GSA Capital Partners LLP purchased a new position in shares of AutoZone, Inc. (NYSE:AZO) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,853 shares of the company’s stock, valued at approximately $2,768,000.
Other institutional investors have also bought and sold shares of the company. American Beacon Advisors Inc. bought a new position in AutoZone during the first quarter worth about $104,000. Alpha Windward LLC grew its holdings in AutoZone by 3.2% during the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after purchasing an additional 8 shares during the period. Colony Group LLC bought a new position in AutoZone during the first quarter worth about $205,000. Global X Management Co. LLC grew its holdings in AutoZone by 26.5% during the first quarter. Global X Management Co. LLC now owns 286 shares of the company’s stock worth $207,000 after purchasing an additional 60 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in AutoZone during the first quarter worth about $219,000. Institutional investors and hedge funds own 96.08% of the company’s stock.
AutoZone, Inc. (AZO) traded up 2.41% during midday trading on Wednesday, hitting $548.10. 196,270 shares of the stock were exchanged. The firm has a market capitalization of $15.36 billion, a P/E ratio of 12.66 and a beta of 0.62. The firm’s 50-day moving average price is $534.42 and its 200 day moving average price is $611.55. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $813.70.
AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $15.11 by $0.07. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. AutoZone’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $14.30 EPS. Analysts expect that AutoZone, Inc. will post $43.92 earnings per share for the current fiscal year.
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A number of research firms recently commented on AZO. Deutsche Bank AG reiterated a “hold” rating and set a $550.00 price target (down previously from $650.00) on shares of AutoZone in a report on Friday, July 21st. Wedbush reiterated a “neutral” rating on shares of AutoZone in a report on Thursday, July 6th. BidaskClub upgraded AutoZone from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. BTIG Research reiterated a “buy” rating and set a $825.00 price target on shares of AutoZone in a report on Wednesday, May 24th. Finally, Oppenheimer Holdings, Inc. reduced their price target on AutoZone and set an “outperform” rating for the company in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. AutoZone presently has an average rating of “Hold” and an average price target of $773.18.
In other AutoZone news, Director William Andrew Mckenna acquired 300 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The stock was bought at an average cost of $507.00 per share, with a total value of $152,100.00. Following the acquisition, the director now owns 5,131 shares in the company, valued at $2,601,417. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William T. Giles sold 10,000 shares of the firm’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 completion of the transaction, the vice president now directly owns 18,500 shares of the company’s stock, valued at $10,750,350. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.
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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