Advisor Partners LLC increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 689 shares of the company’s stock after buying an additional 36 shares during the period. Advisor Partners LLC’s holdings in AutoZone were worth $393,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of AZO. American Beacon Advisors Inc. bought a new position in AutoZone during the first quarter worth approximately $104,000. Alpha Windward LLC increased its position in AutoZone by 3.2% in the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after buying an additional 8 shares during the period. Colony Group LLC bought a new position in AutoZone during the first quarter worth approximately $205,000. Global X Management Co. LLC increased its position in AutoZone by 26.5% in the first quarter. Global X Management Co. LLC now owns 286 shares of the company’s stock worth $207,000 after buying an additional 60 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in AutoZone during the first quarter worth approximately $213,000. 97.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AutoZone, Inc. (NYSE:AZO) opened at 533.16 on Thursday. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $813.70. The firm has a market cap of $14.94 billion, a PE ratio of 12.32 and a beta of 0.61. The stock has a 50 day moving average of $531.07 and a 200 day moving average of $652.59.
AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, May 23rd. The company reported $11.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.00 by $0.56. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the firm posted $10.77 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that AutoZone, Inc. will post $43.99 earnings per share for the current fiscal year.
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A number of research firms recently commented on AZO. Deutsche Bank AG reaffirmed a “hold” rating and issued a $550.00 target price (down from $650.00) on shares of AutoZone in a research report on Friday, July 21st. Wedbush reaffirmed a “neutral” rating on shares of AutoZone in a research report on Thursday, July 6th. BidaskClub raised shares of AutoZone from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. BTIG Research reaffirmed a “buy” rating and issued a $825.00 target price on shares of AutoZone in a research report on Wednesday, May 24th. Finally, Oppenheimer Holdings, Inc. dropped their target price on shares of AutoZone and set an “outperform” rating on the stock in a research report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. AutoZone has an average rating of “Hold” and a consensus price target of $775.91.
In other news, Director William Andrew Mckenna purchased 300 shares of AutoZone stock in a transaction dated Thursday, July 13th. The stock was bought at an average price of $507.00 per share, with a total value of $152,100.00. Following the completion of the acquisition, the director now owns 5,131 shares in the company, valued at approximately $2,601,417. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $602.50, for a total transaction of $602,500.00. Following the transaction, the director now directly owns 4,431 shares of the company’s stock, valued at approximately $2,669,677.50. The disclosure for this sale can be found here. Insiders own 2.60% 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 operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.
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