AutoZone, Inc. (NYSE:AZO) had its price target reduced by stock analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Thursday, July 20th. The firm presently has an “outperform” rating on the stock. Oppenheimer Holdings also issued estimates for AutoZone’s Q4 2017 earnings at $15.05 EPS, FY2017 earnings at $43.77 EPS, Q1 2018 earnings at $9.88 EPS, Q2 2018 earnings at $8.50 EPS and Q3 2018 earnings at $12.30 EPS.

A number of other brokerages have also commented on AZO. Raymond James Financial, Inc. lowered AutoZone from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, May 23rd. Royal Bank Of Canada decreased their target price on AutoZone from $829.00 to $753.00 and set a “sector perform” rating for the company in a research note on Monday, May 22nd. Morgan Stanley decreased their target price on AutoZone from $825.00 to $680.00 and set an “overweight” rating for the company in a research note on Thursday, May 25th. Citigroup Inc. cut AutoZone from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, May 23rd. Finally, Stephens cut AutoZone from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $775.91.

Shares of AutoZone (AZO) opened at 530.97 on Thursday. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 12.27 and a beta of 0.61. AutoZone has a 12 month low of $491.13 and a 12 month high of $813.70. The firm’s 50 day moving average is $535.93 and its 200 day moving average is $658.60.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 23rd. The company reported $11.44 EPS for the quarter, missing analysts’ consensus estimates of $12.00 by $0.56. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. AutoZone’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the business posted $10.77 earnings per share. On average, equities analysts predict that AutoZone will post $43.99 earnings per share for the current fiscal year.

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In other news, Director Earl G. Graves, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $602.50, for a total transaction of $602,500.00. Following the completion of the sale, the director now directly owns 4,431 shares of the company’s stock, valued at approximately $2,669,677.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Andrew Mckenna purchased 300 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were purchased at an average cost of $507.00 per share, with a total value of $152,100.00. Following the completion of the purchase, the director now directly owns 5,131 shares in the company, valued at $2,601,417. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. American Beacon Advisors Inc. purchased a new stake in AutoZone during the first quarter worth $104,000. Alpha Windward LLC increased its stake in AutoZone by 0.8% in the first quarter. Alpha Windward LLC now owns 251 shares of the company’s stock worth $181,000 after buying an additional 2 shares during the period. Colony Group LLC purchased a new stake in AutoZone during the first quarter worth $205,000. Global X Management Co. LLC increased its stake in AutoZone by 26.5% in the first quarter. Global X Management Co. LLC now owns 286 shares of the company’s stock worth $207,000 after buying an additional 60 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in AutoZone during the first quarter worth $213,000. 97.11% of the stock is owned by institutional investors.

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.

Analyst Recommendations for AutoZone (NYSE:AZO)

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