Somewhat Positive News Coverage Somewhat Unlikely to Affect AutoZone (AZO) Share Price

Headlines about AutoZone (NYSE:AZO) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. AutoZone earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.4904505782501 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern’s rankings:

AutoZone (NYSE AZO) traded down $3.17 during midday trading on Tuesday, hitting $650.09. 375,409 shares of the company traded hands, compared to its average volume of 501,142. The company has a market cap of $17,780.00, a P/E ratio of 15.84, a P/E/G ratio of 1.05 and a beta of 0.85. AutoZone has a fifty-two week low of $491.13 and a fifty-two week high of $797.89. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, February 27th. The company reported $8.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $8.81 by ($0.34). The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. AutoZone had a net margin of 12.00% and a negative return on equity of 85.64%. AutoZone’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.75 earnings per share. sell-side analysts anticipate that AutoZone will post 49.24 earnings per share for the current fiscal year.

AZO has been the subject of several recent research reports. Zacks Investment Research downgraded shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. UBS Group reissued a “buy” rating and issued a $750.00 target price (up from $655.00) on shares of AutoZone in a research report on Wednesday, November 29th. Raymond James Financial reissued a “hold” rating on shares of AutoZone in a research report on Saturday, December 2nd. Moffett Nathanson initiated coverage on shares of AutoZone in a research report on Monday, December 4th. They issued a “neutral” rating for the company. Finally, Citigroup boosted their target price on shares of AutoZone to $820.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $754.28.

In related news, insider James C. Griffith sold 1,250 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $794.70, for a total transaction of $993,375.00. Following the completion of the transaction, the insider now directly owns 1,353 shares in the company, valued at approximately $1,075,229.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Albert Saltiel sold 2,150 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $703.09, for a total transaction of $1,511,643.50. Following the transaction, the insider now owns 2,276 shares of the company’s stock, valued at $1,600,232.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,887 shares of company stock valued at $14,165,983. Corporate insiders own 2.80% of the company’s stock.

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About AutoZone

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 October 27, 2016, the Company operated through 6,029 locations in the United States, Puerto Rico, Mexico and Brazil.

Insider Buying and Selling by Quarter for AutoZone (NYSE:AZO)

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