Avestar Capital LLC acquired a new position in AutoZone, Inc. (NYSE:AZO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 500 shares of the company’s stock, valued at approximately $354,000.
Several other large investors have also recently made changes to their positions in the company. Muhlenkamp & Co. Inc. purchased a new position in shares of AutoZone in the fourth quarter worth about $4,819,000. Stone Ridge Asset Management LLC purchased a new position in shares of AutoZone in the fourth quarter worth about $1,220,000. Vulcan Value Partners LLC purchased a new position in shares of AutoZone in the fourth quarter worth about $291,129,000. Franklin Resources Inc. purchased a new position in shares of AutoZone in the fourth quarter worth about $258,000. Finally, Clearbridge Investments LLC raised its stake in shares of AutoZone by 2.3% in the fourth quarter. Clearbridge Investments LLC now owns 104,375 shares of the company’s stock worth $74,249,000 after purchasing an additional 2,362 shares during the last quarter. Hedge funds and other institutional investors own 94.47% of the company’s stock.
Shares of AutoZone, Inc. (AZO) opened at $659.40 on Monday. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.14. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $797.89. The company has a market capitalization of $18,040.00, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.05 and a beta of 0.85.
Several analysts recently commented on the company. Zacks Investment Research raised AutoZone from a “hold” rating to a “buy” rating and set a $819.00 target price on the stock in a report on Tuesday, February 6th. Barclays raised their target price on AutoZone from $710.00 to $800.00 in a report on Thursday, December 7th. Jefferies Group reaffirmed a “hold” rating and set a $720.00 target price on shares of AutoZone in a report on Wednesday, December 6th. Royal Bank of Canada raised their target price on AutoZone and gave the stock a “sector perform” rating in a report on Wednesday, December 6th. Finally, Moffett Nathanson assumed coverage on AutoZone in a report on Monday, December 4th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $754.28.
In other AutoZone news, insider Albert Saltiel sold 2,150 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $703.09, for a total value of $1,511,643.50. Following the sale, the insider now directly owns 2,276 shares of the company’s stock, valued at $1,600,232.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Philip B. Daniele sold 740 shares of AutoZone stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $780.37, for a total value of $577,473.80. Following the completion of the sale, the insider now directly owns 1,058 shares in the company, valued at $825,631.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,887 shares of company stock worth $14,165,983. 2.60% of the stock is owned by corporate insiders.
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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 October 27, 2016, the Company operated through 6,029 locations in the United States, Puerto Rico, Mexico and Brazil.
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