AutoZone, Inc. (AZO) Director William Andrew Mckenna Sells 3,000 Shares of Stock
AutoZone, Inc. (NYSE:AZO) Director William Andrew Mckenna sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $584.96, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
William Andrew Mckenna also recently made the following trade(s):
- On Thursday, July 13th, William Andrew Mckenna bought 300 shares of AutoZone stock. The shares were bought at an average cost of $507.00 per share, for a total transaction of $152,100.00.
AutoZone, Inc. (NYSE AZO) traded up 1.33% during trading on Friday, hitting $595.11. The stock had a trading volume of 457,256 shares. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $813.70. The stock’s 50 day moving average price is $534.42 and its 200 day moving average price is $611.55. The firm has a market cap of $16.56 billion, a P/E ratio of 13.50 and a beta of 0.62.
AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, topping analysts’ consensus estimates of $15.11 by $0.07. The business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.49 billion. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $14.30 EPS. On average, analysts anticipate that AutoZone, Inc. will post $46.98 EPS for the current fiscal year.
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AZO has been the topic of several analyst reports. ValuEngine lowered AutoZone from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet raised AutoZone from a “d+” rating to a “c” rating in a report on Wednesday, June 7th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of AutoZone in a report on Tuesday, June 20th. Wedbush reaffirmed a “neutral” rating on shares of AutoZone in a report on Thursday, July 6th. Finally, Morgan Stanley lowered AutoZone from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $742.38.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Beacon Advisors Inc. acquired a new stake in shares of AutoZone in the 1st quarter worth approximately $104,000. Fieldpoint Private Securities LLC acquired a new stake in shares of AutoZone in the 2nd quarter worth approximately $114,000. Alpha Windward LLC grew its holdings in shares of AutoZone by 3.2% in the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after acquiring an additional 8 shares during the period. Salem Investment Counselors Inc. grew its holdings in shares of AutoZone by 3.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after acquiring an additional 9 shares during the period. Finally, Colony Group LLC acquired a new stake in shares of AutoZone in the 1st quarter worth approximately $205,000. Institutional investors and hedge funds own 96.08% of the company’s stock.
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.
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