Public Employees Retirement System of Ohio raised its stake in AutoZone, Inc. (NYSE:AZO) by 16.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 44,298 shares of the company’s stock after purchasing an additional 6,316 shares during the quarter. Public Employees Retirement System of Ohio owned 0.16% of AutoZone worth $25,270,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. lifted its position in AutoZone by 2,993.2% in the first quarter. BlackRock Inc. now owns 2,029,985 shares of the company’s stock valued at $1,467,778,000 after purchasing an additional 1,964,358 shares during the last quarter. Vanguard Group Inc. lifted its position in AutoZone by 1.7% in the second quarter. Vanguard Group Inc. now owns 1,899,758 shares of the company’s stock valued at $1,083,735,000 after purchasing an additional 32,542 shares during the last quarter. FMR LLC lifted its position in AutoZone by 6.7% in the second quarter. FMR LLC now owns 1,864,473 shares of the company’s stock valued at $1,063,608,000 after purchasing an additional 117,019 shares during the last quarter. State Street Corp lifted its position in AutoZone by 5.1% in the second quarter. State Street Corp now owns 1,363,261 shares of the company’s stock valued at $777,679,000 after purchasing an additional 66,734 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in AutoZone by 44.9% in the second quarter. Nordea Investment Management AB now owns 1,027,095 shares of the company’s stock valued at $585,917,000 after purchasing an additional 318,188 shares during the last quarter. Hedge funds and other institutional investors own 96.77% of the company’s stock.
In other news, Director William Andrew Mckenna sold 3,000 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $584.96, for a total value of $1,754,880.00. Following the completion of the transaction, the director now directly owns 8,131 shares of the company’s stock, valued at approximately $4,756,309.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.
Several analysts have weighed in on the company. Deutsche Bank AG reiterated a “hold” rating and issued a $550.00 price objective (down previously from $650.00) on shares of AutoZone in a research report on Friday, July 21st. Wedbush reiterated a “neutral” rating on shares of AutoZone in a research report on Thursday, July 6th. BidaskClub upgraded AutoZone from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. decreased their target price on AutoZone and set an “outperform” rating for the company in a report on Thursday, July 20th. Finally, Zacks Investment Research upgraded AutoZone from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. AutoZone has a consensus rating of “Hold” and a consensus target price of $735.85.
AutoZone, Inc. (AZO) traded up 1.60% during trading on Friday, reaching $599.16. The company’s stock had a trading volume of 294,548 shares. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $813.70. The firm’s 50-day moving average price is $566.57 and its 200 day moving average price is $594.86. The company has a market capitalization of $16.68 billion, a P/E ratio of 13.60 and a beta of 0.64.
AutoZone (NYSE:AZO) last released its quarterly earnings results 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 firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.49 billion. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $14.30 EPS. On average, analysts predict that AutoZone, Inc. will post $46.96 earnings per share for the current fiscal year.
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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