GSA Capital Partners LLP Invests $2.77 Million in AutoZone, Inc. (AZO) Stock

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.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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