Guggenheim lowered shares of AutoZone (NYSE:AZO) from a buy rating to a neutral rating in a research report report published on Wednesday.

Other analysts also recently issued reports about the stock. UBS reiterated a buy rating and issued a $655.00 price target (down from $725.00) on shares of AutoZone in a report on Wednesday, September 20th. Credit Suisse Group reiterated a buy rating and issued a $583.00 price target on shares of AutoZone in a report on Wednesday, September 20th. Citigroup reiterated a buy rating and issued a $700.00 price target on shares of AutoZone in a report on Wednesday, September 20th. Bank of America reiterated a buy rating and issued a $625.00 price target on shares of AutoZone in a report on Tuesday, September 5th. Finally, Oppenheimer restated a buy rating on shares of AutoZone in a report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. AutoZone presently has an average rating of Hold and a consensus target price of $730.70.

AutoZone (AZO) traded down $14.11 on Wednesday, hitting $698.65. 492,900 shares of the company were exchanged, compared to its average volume of 464,210. The company has a debt-to-equity ratio of -3.56, a quick ratio of 0.15 and a current ratio of 0.97. AutoZone has a 52 week low of $491.13 and a 52 week high of $813.70. The stock has a market cap of $19,595.57, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.31 and a beta of 0.72.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, beating analysts’ consensus estimates of $9.90 by $0.10. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. AutoZone had a net margin of 11.66% and a negative return on equity of 77.27%. AutoZone’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.36 EPS. equities research analysts anticipate that AutoZone will post 46.78 EPS for the current year.

In related news, insider James C. Griffith sold 3,623 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $698.17, for a total transaction of $2,529,469.91. Following the sale, the insider now directly owns 2,016 shares of the company’s stock, valued at $1,407,510.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the sale, the director now directly owns 8,131 shares in the company, valued at $4,756,309.76. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AXA boosted its holdings in AutoZone by 0.8% during the third quarter. AXA now owns 38,237 shares of the company’s stock worth $22,755,000 after buying an additional 300 shares in the last quarter. Burgundy Asset Management Ltd. lifted its holdings in AutoZone by 0.3% during the third quarter. Burgundy Asset Management Ltd. now owns 592,020 shares of the company’s stock valued at $352,317,000 after purchasing an additional 1,888 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in AutoZone by 3.3% during the third quarter. Public Employees Retirement System of Ohio now owns 45,781 shares of the company’s stock valued at $27,245,000 after purchasing an additional 1,483 shares in the last quarter. Gyroscope Capital Management Group LLC lifted its holdings in AutoZone by 31.6% during the third quarter. Gyroscope Capital Management Group LLC now owns 537 shares of the company’s stock valued at $320,000 after purchasing an additional 129 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new position in AutoZone during the third quarter valued at $503,000. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

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AutoZone Company Profile

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

Analyst Recommendations for AutoZone (NYSE:AZO)

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