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MEMPHIS, Tenn.—Bailey L. Childress, Senior Vice President of Merchandising Support at AutoZone Inc. (NYSE:AZO), recently executed several stock transactions involving the company’s shares. The transactions come as the auto parts retailer, currently valued at $60.47 billion, trades near its 52-week high of $3,615.79. According to InvestingPro analysis, the stock appears overvalued at current levels, with technical indicators suggesting overbought conditions.
On March 5, Childress sold 160 shares of AutoZone common stock at a price of $3,550 per share, totaling $568,000. This sale reduced Childress’s direct ownership to 49.5726 shares.
In a separate transaction on the same day, Childress acquired 160 shares of AutoZone stock at an exercise price of $1,139.99 per share through the exercise of non-qualified stock options. The total value for this acquisition was $182,398. These options were part of the Amended and Restated AutoZone, Inc. 2011 Equity Incentive Award Plan, which allows for incremental vesting over four years.
Following these transactions, Childress holds a total of 49.5726 shares in direct ownership.
In other recent news, AutoZone has been the focus of several analyst updates following its earnings and revenue announcements. UBS increased its price target for AutoZone to $4,025, maintaining a Buy rating, citing the company’s successful strategic growth initiatives and stable earnings algorithm. Similarly, TD Cowen raised its price target to $3,900, also reiterating a Buy rating, and highlighted improvements in AutoZone’s Do-It-For-Me segment as a key factor for market share expansion. Truist Securities adjusted its price target to $3,841, praising AutoZone’s domestic sales trends and commercial sales growth, while suggesting that tariffs could boost comparable sales by increasing vehicle repair activities.
DA Davidson, on the other hand, set a price target of $3,500, maintaining a Neutral rating due to revenue and earnings challenges from currency fluctuations, but acknowledged AutoZone’s resilience in passing tariff costs to consumers. Erste Group initiated coverage with a Buy rating, emphasizing AutoZone’s strong operating margin and international expansion as significant growth drivers. The collective analyst sentiment suggests confidence in AutoZone’s strategic positioning and potential for continued growth amidst economic challenges. These recent developments provide investors with insights into AutoZone’s performance and future prospects in a dynamic market environment.
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