AutoZone, Inc. (NYSE:AZO) SVP Bailey L. Childress Sells 160 Shares

AutoZone, Inc. (NYSE:AZO) SVP Bailey L. Childress sold 160 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was 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 $177,500. The trade was a 76.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

AutoZone Price Performance

Shares of AutoZone stock opened at $3,620.28 on Friday. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,636.96. The firm has a market capitalization of $60.76 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The company’s fifty day moving average price is $3,365.96 and its two-hundred day moving average price is $3,229.56.

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

Institutional Trading of AutoZone

Hedge funds have recently modified their holdings of the stock. TFR Capital LLC. acquired a new stake in shares of AutoZone in the 4th quarter valued at $240,000. Siemens Fonds Invest GmbH raised its holdings in AutoZone by 630.1% during the 4th quarter. Siemens Fonds Invest GmbH now owns 1,577 shares of the company’s stock worth $5,050,000 after purchasing an additional 1,361 shares during the last quarter. Menard Financial Group LLC bought a new stake in AutoZone during the 4th quarter worth about $157,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in AutoZone during the 4th quarter valued at about $95,480,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of AutoZone by 1.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 1,219 shares of the company’s stock valued at $3,903,000 after purchasing an additional 13 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Raymond James lifted their price target on AutoZone from $3,850.00 to $4,000.00 and gave the stock a “strong-buy” rating in a research note on Wednesday. Citigroup lifted their target price on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Mizuho lifted their price objective on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays increased their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Argus lowered AutoZone from a “buy” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $3,646.62.

AutoZone Company Profile

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.