AutoZone, Inc. (NYSE:AZO) Receives $3,086.61 Consensus PT from Analysts

AutoZone, Inc. (NYSE:AZO) has been given an average recommendation of “Moderate Buy” by the seventeen analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $3,086.61.

Several brokerages recently weighed in on AZO. StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Wedbush raised their target price on AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. raised their target price on AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. DA Davidson increased their price target on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Evercore ISI reduced their price target on shares of AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th.

Insiders Place Their Bets

In other news, VP Richard Craig Smith sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the sale, the vice president now directly owns 2,921 shares in the company, valued at approximately $8,756,456.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the completion of the sale, the vice president now owns 910 shares in the company, valued at approximately $2,912,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Richard Craig Smith sold 3,000 shares of AutoZone stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the sale, the vice president now owns 2,921 shares of the company’s stock, valued at approximately $8,756,456.96. The disclosure for this sale can be found here. Insiders sold a total of 15,990 shares of company stock worth $50,335,193 over the last quarter. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On AutoZone

Several institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. grew its position in shares of AutoZone by 10.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 17,314 shares of the company’s stock worth $54,568,000 after buying an additional 1,647 shares during the period. Raymond James & Associates raised its holdings in shares of AutoZone by 14.0% in the first quarter. Raymond James & Associates now owns 38,440 shares of the company’s stock valued at $121,149,000 after purchasing an additional 4,709 shares during the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of AutoZone in the first quarter valued at approximately $11,866,000. Ashton Thomas Private Wealth LLC raised its holdings in shares of AutoZone by 29.6% in the first quarter. Ashton Thomas Private Wealth LLC now owns 774 shares of the company’s stock valued at $2,439,000 after purchasing an additional 177 shares during the last quarter. Finally, Teamwork Financial Advisors LLC acquired a new stake in shares of AutoZone in the first quarter valued at approximately $230,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Down 0.7 %

Shares of AutoZone stock opened at $2,963.27 on Friday. AutoZone has a fifty-two week low of $2,277.88 and a fifty-two week high of $3,256.37. The firm has a market cap of $51.32 billion, a PE ratio of 20.87, a P/E/G ratio of 1.48 and a beta of 0.70. The business’s fifty day moving average is $3,010.24 and its two-hundred day moving average is $2,764.30.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, topping analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the prior year, the company posted $24.64 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that AutoZone will post 152.4 EPS for the current year.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.