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.

Institutional investors and hedge funds have recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new position in AutoZone during the 2nd quarter worth $114,000. Salem Investment Counselors Inc. lifted its holdings in AutoZone by 3.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after buying an additional 9 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in AutoZone during the 3rd quarter worth $179,000. Global X Management Co. LLC lifted its holdings in AutoZone by 12.9% during the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after buying an additional 37 shares in the last quarter. Finally, Jarislowsky Fraser Ltd acquired a new position in AutoZone during the 3rd quarter worth $202,000. 98.89% of the stock is currently owned by institutional investors and hedge funds.

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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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.

Insider Buying and Selling by Quarter for AutoZone (NYSE:AZO)

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