AutoZone, Inc. (NYSE:AZO) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 884,600 shares, an increase of 16.7% from the July 31st total of 758,300 shares. Based on an average daily volume of 252,200 shares, the short-interest ratio is presently 3.5 days. Currently, 3.6% of the company’s stock are short sold.

NYSE:AZO traded up $20.19 on Friday, hitting $1,149.26. The company’s stock had a trading volume of 198,382 shares, compared to its average volume of 248,203. The stock has a fifty day moving average of $1,104.98 and a two-hundred day moving average of $1,061.30. The firm has a market capitalization of $28.38 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.45 and a beta of 0.65. AutoZone has a one year low of $705.01 and a one year high of $1,186.60.

In other news, Director Earl G. Graves, Jr. sold 500 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,077.04, for a total value of $538,520.00. Following the sale, the director now directly owns 4,607 shares in the company, valued at $4,961,923.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Domingo Hurtado sold 1,050 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $1,132.52, for a total value of $1,189,146.00. Following the completion of the sale, the insider now owns 1,050 shares in the company, valued at $1,189,146. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,920 shares of company stock worth $10,002,037. Corporate insiders own 2.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in AutoZone by 3.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,946 shares of the company’s stock valued at $5,438,000 after buying an additional 168 shares during the period. Boston Partners raised its stake in AutoZone by 150.3% in the second quarter. Boston Partners now owns 433,268 shares of the company’s stock valued at $476,624,000 after buying an additional 260,171 shares during the period. Keudell Morrison Wealth Management bought a new stake in AutoZone in the second quarter valued at approximately $3,024,000. Treasurer of the State of North Carolina raised its stake in AutoZone by 1.4% in the second quarter. Treasurer of the State of North Carolina now owns 15,318 shares of the company’s stock valued at $16,842,000 after buying an additional 208 shares during the period. Finally, BlackRock Inc. raised its stake in AutoZone by 7.6% in the second quarter. BlackRock Inc. now owns 2,063,593 shares of the company’s stock valued at $2,268,859,000 after buying an additional 146,643 shares during the period. Hedge funds and other institutional investors own 94.61% of the company’s stock.

AZO has been the topic of several analyst reports. Wedbush reiterated an “outperform” rating and set a $1,100.00 target price (up previously from $1,030.00) on shares of AutoZone in a report on Wednesday, May 22nd. Citigroup upped their target price on AutoZone from $1,234.00 to $1,357.00 and gave the stock a “buy” rating in a report on Friday. CIBC upgraded AutoZone from a “market perform” rating to an “outperform” rating in a report on Friday, June 28th. Zacks Investment Research upgraded AutoZone from a “hold” rating to a “buy” rating and set a $1,156.00 target price on the stock in a report on Friday, June 7th. Finally, Goldman Sachs Group initiated coverage on AutoZone in a report on Thursday, July 11th. They set a “neutral” rating and a $1,183.00 target price on the stock. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $1,068.94.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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