AutoZone, Inc. (NYSE:AZO - Get Free Report) SVP K. Michelle Borninkhof sold 750 shares of AutoZone stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $3,597.13, for a total transaction of $2,697,847.50. Following the sale, the senior vice president now owns 406 shares of the company's stock, valued at approximately $1,460,434.78. This represents a 64.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
AutoZone Price Performance
Shares of NYSE:AZO traded up $30.94 during trading on Thursday, hitting $3,520.48. 204,154 shares of the company were exchanged, compared to its average volume of 129,494. The stock has a market capitalization of $59.07 billion, a P/E ratio of 23.83, a PEG ratio of 2.09 and a beta of 0.40. AutoZone, Inc. has a 12-month low of $2,801.49 and a 12-month high of $3,916.81. The firm's 50 day moving average price is $3,694.65 and its 200-day moving average price is $3,530.39.
AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 earnings per share for the quarter, missing the consensus estimate of $37.07 by ($1.71). The company had revenue of $4.46 billion for the quarter, compared to analysts' expectations of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $36.69 EPS. As a group, equities research analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.
Institutional Trading of AutoZone
Institutional investors have recently modified their holdings of the stock. AlphaCore Capital LLC purchased a new stake in AutoZone in the 1st quarter valued at $27,000. Saudi Central Bank purchased a new stake in AutoZone in the 1st quarter valued at $27,000. Headlands Technologies LLC purchased a new stake in AutoZone in the 4th quarter valued at $29,000. Flagship Wealth Advisors LLC purchased a new stake in AutoZone in the 4th quarter valued at $32,000. Finally, Harbour Investments Inc. raised its position in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Roth Mkm lifted their price objective on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Mizuho lifted their price objective on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Roth Capital set a $4,135.00 price objective on shares of AutoZone and gave the company a "buy" rating in a report on Monday, June 2nd. Morgan Stanley restated an "overweight" rating and issued a $4,000.00 price objective (up previously from $3,750.00) on shares of AutoZone in a report on Wednesday, May 28th. Finally, Oppenheimer upgraded shares of AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 price objective for the company in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, AutoZone has an average rating of "Buy" and a consensus price target of $4,072.24.
Read Our Latest Stock Report on AZO
AutoZone Company Profile
(
Get Free Report)
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.
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