Stephens set a $840.00 price target on AutoZone (NYSE:AZO) in a research note released on Tuesday morning. The firm currently has a hold rating on the stock.

Other analysts also recently issued reports about the company. Wedbush restated a hold rating and issued a $580.00 price objective (down from $590.00) on shares of AutoZone in a report on Wednesday, September 20th. Citigroup restated a buy rating and issued a $700.00 price objective on shares of AutoZone in a report on Wednesday, September 20th. UBS Group restated a buy rating and issued a $655.00 price objective (down from $725.00) on shares of AutoZone in a report on Wednesday, September 20th. Jefferies Group restated a hold rating and issued a $720.00 price objective on shares of AutoZone in a report on Wednesday, December 6th. Finally, Barclays increased their price objective on AutoZone from $710.00 to $800.00 in a report on Thursday, December 7th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. AutoZone presently has a consensus rating of Hold and an average target price of $743.12.

Shares of AutoZone (NYSE:AZO) traded up $3.52 during trading hours on Tuesday, hitting $784.54. 109,036 shares of the stock traded hands, compared to its average volume of 486,150. The firm has a market capitalization of $21,400.00, a P/E ratio of 17.47, a PEG ratio of 1.27 and a beta of 0.71. The company has a quick ratio of 0.14, a current ratio of 0.93 and a debt-to-equity ratio of -3.27. AutoZone has a 52 week low of $491.13 and a 52 week high of $791.64.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.90 by $0.10. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.54 billion. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $9.36 earnings per share. sell-side analysts expect that AutoZone will post 47.25 earnings per share for the current fiscal year.

In other AutoZone news, insider Albert Saltiel sold 2,150 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $703.09, for a total transaction of $1,511,643.50. Following the sale, the insider now owns 2,276 shares of the company’s stock, valued at $1,600,232.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip B. Daniele sold 740 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $780.37, for a total transaction of $577,473.80. Following the sale, the insider now directly owns 1,058 shares in the company, valued at approximately $825,631.46. The disclosure for this sale can be found here. Insiders have sold 93,913 shares of company stock worth $66,894,150 in the last ninety days. Insiders own 2.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Fieldpoint Private Securities LLC bought a new position in shares of AutoZone during the 2nd quarter worth about $114,000. Salem Investment Counselors Inc. boosted its position in shares of 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 purchasing an additional 9 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of AutoZone during the 3rd quarter worth about $179,000. CWM LLC boosted its position in shares of AutoZone by 41.8% during the 4th quarter. CWM LLC now owns 312 shares of the company’s stock worth $222,000 after purchasing an additional 92 shares in the last quarter. Finally, Jarislowsky Fraser Ltd bought a new position in shares of AutoZone during the 3rd quarter worth about $202,000. 99.35% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for AutoZone (NYSE:AZO)

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