AutoZone, Inc. (NYSE:AZO) Receives $3,651.91 Consensus Target Price from Brokerages

Shares of AutoZone, Inc. (NYSE:AZO) have earned a consensus rating of “Moderate Buy” from the twenty-four analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, fifteen have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $3,651.91.

A number of research analysts recently issued reports on the company. Roth Capital set a $3,763.00 target price on AutoZone in a report on Wednesday, March 5th. BMO Capital Markets lifted their price objective on shares of AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. TD Cowen increased their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. DA Davidson lifted their price target on shares of AutoZone from $3,350.00 to $3,500.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. Finally, Raymond James reiterated a “strong-buy” rating on shares of AutoZone in a research report on Wednesday, March 5th.

Insider Buying and Selling at AutoZone

In other news, SVP K. Michelle Borninkhof sold 136 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the completion of the sale, the senior vice president now directly owns 403 shares of the company’s stock, valued at $1,430,682.24. This trade represents a 25.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the sale, the senior vice president now directly owns 50 shares of the company’s stock, valued at approximately $177,500. The trade was a 76.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,871 shares of company stock valued at $6,720,811 in the last quarter. Company insiders own 2.10% of the company’s stock.

Institutional Trading of AutoZone

A number of institutional investors have recently added to or reduced their stakes in AZO. Geode Capital Management LLC lifted its stake in shares of AutoZone by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock valued at $1,326,545,000 after purchasing an additional 7,365 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in AutoZone by 482,040.2% during the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock valued at $1,343,117,000 after buying an additional 419,375 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of AutoZone by 5.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company’s stock worth $1,039,421,000 after buying an additional 17,518 shares during the last quarter. Norges Bank bought a new stake in shares of AutoZone during the 4th quarter worth about $834,556,000. Finally, PineStone Asset Management Inc. increased its holdings in shares of AutoZone by 6.9% during the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company’s stock valued at $683,867,000 after acquiring an additional 13,771 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Trading Up 1.8 %

Shares of NYSE:AZO opened at $3,620.16 on Tuesday. The company has a 50 day moving average of $3,408.03 and a 200-day moving average of $3,247.36. The firm has a market cap of $60.75 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.86 and a beta of 0.71. AutoZone has a twelve month low of $2,728.97 and a twelve month high of $3,704.43.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. Equities research analysts forecast that AutoZone will post 152.94 EPS for the current year.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.