Brown Advisory Inc. raised its stake in shares of AutoZone Inc. (NYSE:AZO) by 20.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,230 shares of the company’s stock after buying an additional 206 shares during the period. Brown Advisory Inc.’s holdings in AutoZone were worth $977,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nordea Investment Management AB raised its position in AutoZone by 166.3% in the second quarter. Nordea Investment Management AB now owns 757,122 shares of the company’s stock valued at $601,034,000 after buying an additional 472,766 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of AutoZone during the second quarter worth approximately $87,553,000. 1832 Asset Management L.P. increased its position in shares of AutoZone by 181.8% in the first quarter. 1832 Asset Management L.P. now owns 75,637 shares of the company’s stock worth $97,999,000 after buying an additional 48,797 shares during the period. Trilogy Global Advisors LP purchased a new position in shares of AutoZone during the second quarter worth approximately $34,346,000. Finally, BlackRock Fund Advisors increased its position in shares of AutoZone by 6.8% in the first quarter. BlackRock Fund Advisors now owns 675,496 shares of the company’s stock worth $538,161,000 after buying an additional 42,911 shares during the period. 95.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AutoZone Inc. (NYSE:AZO) traded down 0.60% during mid-day trading on Wednesday, reaching $774.92. The company had a trading volume of 45,144 shares. The firm’s 50-day moving average is $761.32 and its 200 day moving average is $776.45. The company has a market capitalization of $22.56 billion, a price-to-earnings ratio of 19.04 and a beta of 0.42. AutoZone Inc. has a 12 month low of $681.01 and a 12 month high of $819.54.
AutoZone (NYSE:AZO) last issued its quarterly earnings data on Thursday, September 22nd. The company reported $14.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.05. The business had revenue of $3.40 billion for the quarter. AutoZone had a negative return on equity of 69.23% and a net margin of 11.67%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $12.75 EPS. On average, equities research analysts predict that AutoZone Inc. will post $45.44 earnings per share for the current year.
A number of research analysts have commented on AZO shares. Zacks Investment Research downgraded AutoZone from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Susquehanna started coverage on AutoZone in a research note on Thursday, August 25th. They issued a “neutral” rating and a $810.00 target price on the stock. Morgan Stanley set a $820.00 target price on AutoZone and gave the company a “hold” rating in a research note on Thursday, August 11th. Argus restated a “buy” rating and issued a $875.00 target price on shares of AutoZone in a research note on Sunday, July 10th. Finally, Goldman Sachs Group Inc. set a $841.00 target price on AutoZone and gave the company a “hold” rating in a research note on Monday, September 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. AutoZone presently has a consensus rating of “Buy” and a consensus target price of $858.24.
In related news, insider Thomas B. Newbern sold 16,870 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $799.82, for a total transaction of $13,492,963.40. Following the sale, the insider now owns 15,977 shares of the company’s stock, valued at approximately $12,778,724.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $795.24, for a total value of $795,240.00. Following the sale, the director now directly owns 4,127 shares in the company, valued at approximately $3,281,955.48. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
AutoZone Company Profile
AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).
Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone Inc. (NYSE:AZO).
Receive News & Ratings for AutoZone Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone Inc. and related companies with MarketBeat.com's FREE daily email newsletter.