TD Asset Management Inc. increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,937 shares of the company’s stock after buying an additional 2,156 shares during the period. TD Asset Management Inc. owned approximately 0.40% of AutoZone worth $64,426,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new stake in AutoZone during the first quarter worth approximately $104,000. Alpha Windward LLC raised its stake 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 last quarter. Colony Group LLC bought a new stake in AutoZone during the first quarter worth approximately $205,000. Global X Management Co. LLC raised its stake 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 last quarter. Finally, Fox Run Management L.L.C. bought a new stake in AutoZone during the first quarter worth approximately $213,000. 96.08% of the stock is owned by institutional investors and hedge funds.
Shares of AutoZone, Inc. (NYSE AZO) traded down 1.04% during mid-day trading on Friday, reaching $510.19. The company had a trading volume of 870,425 shares. AutoZone, Inc. has a one year low of $491.13 and a one year high of $813.70. The stock has a market capitalization of $14.30 billion, a P/E ratio of 11.79 and a beta of 0.61. The firm has a 50 day moving average of $520.66 and a 200-day moving average of $642.60.
AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, May 23rd. The company reported $11.44 earnings per share for the quarter, missing analysts’ consensus estimates of $12.00 by $0.56. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. AutoZone had a negative return on equity of 70.52% and a net margin of 11.82%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $10.77 EPS. Analysts forecast that AutoZone, Inc. will post $43.94 EPS for the current fiscal year.
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AZO has been the subject of a number of analyst reports. Goldman Sachs Group, Inc. (The) raised AutoZone from a “neutral” rating to a “buy” rating and increased their price target for the company from $615.62 to $662.00 in a research report on Tuesday, May 30th. They noted that the move was a valuation call. Citigroup Inc. reduced their price objective on AutoZone from $920.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $900.00 price objective on AutoZone and gave the company a “buy” rating in a research note on Tuesday, May 23rd. BTIG Research restated a “buy” rating and issued a $825.00 price objective on shares of AutoZone in a research note on Wednesday, May 24th. Finally, CIBC restated a “buy” rating and issued a $900.00 price objective on shares of AutoZone in a research note on Wednesday, May 24th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $775.91.
In other AutoZone news, VP William T. Giles sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the sale, the vice president now directly owns 18,500 shares in the company, valued at $10,750,350. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $602.50, for a total value of $602,500.00. Following the sale, the director now owns 4,431 shares in the company, valued at $2,669,677.50. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
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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