AutoZone, Inc. (NYSE:AZO) – Equities research analysts at Wedbush dropped their Q1 2018 EPS estimates for AutoZone in a report issued on Tuesday. Wedbush analyst S. Basham now expects that the company will earn $9.76 per share for the quarter, down from their prior forecast of $9.90. Wedbush has a “Neutral” rating and a $580.00 price target on the stock. Wedbush also issued estimates for AutoZone’s Q2 2018 earnings at $8.20 EPS, Q3 2018 earnings at $12.11 EPS, Q4 2018 earnings at $16.53 EPS, FY2018 earnings at $46.60 EPS and FY2019 earnings at $51.30 EPS.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada cut their price target on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a report on Wednesday. Deutsche Bank AG cut their price target on shares of AutoZone from $800.00 to $650.00 and set a “hold” rating for the company in a report on Thursday, May 25th. BTIG Research reiterated a “buy” rating and issued a $825.00 price target on shares of AutoZone in a report on Wednesday, May 24th. CIBC reiterated a “buy” rating and issued a $900.00 price target on shares of AutoZone in a report on Wednesday, May 24th. Finally, Oppenheimer Holdings, Inc. set a $900.00 price target on shares of AutoZone and gave the company a “buy” rating in a report on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $773.18.

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Shares of AutoZone (NYSE AZO) opened at 535.19 on Wednesday. The stock has a 50 day moving average of $534.42 and a 200 day moving average of $611.55. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of 12.36 and a beta of 0.62. AutoZone has a 12 month low of $491.13 and a 12 month high of $813.70.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $15.11 by $0.07. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter last year, the business earned $14.30 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in AZO. Strs Ohio lifted its holdings in shares of AutoZone by 1.1% during the 1st quarter. Strs Ohio now owns 1,135 shares of the company’s stock worth $820,000 after acquiring an additional 12 shares during the period. First Trust Advisors LP lifted its holdings in shares of AutoZone by 126.8% during the 1st quarter. First Trust Advisors LP now owns 10,932 shares of the company’s stock worth $7,904,000 after acquiring an additional 6,111 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of AutoZone by 5.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 111,238 shares of the company’s stock worth $80,431,000 after acquiring an additional 5,695 shares during the period. State of Wisconsin Investment Board lifted its holdings in shares of AutoZone by 21.9% during the 1st quarter. State of Wisconsin Investment Board now owns 17,975 shares of the company’s stock worth $12,997,000 after acquiring an additional 3,234 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of AutoZone by 2.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,508 shares of the company’s stock worth $3,260,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 96.08% of the company’s stock.

In other news, VP William T. Giles sold 10,000 shares of the stock in a transaction dated 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 directly owns 18,500 shares in the company, valued at approximately $10,750,350. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William Andrew Mckenna acquired 300 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were bought at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the completion of the acquisition, the director now 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 owned by company insiders.

About AutoZone

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.

Earnings History and Estimates for AutoZone (NYSE:AZO)

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