Northern Trust Corp lessened its holdings in AutoZone, Inc. (NYSE:AZO) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 362,485 shares of the company’s stock after selling 13,117 shares during the quarter. Northern Trust Corp owned 1.29% of AutoZone worth $206,784,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. American Beacon Advisors Inc. acquired a new stake in shares of AutoZone in the 1st quarter valued at $104,000. Alpha Windward LLC boosted its holdings in shares of AutoZone by 3.2% in the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after purchasing an additional 8 shares in the last quarter. Colony Group LLC acquired a new stake in shares of AutoZone in the 1st quarter valued at $205,000. Global X Management Co. LLC boosted its holdings in shares of AutoZone by 26.5% in the 1st quarter. Global X Management Co. LLC now owns 286 shares of the company’s stock valued at $207,000 after purchasing an additional 60 shares in the last quarter. Finally, Copper Rock Capital Partners LLC acquired a new stake in shares of AutoZone in the 2nd quarter valued at $284,000. 96.08% of the stock is currently owned by hedge funds and other institutional investors.
AutoZone, Inc. (AZO) opened at 574.03 on Friday. The company has a market capitalization of $15.98 billion, a price-to-earnings ratio of 13.03 and a beta of 0.62. The company’s 50-day moving average price is $534.42 and its 200 day moving average price is $611.55. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $813.70.
AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.11 by $0.07. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same period in the prior year, the business posted $14.30 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Analysts forecast that AutoZone, Inc. will post $47.03 EPS for the current fiscal year.
In other AutoZone news, Director William Andrew Mckenna purchased 300 shares of the business’s stock in a transaction on Thursday, July 13th. The stock was acquired at an average cost of $507.00 per share, for a total transaction of $152,100.00. Following the completion of the transaction, the director now directly owns 5,131 shares in the company, valued at approximately $2,601,417. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP William T. Giles sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the sale, the vice president now owns 18,500 shares of the company’s stock, valued at $10,750,350. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
A number of equities research analysts have weighed in on AZO shares. Goldman Sachs Group, Inc. (The) raised AutoZone from a “neutral” rating to a “buy” rating and raised their target price for the company from $615.62 to $662.00 in a report on Tuesday, May 30th. They noted that the move was a valuation call. Wedbush downgraded AutoZone from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $660.00 to $650.00 in a report on Tuesday, May 30th. ValuEngine downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet raised AutoZone from a “d+” rating to a “c” rating in a report on Wednesday, June 7th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of AutoZone in a report on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $747.27.
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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