Jefferies Gives a Hold Rating to AutoZone

By Austin Angelo

Jefferies analyst Bret Jordan reiterated a Hold rating on AutoZone (NYSE: AZO) today and set a price target of $810. The company’s shares closed yesterday at $687.61.

According to, Jordan is a 4-star analyst with an average return of 6.6% and a 56.3% success rate. Jordan covers the Services sector, focusing on stocks such as Pep Boys-Manny Moe & Jack, Kar Auction Services Inc, and Genuine Parts Company.

Currently, the analyst consensus on AutoZone is Moderate Buy and the average price target is $847.25, representing a 23.2% upside.

In a report released yesterday, RBC Capital also reiterated a Hold rating on the stock with a $829 price target.

Based on AutoZone’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $2.29 billion and quarterly net profit of $237 million. In comparison, last year the company earned revenue of $2.26 billion and had a net profit of $229 million.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. Last month, Halsell Rodney C., the Sr. Vice President of AZO sold 14,300 shares for a total of $10,360,970.

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AutoZone, Inc. engages in the provision of retail and a distribution of automotive replacement parts and accessories. It operates in the following segments: Auto Parts Locations and Others. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories through the company’s stores in the United States, Puerto Rico, Mexico and Brazil. The Others segment includes 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; and AutoAnything, which includes direct sales to customers through The company was founded by Joseph R. Hyde, III on July 4, 1979 and is headquartered in Memphis, TN.