AutoZone (AZO) was Resumed by Gabelli & Co to “Buy” and the brokerage firm has set the Price Target at $935. Gabelli & Co advised their investors in a research report released on Apr 15, 2016.
Many Wall Street Analysts have commented on AutoZone. Barclays Initiated AutoZone on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $870.Company shares were Reiterated by Wedbush on Mar 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 870 from a previous price target of $800 .AutoZone was Upgraded by Wedbush to ” Outperform” on Feb 16, 2016.
On the company’s financial health, AutoZone reported $7.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Mar 1, 2016. Analyst had a consensus of $7.29. The company had revenue of $2257.20 million for the quarter, compared to analysts expectations of $2258.94 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.51 EPS.
AutoZone closed down -10.05 points or -1.28% at $773.88 with 2,28,578 shares getting traded on Monday. Post opening the session at $782.73, the shares hit an intraday low of $772.22 and an intraday high of $786.41 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Apr 14, 2016, Albert Saltiel (Sr. Vice President) sold 500 shares at $782.25 per share price. According to the SEC, on Mar 16, 2016, Mark A. Finestone (Exec. Vice President) sold 9,600 shares at $798.64 per share price. On Mar 14, 2016, Philip B. Daniele (Sr. Vice President) sold 1,000 shares at $797.04 per share price, according to the Form-4 filing with the securities and exchange commission.
AutoZone Inc. (AutoZone) is a retailer and a distributor of automotive replacement parts and accessories in the United States. The Company’s segments include Auto Parts Stores and Other. The Company’s Auto Parts Stores segment includes Domestic Auto Parts Mexico Brazil and Interamerican Motor Corporation (IMC). The Company’s Other segment includes business activities of ALLDATA E-commerce and AutoAnything. The ALLDATA produces sells and maintains diagnostic and repair information software used in the automotive repair industry. The e-commerce includes direct sales to customers through www.autozone.com. The AutoAnything includes direct sales to customers through www.autoanything.com. The Company operates approximately 5069 AutoZone stores in the United States including stores in Puerto Rico Mexico Brazil and IMC branches. IMC branches carry a line of original equipment import replacement parts.