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AutoZone, Inc. Message Board

  • madgit45 madgit45 Mar 2, 2010 11:51 AM Flag

    S&P REITERATES BUY RECOMMENDATION ON SHARES OF AUTOZONE

    (Standard & Poor's)
    For the 12-week period ended February 13, AZO posts EPS of $2.46 vs. $2.03, $0.15 higher than our est. Same-store-sales grew 1%, in line with our view, but product mix shift and decrease in shrink led to modest gross margin expansion. Industry trends remain favorable, and AZO continues to capture share in faster-growing commercial segment. We are increasing our FY 10 (Aug.) and FY 11 EPS estimates to $13.71 and $15.23 from $13.49 and $14.68, respectively, and are raising our DCF-based target price by $5 to $185. Trading at about 11X our FY 11 EPS est., we find shares attractive.

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AZO
767.65-2.27(-0.29%)Jun 27 4:00 PMEDT