Insider Selling: AutoZone, Inc. (AZO) Insider Sells 3,623 Shares of Stock
AutoZone, Inc. (NYSE:AZO) insider James C. Griffith sold 3,623 shares of AutoZone stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $698.17, for a total value of $2,529,469.91. Following the completion of the transaction, the insider now owns 2,016 shares in the company, valued at $1,407,510.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of AutoZone, Inc. (NYSE:AZO) traded down $14.11 on Wednesday, hitting $698.65. The stock had a trading volume of 492,912 shares, compared to its average volume of 464,209. The firm has a market cap of $19,240.00, a P/E ratio of 16.11, a P/E/G ratio of 1.31 and a beta of 0.71. The company has a quick ratio of 0.15, a current ratio of 0.97 and a debt-to-equity ratio of -3.56. AutoZone, Inc. has a fifty-two week low of $491.13 and a fifty-two week high of $813.70.
AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, topping the consensus estimate of $9.90 by $0.10. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. AutoZone’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $9.36 EPS. sell-side analysts anticipate that AutoZone, Inc. will post 46.78 EPS for the current fiscal year.
A number of equities analysts recently issued reports on AZO shares. Zacks Investment Research upgraded AutoZone from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Bank of America reaffirmed a “buy” rating and issued a $625.00 target price on shares of AutoZone in a research report on Tuesday, September 5th. Wedbush reissued a “hold” rating and set a $580.00 price objective (down previously from $590.00) on shares of AutoZone in a research report on Wednesday, September 20th. Royal Bank Of Canada reduced their price objective on AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 20th. Finally, Citigroup reissued a “buy” rating and set a $700.00 price objective on shares of AutoZone in a research report on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $730.70.
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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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