AutoZone, Inc. (NYSE:AZO) is scheduled to be releasing its earnings data before the market opens on Wednesday, September 20th. Analysts expect AutoZone to post earnings of $15.25 per share for the quarter.
AutoZone, Inc. (AZO) opened at 551.55 on Wednesday. The company has a 50-day moving average price of $527.79 and a 200-day moving average price of $619.19. The firm has a market capitalization of $15.46 billion, a PE ratio of 12.74 and a beta of 0.62. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $813.70.
In related news, VP William T. Giles sold 10,000 shares of AutoZone stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the transaction, the vice president now owns 18,500 shares in the company, valued at approximately $10,750,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Andrew Mckenna bought 300 shares of AutoZone stock in a transaction that occurred on Thursday, July 13th. The shares were acquired at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the acquisition, the director now directly owns 5,131 shares in the company, valued at approximately $2,601,417. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.
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Several research firms have commented on AZO. BTIG Research reaffirmed a “buy” rating and issued a $825.00 target price on shares of AutoZone in a research note on Wednesday, May 24th. CIBC reaffirmed a “buy” rating and issued a $900.00 target price on shares of AutoZone in a research note on Wednesday, May 24th. Deutsche Bank AG lowered their target price on shares of AutoZone from $800.00 to $650.00 and set a “hold” rating for the company in a research note on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $900.00 target price on shares of AutoZone and gave the stock a “buy” rating in a research note on Tuesday, May 23rd. Finally, Bank of America Corporation cut shares of AutoZone from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $750.00 to $575.00 in a research note on Friday, July 7th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $776.64.
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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