AutoZone, Inc. (NYSE:AZO) Director Earl G. Graves, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $714.96, for a total value of $714,960.00. Following the completion of the transaction, the director now directly owns 4,431 shares in the company, valued at $3,167,987.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of AutoZone, Inc. (NYSE:AZO) traded down 0.10% during mid-day trading on Monday, reaching $730.03. The company had a trading volume of 180,568 shares. The company has a market capitalization of $20.79 billion, a price-to-earnings ratio of 17.12 and a beta of 0.58. The stock has a 50 day moving average of $729.40 and a 200-day moving average of $756.05. AutoZone, Inc. has a 52 week low of $705.30 and a 52 week high of $819.54.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, February 28th. The company reported $8.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.19 by $0.11. AutoZone had a net margin of 11.77% and a negative return on equity of 69.22%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company earned $7.43 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts expect that AutoZone, Inc. will post $45.37 earnings per share for the current fiscal year.

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

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AZO has been the topic of several research reports. Zacks Investment Research cut AutoZone from a “hold” rating to a “sell” rating in a research report on Monday, December 5th. Deutsche Bank AG raised their target price on AutoZone from $770.00 to $820.00 and gave the stock a “hold” rating in a research report on Wednesday, December 7th. Credit Suisse Group AG reissued a “buy” rating and issued a $814.00 target price on shares of AutoZone in a research report on Wednesday, November 23rd. Guggenheim initiated coverage on AutoZone in a research report on Wednesday, January 18th. They issued a “buy” rating and a $880.00 target price on the stock. Finally, BTIG Research reissued a “buy” rating and issued a $900.00 target price on shares of AutoZone in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $868.00.

Hedge funds have recently bought and sold shares of the stock. Commonwealth Bank of Australia increased its stake in AutoZone by 27.6% in the third quarter. Commonwealth Bank of Australia now owns 162 shares of the company’s stock valued at $125,000 after buying an additional 35 shares during the last quarter. Alpha Windward LLC increased its stake in AutoZone by 0.8% in the third quarter. Alpha Windward LLC now owns 242 shares of the company’s stock valued at $186,000 after buying an additional 2 shares during the last quarter. Amica Retiree Medical Trust purchased a new stake in AutoZone during the third quarter valued at $212,000. Shelton Capital Management purchased a new stake in AutoZone during the fourth quarter valued at $217,000. Finally, Advisor Group Inc. increased its stake in AutoZone by 7.4% in the third quarter. Advisor Group Inc. now owns 306 shares of the company’s stock valued at $233,000 after buying an additional 21 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

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.

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