AutoZone, Inc. (NYSE:AZO - Get Free Report) CEO Philip B. Daniele sold 2,000 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the transaction, the chief executive officer now owns 163 shares of the company's stock, valued at $619,401.63. This trade represents a 92.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
AutoZone Stock Down 0.0 %
Shares of AZO stock traded down $0.37 during mid-day trading on Wednesday, reaching $3,812.90. The company's stock had a trading volume of 38,411 shares, compared to its average volume of 130,673. The firm has a market capitalization of $63.99 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The company's 50 day simple moving average is $3,506.05 and its 200-day simple moving average is $3,290.64. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,842.82.
AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $3.98 billion. As a group, research analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.
Hedge Funds Weigh In On AutoZone
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pittenger & Anderson Inc. lifted its position in shares of AutoZone by 5.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock worth $195,000 after purchasing an additional 3 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its stake in AutoZone by 2.0% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock worth $487,000 after buying an additional 3 shares during the period. PDS Planning Inc lifted its holdings in AutoZone by 2.3% in the 4th quarter. PDS Planning Inc now owns 132 shares of the company's stock worth $423,000 after buying an additional 3 shares in the last quarter. Harbour Investments Inc. boosted its position in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its stake in shares of AutoZone by 0.8% during the fourth quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock valued at $1,188,000 after acquiring an additional 3 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have commented on AZO. JPMorgan Chase & Co. increased their target price on AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. DA Davidson raised AutoZone from a "neutral" rating to a "buy" rating and increased their price objective for the company from $3,500.00 to $4,192.00 in a research note on Friday, March 21st. Argus downgraded shares of AutoZone from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Wedbush reaffirmed an "outperform" rating and set a $3,700.00 price target on shares of AutoZone in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group raised shares of AutoZone from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $3,044.00 to $3,811.00 in a research report on Tuesday. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $3,724.00.
Check Out Our Latest Stock Analysis on AZO
AutoZone Company Profile
(
Get Free Report)
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.
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