On Thursday, investors received a note from research analysts at StockNews.com announcing that they would be covering AutoZone (NYSE: AZO). Customers were encouraged to “buy” the company’s shares on the recommendation of the business.
The results of AutoZone’s most recent quarterly earnings report were made public on February 28, and the company’s stock symbol is NYSE: AZO.
The average projection by industry analysts for the company’s quarterly profits per share was $21.33. Still, the business’s actual amount earned during that period was $3.31 higher, coming in at $24.64.
It was predicted that the company would have quarterly sales of $3.56 billion, but they came in at $3.69 billion, a significant increase over the average prediction.
AutoZone came in with a negative 64.72 percent return on equity and a net margin of 14.32 percent, which are relatively low percentages.
The results of the company’s most recent quarter showed a 9.5% increase in sales compared to the same quarter’s results from the year before.
In the same period as the previous year, the company had an earnings per share total of $22.30.
The consensus among market analysts is that AutoZone will report earnings of $127.22 per share for the current fiscal year.
On Thursday, the NYSE AZO opened with a price of $2,415.68 for the first trade of the day.
The moving average price for the company over the past fifty days is $2,454.52, and the moving average price over the past two hundred days is $2,383.11 respectively.
In the prior year, the prices at AutoZone ranged from $1,703.32 to $2,610.05 on average, with $1,703.32 serving as the lowest price and $2,610.05 serving as the highest price.
The price-to-earnings ratio for this company is 19.86, and its price-to-earnings-growth ratio is 1.67.
Additionally, the company has a beta value of 0.69.
The company currently has a market capitalization of $45.33 billion.
In recent years, various research organizations have made the results of their investigations into AZO available to the general public. Goldman Sachs Group changed their recommendation on AutoZone stock from “hold” to “buy” and raised their price objective on the stock from $2,563.00 to $2,899.00 due to the research published on March 1.
In a research report that was made public on Monday, January 9, Guggenheim upgraded AutoZone from a “neutral” rating to a “buy” rating and set a price objective of $2,735.00 for the stock on AutoZone stock from “hold” to “buy” and raised their price objective on the stock from $2,563.00 to $2,899.00 as a result of the research that was published on March 1.
In a research report on Monday, January 9, Guggenheim upgraded AutoZone from a “neutral” rating to a “buy” rating and set a price objective of $2,735.00 for the stock.
They also gave the stock a price target of $2,735.00.
This modification was carried out.
In a research report published on March 1, Raymond James upgraded AutoZone to an “outperform” rating and increased their price target on the stock from $2,600.00 to $2,650.00.
In addition, the “outperform” rating was given to AutoZone. Wells Fargo & Company published a research report on Tuesday, November 29, in which they upgraded AutoZone from an “underweight” rating to an “equal weight” rating and raised their target price on the stock from $2,450.00 to $2,850.00.
This upgrade came as a result of the firm’s belief that AutoZone is more likely to experience growth in the future.
A research note published by Roth Capital on February 28 reaffirmed the firm’s “buy” rating on shares of AutoZone.
This was the last and most important item on the agenda. One analyst advises investors to sell the stock, two analysts believe investors should maintain their current holdings, and seventeen experts suggest investors purchase the stock.
The data that Bloomberg provided indicates that the stock has an average recommendation of “Moderate Buy” and that the general price objective is $2,652.76.
In related news, Vice President Grant E.
Mcgee sold 500 shares of AutoZone stock on December 22.
This transaction is one of several that are relevant to this topic.
It was determined that the cost of each share, which resulted in total revenue of $1,200,000.00 when sold, was, on average, $2,400.00. Following the completion of the transaction, the vice president obtained ownership of 244 business shares, the total value of which is $585,600. You will be taken to the legal file presented to the Securities and Exchange Commission if you click the link.
In this file, the transaction is described in greater detail.
In related news, Vice President Grant E.
Mcgee sold 500 shares of AutoZone stock on December 22.
This transaction is one of several that are relevant to this topic.
It was determined that the cost of each share, which resulted in total revenue of $1,200,000.00 when sold, was, on average, $2,400.00. Following the completion of the transaction, the vice president obtained ownership of 244 business shares, the total value of which is $585,600. You will be taken to the legal file presented to the Securities and Exchange Commission if you click the link.
In this file, the transaction is described in greater detail.
Additionally, on Monday, March 6, Grant E.
Mcgee, the company’s vice president, sold 1,575 of the company’s shares of stock.
The price of each share was finalized at an average of $2,511.63, and the sale of the stock resulted in a total of $3,955,817.25 being obtained.
The company’s stock is currently controlled by the vice president, who has amassed a total of 246 shares that can be estimated to be worth approximately $617,860.98.
Disclosures related to the sale might be found in this website section. Corporate insiders were responsible for the sale of 9,361 shares of company stock for a total of $22,971,862 in transactions that took place over the previous ninety days. Company insiders own and control 2.59% of their shares, giving them voting power.
Institutional investors have recently adjusted the total number of shares of stock they own in the company.
During the third quarter, Belmont Capital LLC made a fresh investment in the retail establishment known as AutoZone that was worth a total of $26,000.
During the third quarter, Robbins Farley successfully hired someone for a newly created position at AutoZone that paid $26,000.
In the final quarter of 2018, AdvisorNet Financial INC increased the amount of AutoZone stock owned by 83.3 percent.
As a result of the purchase of 5 additional shares during the relevant period, AdvisorNet Financial INC now holds 11 shares of the company’s stock, which together have a market value of $27,000.
These shares were acquired during the period in question.
In the final three months of 2018, RFP Financial Group LLC made a brand new investment in AutoZone in the amount of $27,000ng the third quarter, Belmont Capital LLC made a fresh investment in the retail establishment known as AutoZone that was worth a total of $26,000.
During the third quarter, Robbins Farley successfully hired someone for a newly created position at AutoZone that paid $26,000.
In the final quarter of 2018, AdvisorNet Financial INC increased the amount of AutoZone stock owned by 83.3 percent.
As a result of the purchase of 5 additional shares during the relevant period, AdvisorNet Financial INC now holds 11 shares of the company’s stock, which together have a market value of $27,000.
These shares were acquired during the period in question.
In the final three months of 2018, RFP Financial Group LLC made a new investment in AutoZone for $27,000.
Additionally, during the third quarter, WD Rutherford LLC made a new investment in AutoZone shares valued at $32,000.
Institutional investors and hedge funds hold 91.12% of the total number of shares in the company, making up the majority of the shareholders.