Goldman Sachs Group assumed coverage on shares of AutoZone (NYSE:AZO) in a research note released on Thursday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $1,183.00 price objective on the stock.
A number of other equities analysts have also commented on the company. Morgan Stanley raised their price objective on AutoZone from $980.00 to $1,050.00 and gave the stock an equal weight rating in a research note on Friday, March 29th. Oppenheimer assumed coverage on Novocure in a research note on Friday, June 28th. They set an outperform rating and a $75.00 price objective on the stock. Zacks Investment Research lowered Home Bancshares from a hold rating to a sell rating in a research note on Friday, June 7th. Citigroup upgraded Gilead Sciences from a neutral rating to a buy rating and set a $66.80 price objective on the stock in a research note on Wednesday, May 22nd. Finally, Evercore ISI assumed coverage on Polarityte in a research note on Wednesday, March 20th. They set an outperform rating and a $26.00 price objective on the stock. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. AutoZone has an average rating of Buy and a consensus target price of $1,046.18.
NYSE:AZO opened at $1,164.71 on Thursday. The firm has a market cap of $28.57 billion, a PE ratio of 19.58, a P/E/G ratio of 1.53 and a beta of 0.66. The business’s 50 day moving average price is $1,097.65. AutoZone has a 1-year low of $680.40 and a 1-year high of $1,166.90.
AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, May 21st. The company reported $15.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $15.23 by $0.76. The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.77 billion. AutoZone had a negative return on equity of 97.19% and a net margin of 12.70%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $13.42 EPS. Equities analysts forecast that AutoZone will post 62.48 EPS for the current year.
In other news, VP Charles Pleas III sold 9,000 shares of AutoZone stock in a transaction on Friday, May 24th. The stock was sold at an average price of $1,050.40, for a total value of $9,453,600.00. Following the transaction, the vice president now owns 13,365 shares in the company, valued at approximately $14,038,596. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Domingo Hurtado sold 1,050 shares of AutoZone stock in a transaction on 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 transaction, the insider now owns 1,050 shares in the company, valued at approximately $1,189,146. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,907 shares of company stock worth $35,293,228. Corporate insiders own 2.80% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of AZO. Berman Capital Advisors LLC bought a new position in shares of AutoZone in the 4th quarter valued at $26,000. Meridian Wealth Management LLC acquired a new stake in shares of AutoZone during the 1st quarter valued at $26,000. Legacy Bridge LLC acquired a new stake in shares of AutoZone during the 1st quarter valued at $38,000. Semmax Financial Advisors Inc. acquired a new stake in shares of AutoZone during the 4th quarter valued at $75,000. Finally, Private Capital Group LLC boosted its holdings in shares of AutoZone by 252.4% during the 1st quarter. Private Capital Group LLC now owns 74 shares of the company’s stock valued at $76,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 94.24% of the company’s stock.
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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