CG Asset Management LLC decreased its stake in shares of AutoZone Inc. (NYSE:AZO) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 580 shares of the company’s stock after selling 2 shares during the period. CG Asset Management LLC’s holdings in AutoZone were worth $460,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Commonwealth Equity Services Inc raised its stake in AutoZone by 54.2% in the first quarter. Commonwealth Equity Services Inc now owns 765 shares of the company’s stock valued at $609,000 after buying an additional 269 shares during the period. Prudential Financial Inc. raised its stake in AutoZone by 0.9% in the first quarter. Prudential Financial Inc. now owns 38,764 shares of the company’s stock valued at $30,883,000 after buying an additional 360 shares during the period. Rehmann Capital Advisory Group bought a new stake in AutoZone during the first quarter valued at $207,000. BlackRock Group LTD raised its stake in AutoZone by 1.3% in the first quarter. BlackRock Group LTD now owns 366,565 shares of the company’s stock valued at $292,037,000 after buying an additional 4,737 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in AutoZone during the first quarter valued at $797,000. Institutional investors and hedge funds own 95.55% of the company’s stock.
Shares of AutoZone Inc. (NYSE:AZO) traded down 0.29% during mid-day trading on Tuesday, reaching $758.54. The company’s stock had a trading volume of 251,759 shares. The firm has a 50 day moving average price of $756.39 and a 200 day moving average price of $775.52. The firm has a market cap of $22.09 billion, a price-to-earnings ratio of 18.64 and a beta of 0.50. AutoZone Inc. has a 52-week low of $681.01 and a 52-week high of $819.54.
AutoZone (NYSE:AZO) last posted its quarterly earnings results on Thursday, September 22nd. The company reported $14.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.05. The firm earned $3.40 billion during the quarter. AutoZone had a negative return on equity of 69.23% and a net margin of 11.67%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $12.75 earnings per share. On average, equities analysts predict that AutoZone Inc. will post $45.46 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the company. TheStreet lowered AutoZone from a “buy” rating to a “sell” rating in a report on Wednesday, September 28th. Morgan Stanley upgraded AutoZone from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $820.00 to $840.00 in a report on Tuesday, September 27th. Barclays PLC restated an “overweight” rating and issued a $870.00 target price on shares of AutoZone in a report on Sunday, September 25th. Robert W. Baird restated a “neutral” rating and issued a $850.00 target price on shares of AutoZone in a report on Sunday, September 25th. Finally, RBC Capital Markets restated a “sector perform” rating and issued a $855.00 target price (down from $873.00) on shares of AutoZone in a report on Friday, September 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $858.24.
In other AutoZone news, VP Ronald B. Griffin sold 4,830 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $804.00, for a total value of $3,883,320.00. Following the completion of the transaction, the vice president now directly owns 5,044 shares in the company, valued at $4,055,376. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas B. Newbern sold 16,870 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $799.82, for a total value of $13,492,963.40. Following the completion of the transaction, the insider now owns 15,977 shares of the company’s stock, valued at $12,778,724.14. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
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).
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