DekaBank Deutsche Girozentrale boosted its position in shares of AutoZone, Inc. (NYSE:AZO) by 35.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,904 shares of the company’s stock after purchasing an additional 3,379 shares during the period. DekaBank Deutsche Girozentrale’s holdings in AutoZone were worth $6,759,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of AutoZone by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,899,758 shares of the company’s stock worth $1,083,735,000 after buying an additional 32,542 shares during the last quarter. FMR LLC boosted its stake in shares of AutoZone by 6.7% during the 2nd quarter. FMR LLC now owns 1,864,473 shares of the company’s stock worth $1,063,608,000 after buying an additional 117,019 shares during the last quarter. State Street Corp boosted its stake in shares of AutoZone by 5.1% during the 2nd quarter. State Street Corp now owns 1,363,261 shares of the company’s stock worth $777,679,000 after buying an additional 66,734 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of AutoZone by 44.9% during the 2nd quarter. Nordea Investment Management AB now owns 1,027,095 shares of the company’s stock worth $585,917,000 after buying an additional 318,188 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of AutoZone by 59.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,018,416 shares of the company’s stock worth $580,966,000 after buying an additional 380,824 shares during the last quarter. Hedge funds and other institutional investors own 98.25% of the company’s stock.
A number of equities analysts have recently commented on the stock. Wedbush restated a “hold” rating and set a $580.00 price objective (down from $590.00) on shares of AutoZone in a research note on Wednesday, September 20th. Citigroup Inc. restated a “buy” rating and set a $700.00 price objective on shares of AutoZone in a research note on Wednesday, September 20th. UBS AG restated a “buy” rating and set a $655.00 price objective (down from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Credit Suisse Group restated a “buy” rating and set a $583.00 price objective on shares of AutoZone in a research note on Wednesday, September 20th. Finally, Royal Bank Of Canada reduced their price objective on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $724.45.
Shares of AutoZone, Inc. (NYSE:AZO) opened at $629.43 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.15 and a debt-to-equity ratio of -3.56. The stock has a market cap of $17,304.92, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.16 and a beta of 0.65. AutoZone, Inc. has a 1 year low of $491.13 and a 1 year high of $813.70.
AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $15.11 by $0.07. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $14.30 earnings per share. sell-side analysts anticipate that AutoZone, Inc. will post 46.78 EPS for the current fiscal year.
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In other news, Director William Andrew Mckenna sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the transaction, the director now directly owns 8,131 shares of the company’s stock, valued at $4,756,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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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