Stone Ridge Asset Management LLC acquired a new position in shares of AutoZone, Inc. (NYSE:AZO) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,715 shares of the company’s stock, valued at approximately $1,220,000.
Other large investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new stake in AutoZone during the 4th quarter worth approximately $211,000. First Republic Investment Management Inc. purchased a new stake in AutoZone during the 4th quarter worth approximately $202,000. Bfsg LLC purchased a new stake in AutoZone during the 4th quarter worth approximately $213,000. Fuller & Thaler Asset Management Inc. purchased a new stake in AutoZone during the 3rd quarter worth approximately $179,000. Finally, Paragon Capital Management Ltd purchased a new stake in AutoZone during the 4th quarter worth approximately $213,000. Institutional investors own 95.82% of the company’s stock.
In related news, insider James C. Griffith sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $794.70, for a total value of $993,375.00. Following the transaction, the insider now directly owns 1,353 shares in the company, valued at $1,075,229.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard Craig Smith sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $760.00, for a total value of $2,052,000.00. Following the completion of the transaction, the vice president now owns 4,500 shares in the company, valued at $3,420,000. The disclosure for this sale can be found here. Insiders sold 18,887 shares of company stock worth $14,165,983 over the last quarter. 2.60% of the stock is currently owned by insiders.
Several equities research analysts have commented on AZO shares. Zacks Investment Research lowered AutoZone from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Raymond James Financial reiterated a “hold” rating on shares of AutoZone in a research note on Saturday, December 2nd. Credit Suisse Group set a $790.00 price objective on AutoZone and gave the stock a “hold” rating in a research note on Thursday, January 4th. Stephens set a $840.00 price objective on AutoZone and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Finally, Citigroup boosted their price objective on AutoZone to $820.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $754.28.
AutoZone, Inc. (AZO) opened at $648.49 on Friday. The firm has a market capitalization of $17,683.99, a P/E ratio of 13.77, a PEG ratio of 1.03 and a beta of 0.85. AutoZone, Inc. has a twelve month low of $491.13 and a twelve month high of $797.89. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27.
AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, February 27th. The company reported $8.47 EPS for the quarter, missing analysts’ consensus estimates of $8.81 by ($0.34). AutoZone had a net margin of 12.00% and a negative return on equity of 85.64%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the company posted $7.75 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. research analysts predict that AutoZone, Inc. will post 49.56 earnings per share for the current year.
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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 October 27, 2016, the Company operated through 6,029 locations in the United States, Puerto Rico, Mexico and Brazil.
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