The company is so far trading down by -0.44% since yesterday’s close of $499.57. Company shares last traded at $497.39 a tad under the 50 day moving average of $615.04 and which is a tad under the 200 day moving average of $706.75. The 50 day moving average was down $-117.31 whereas the 200 day average was down by -29.57%.
AutoZone, Inc. (NYSE:AZO) has been the object of insider selling activity recently. Executive V.P. & CFO William T. Giles sold 10,000 shares at an average price of $580.71 on Tue the 27th. That brings Giles’s holdings to $4,935,890 as recorded in a recent Form 4 SEC filing. Director Earl G. Jr Graves disclosed the sale of 1,000 shares of AZO stock. The shares were purchased at an average price of $602.50. Graves now owns $2,067,202 of the stock according to the SEC filing.
Rodney C. Halsell, Sr VP disclosed the sale of 14,300 shares of (AZO). The shares were sold on March 21st for an average price of $724.99. The Sr VP now owns $265,107 of the stock per the Form 4 SEC filing.
Autozone, Inc., launched on November 25, 1991, 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. The Business’s stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Business’s domestic stores also have a commercial sales program, which provides commercial credit and delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts. The Business’s other operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry; E-commerce, which includes direct sales to customers through www.autozone.com, and AutoAnything, which includes direct sales to customers through www.autoanything.com..
Here are some other firms who have updated their holdings. As of quarter end Mawer Investment Management Ltd. had bought 3,420 shares growing its position 2.6%. The value of the company’s investment in AutoZone, Inc. went from $102,093,000 to $95,939,000 decreasing 6.0% quarter over quarter. Proficio Capital Partners LLC cut its stake by shedding 14 shares a decrease of 66.7%. Proficio Capital Partners LLC now holds 7 shares worth $4,000. The total value of its holdings decreased 76.5%.
As of the end of the quarter Bristlecone Advisors, LLC had acquired a total of 10 shares growing its stake by 1.2%. The value of the total investment in AutoZone, Inc. decreased from $668,000 to $619,000 a change of 7.3% since the last quarter. Morgan Stanley trimmed its position by selling 3,590 shares a decrease of 58.0% in the quarter. Morgan Stanley now controls 2,597 shares valued at $1,878,000. The value of the position overall is down by 61.6%.
On July 7 the stock rating was downgraded from “Buy” to “Equal-Weight” by analysts at Bank of America. On July 6 the company was set at “Equal-Weight” according to a Morgan Stanley report down from the previous “Overweight” rating.
On May 30 the company was upgraded to “Buy” from “Neutral” in a statement from Goldman Sachs. On May 30 the company was downgraded to “Neutral” from “Outperform” by Wedbush.
On May 24 the stock rating was downgraded from “” to “Equal-Weight” in a report from Stephens & Co.. Equity analyst Atlantic Equities started covering AZO setting a rating of “Neutral”.
The P/E ratio is 11.50 and the market cap of the company is 13.95B. In the last earnings report the EPS was $43.29 and is projected to be $44.14 for the current year with 28,030,000 shares presently outstanding. Next quarter’s EPS is expected be $10.03 with next year’s EPS anticipated to be $47.74.