Wells Fargo & Co reissued their buy rating on shares of AutoZone (NYSE:AZO) in a research report sent to investors on Tuesday morning, AnalystRatings.com reports. The firm currently has a $1,140.00 price target on the stock.

AZO has been the subject of several other reports. Zacks Investment Research cut AutoZone from a buy rating to a hold rating in a research note on Wednesday, February 13th. JPMorgan Chase & Co. raised their price objective on AutoZone from $995.00 to $1,126.00 and gave the stock an overweight rating in a research note on Monday, April 15th. Morgan Stanley raised their price objective on AutoZone from $900.00 to $980.00 and gave the stock an equal weight rating in a research note on Wednesday, February 27th. Evercore ISI initiated coverage on AutoZone in a research note on Wednesday, March 20th. They set an in-line rating and a $1,030.00 price objective on the stock. Finally, Credit Suisse Group set a $1,131.00 price objective on AutoZone and gave the stock a positive rating in a research note on Tuesday, April 23rd. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $1,006.25.

AutoZone stock opened at $1,034.82 on Tuesday. The company has a market cap of $25.69 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.38 and a beta of 0.67. AutoZone has a 52 week low of $615.13 and a 52 week high of $1,074.67.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, May 21st. The company reported $15.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $15.23 by $0.76. The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.77 billion. AutoZone had a negative return on equity of 98.24% and a net margin of 12.49%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $13.42 EPS. As a group, sell-side analysts anticipate that AutoZone will post 61.92 earnings per share for the current year.

In other AutoZone news, Director Earl G. Graves, Jr. sold 250 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $1,038.68, for a total value of $259,670.00. Following the sale, the director now directly owns 4,357 shares in the company, valued at $4,525,528.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Albert Saltiel sold 2,150 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $912.11, for a total value of $1,961,036.50. Following the completion of the sale, the vice president now owns 2,308 shares in the company, valued at $2,105,149.88. The disclosure for this sale can be found here. Insiders have sold 10,640 shares of company stock worth $10,370,907 over the last 90 days. 2.80% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Advantage Investment Management LLC lifted its stake in AutoZone by 64.7% in the first quarter. Advantage Investment Management LLC now owns 28 shares of the company’s stock valued at $29,000 after buying an additional 11 shares during the last quarter. Berman Capital Advisors LLC bought a new stake in AutoZone in the fourth quarter valued at $26,000. Penserra Capital Management LLC bought a new stake in AutoZone in the fourth quarter valued at $30,000. Legacy Bridge LLC bought a new stake in AutoZone in the first quarter valued at $38,000. Finally, Lindbrook Capital LLC bought a new stake in AutoZone in the fourth quarter valued at $35,000. Institutional investors own 94.15% of the company’s stock.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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Analyst Recommendations for AutoZone (NYSE:AZO)

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