AutoZone (NYSE:AZO) Given a $4,200.00 Price Target by Wells Fargo & Company Analysts

AutoZone (NYSE:AZO - Get Free Report) received a $4,200.00 price target from equities research analysts at Wells Fargo & Company in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 9.67% from the company's previous close.

Other equities analysts have also issued reports about the stock. BMO Capital Markets upped their target price 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. Roth Mkm upped their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Wall Street Zen raised shares of AutoZone from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Truist Financial boosted their price target on shares of AutoZone from $3,841.00 to $3,995.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Guggenheim boosted their price target on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, AutoZone presently has an average rating of "Buy" and an average price target of $3,966.76.

AutoZone Trading Down 0.8%

Shares of AZO stock traded down $29.62 on Monday, hitting $3,829.63. The stock had a trading volume of 151,200 shares, compared to its average volume of 128,584. AutoZone has a twelve month low of $2,728.97 and a twelve month high of $3,916.81. The firm has a market cap of $64.27 billion, a P/E ratio of 25.59, a PEG ratio of 1.86 and a beta of 0.44. The company has a fifty day moving average price of $3,687.30 and a two-hundred day moving average price of $3,446.78.

AutoZone (NYSE:AZO - Get Free Report) last announced 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). The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. On average, analysts expect that AutoZone will post 152.94 earnings per share for the current year.

Insider Activity at AutoZone

In related news, CEO Philip B. Daniele sold 2,000 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the transaction, the chief executive officer now owns 163 shares in the company, valued at approximately $619,401.63. This represents a 92.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the transaction, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. This trade represents a 76.19% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,521 shares of company stock worth $42,177,331. Insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Colonial Trust Co SC grew its position in shares of AutoZone by 24.5% during the 4th quarter. Colonial Trust Co SC now owns 61 shares of the company's stock worth $197,000 after purchasing an additional 12 shares in the last quarter. Comerica Bank grew its position in shares of AutoZone by 5.4% during the 4th quarter. Comerica Bank now owns 4,262 shares of the company's stock worth $13,647,000 after purchasing an additional 217 shares in the last quarter. Barclays PLC grew its position in shares of AutoZone by 82.6% during the 4th quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after purchasing an additional 77,015 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of AutoZone by 13.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 66,016 shares of the company's stock worth $211,383,000 after purchasing an additional 7,586 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of AutoZone by 41.1% during the 4th quarter. Russell Investments Group Ltd. now owns 73,044 shares of the company's stock worth $233,718,000 after purchasing an additional 21,266 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

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.