AutoZone, Inc. (AZO) Shares Rating Lowered by ValuEngine

AutoZone, Inc. (AZO) Shares Rating Lowered by ValuEngine

AutoZone, Inc. (NYSE:AZO) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other research analysts have also recently issued research reports about the stock. Oppenheimer Holdings Inc. set a $900.00 target price on shares of AutoZone and gave the stock a “buy” rating in a report on Tuesday, May 23rd. Credit Suisse Group AG set a $812.00 target price on shares of AutoZone and gave the stock a “buy” rating in a report on Wednesday, March 1st. BTIG Research reissued a “buy” rating and issued a $900.00 target price on shares of AutoZone in a report on Wednesday, February 22nd. CIBC reissued a “buy” rating and issued a $900.00 target price on shares of AutoZone in a report on Wednesday, May 24th. Finally, Citigroup Inc dropped their target price on shares of AutoZone from $920.00 to $750.00 and set a “buy” rating for the company in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $814.81.

AutoZone (NYSE AZO) traded down 0.37% during midday trading on Friday, reaching $621.70. 495,735 shares of the company’s stock traded hands. The company has a market cap of $17.50 billion, a P/E ratio of 14.36 and a beta of 0.58. AutoZone has a 52-week low of $573.80 and a 52-week high of $819.54. The stock has a 50-day moving average of $675.03 and a 200 day moving average of $733.36.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, May 23rd. The company reported $11.44 EPS for the quarter, missing analysts’ consensus estimates of $12.00 by $0.56. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. AutoZone had a negative return on equity of 69.22% and a net margin of 11.77%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $10.77 EPS. On average, analysts anticipate that AutoZone will post $44.27 earnings per share for the current fiscal year.

In related news, Director Earl G. Graves, Jr. sold 1,000 shares of AutoZone stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $714.96, for a total value of $714,960.00. Following the completion of the sale, the director now owns 4,431 shares of the company’s stock, valued at approximately $3,167,987.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Rodney C. Halsell sold 14,300 shares of AutoZone stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $724.54, for a total transaction of $10,360,922.00. Following the completion of the sale, the insider now directly owns 3,966 shares of the company’s stock, valued at approximately $2,873,525.64. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of AZO. Alpha Windward LLC increased its stake in AutoZone by 0.8% in the first quarter. Alpha Windward LLC now owns 251 shares of the company’s stock valued at $181,000 after buying an additional 2 shares during the last quarter. Creative Planning increased its stake in AutoZone by 0.4% in the first quarter. Creative Planning now owns 1,972 shares of the company’s stock valued at $1,426,000 after buying an additional 8 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in AutoZone by 1.2% in the first quarter. Wetherby Asset Management Inc. now owns 687 shares of the company’s stock valued at $497,000 after buying an additional 8 shares during the last quarter. Bristlecone Advisors LLC increased its stake in AutoZone by 1.2% in the first quarter. Bristlecone Advisors LLC now owns 856 shares of the company’s stock valued at $619,000 after buying an additional 10 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in AutoZone by 2.2% in the first quarter. Pacer Advisors Inc. now owns 507 shares of the company’s stock valued at $367,000 after buying an additional 11 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

AutoZone Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AZO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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