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Director George R. Mrkonic, Jr. of AutoZone, Inc. (NYSE:AZO) sells 138 shares.

Director George R. Mrkonic, Jr. of AutoZone, Inc. (NYSE:AZO) sells 138 shares.

On January 5 January 5, 2019, George R. Mrkonic, Jr., currently serving as a director for AutoZone, Inc. (NYSE: AZO), sold 138 shares of the company’s stock. AutoZone, Inc currently employs Monica. The price per share that the stock was sold for was $2,441.21, and the total value of the shares sold was $336,886.98. As a direct consequence of the transaction, the director now owns 3,764 shares of the company, which currently have a value of $9,188,714.4 each. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail.
The most recent quarterly earnings report for AutoZone, which is traded on the NYSE under the ticker symbol AZO, was published on December 6, Tuesday. The company announced earnings per share of $27.45, which is $2.63 higher than the consensus expectation of $24.82 for the period reported by the market. The net margin for AutoZone was 14.57 percent, but the company had a return on equity that was 69.45 percent negative. The revenue for the quarter came in at $3.99 billion, which was a significant increase over the average projection of $3.87 billion for the quarter’s total revenue. The company generated $25.69 per share during the same period the year before. Compared to the same quarter in the prior year, the company’s revenue increased by 8.6%. Analysts who focus on researching the stock market anticipate that AutoZone, Inc. will generate earnings of 124.96 dollars per share throughout the current fiscal year.
In the most recent few months, a sizeable number of hedge funds and other institutional investors have been very active in buying and selling AZO shares. During the second quarter, Beacon Pointe Advisors LLC increased the amount of AutoZone stock owned by 15.3%, bringing its total ownership to 100%. Beacon Pointe Advisors LLC now has a total of 219 shares worth a combined total of $467,000. This comes from purchasing an additional 29 shares during the most recent quarter. During the second quarter, Connor Clark & Lunn Investment Management Ltd. grew its ownership stake in the automobile parts retailer AutoZone by 184.2%. After making an additional purchase of 1,271 shares during the most recent quarter, Connor Clark & Lunn Investment Management Ltd. now has 1,961 shares of the company’s stock. The total value of their holdings in the company’s stock is $4,214,000. Wedbush Securities Inc. increased the amount of AutoZone stock owned by 184.8% over the third quarter of this year. As a result, Wedbush Securities Inc. has obtained ownership of 467 of the company’s shares, which together have an estimated value of one million dollars at present. This is a direct consequence of the acquisition of 303 additional shares during the time above period when the time above period was in effect. Gradient Investments LLC increased its ownership of AutoZone shares by 22.2% during the company’s second fiscal quarter. Gradient Investments LLC increased its stake in the company by purchasing 16 additional shares during the most recent quarter. This brought the total number of shares of the company’s stock that Gradient Investments LLC has purchased to 88, with a market value of $189,000. Bridgewater Associates LP increased its stake in AutoZone by purchasing a new position in the company during the second quarter for approximately $6,360,000. This purchase added to the firm’s existing holdings in the company. At this time, institutional investors such as hedge funds and other financial organizations own 91.12% of the company’s shares.
On Friday, the midday session saw a rise of $70.07 in the price of a share of AutoZone, which brought the price to $2,486.64 per share. The stock had a trading volume significantly higher than its average volume, which was 140,542 shares, reaching a volume of 150,269 shares. The company has a moving average of $2,468.07 for the previous 50 days, and the moving average for the previous 200 days is $2,289.02, respectively. The stock carries the following ratios:
A price-to-earnings ratio of 20.87
Price-to-earnings-growth ratio of 1.73
Avalue of 0.76
The m
Ket capitalization of the company is $46.66 billion. The price of one share of AutoZone, Inc. has ranged between $1,703.32 and $2,610.05 over the past 52 weeks, with a low of $1,703.32 and a high of $2,610.05.
Recent developments have prompted several research analysts to focus on the AZO stock.
Goldman Sachs Group reaffirmed its “buy” rating for AutoZone stock and set a target price of $2,334,000 for the company’s shares in a research report published on Wednesday, September 21. The report was made available to the public. Truist Financial raised the “buy” rating on the stock in a research note published on Wednesday, December 7, and the company also increased its price objective for AutoZone. Wedbush increased their price target on AutoZone in a research note given on Monday, November 28, from $2,350.00 to $2,600.00, indicating that they anticipate increasing the company’s share price. This increase indicated that they expect AutoZone’s share price to move higher. On Tuesday, November 29 November 29, Wells Fargo & Company announced the results of a research study in which they upgraded AutoZone’s stock to “overweight” and increased their price objective on the company from $2,450.00 to $2,850.00. Within the report’s scope, both of these modifications were carried out. Finally, Citigroup increased its price target for AutoZone stock from $2,520.00 to $2,782.00 and published the news in a report that was made public on Wednesday, December 7. This was the company’s final action, but by no means its the least important one. One of the research analysts has suggested selling the stock, while two others have given the stock a rating of “hold,” and fourteen others have given the stock a rating of “buy.” According to information made available by Bloomberg.com, the general opinion regarding the company’s stock is that it is currently a “Moderate Buy,” and the price target established for it is a consensus of $2,568.40.
AutoZone, Inc is a good example of a company that is both a retailer and a distributor of automotive parts and accessories. For passenger cars, sport utility vehicles, vans, and light trucks, the company distributes new and remanufactured automotive hard parts, maintenance supplies, accessories, and other products unrelated to the automotive industry. These products can be found in a wide variety of configurations. This company offers a wide variety of products and services, inclu

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