. (NYSE AZO) traded up $4.93 during mid-day trading on Friday, reaching $723.50. 894,992 shares of the company traded hands, compared to its average volume of 359,399. AutoZone, Inc. has a fifty-two week low of $491.13 and a fifty-two week high of $797.89. The firm has a market capitalization of $19,789.90, a price-to-earnings ratio of 16.15, a PEG ratio of 1.11 and a beta of 0.74. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, beating the consensus estimate of $9.90 by $0.10. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the business earned $9.36 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. equities analysts forecast that AutoZone, Inc. will post 49.64 earnings per share for the current year.

Several research analysts have commented on the stock. 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 research report on Tuesday, February 6th. Argus increased their price objective on shares of AutoZone from $675.00 to $875.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Stephens set a $840.00 price objective on shares of AutoZone and gave the company a “hold” rating in a report on Tuesday, January 16th. Credit Suisse Group set a $790.00 price objective on shares of AutoZone and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, Barclays increased their price objective on shares of AutoZone from $710.00 to $800.00 in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $747.06.

A number of hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its position in shares of AutoZone by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 730 shares of the company’s stock valued at $417,000 after acquiring an additional 8 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of AutoZone by 3.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after acquiring an additional 9 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of AutoZone by 0.6% in the 2nd quarter. ProShare Advisors LLC now owns 5,273 shares of the company’s stock valued at $3,008,000 after acquiring an additional 29 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of AutoZone by 4.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,165 shares of the company’s stock valued at $665,000 after acquiring an additional 45 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its position in shares of AutoZone by 7.7% in the 2nd quarter. Suntrust Banks Inc. now owns 745 shares of the company’s stock valued at $424,000 after acquiring an additional 53 shares in the last quarter. 99.00% of the stock is owned by institutional investors and hedge funds.

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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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