Russell Investments Group Ltd. decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 7.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,922 shares of the company’s stock after selling 10,108 shares during the quarter. Russell Investments Group Ltd. owned 0.43% of AutoZone worth $70,761,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new position in shares of AutoZone during the 2nd quarter valued at approximately $114,000. Alpha Windward LLC lifted its position in shares of AutoZone by 3.2% during the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after buying an additional 8 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of AutoZone by 3.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after buying an additional 9 shares in the last quarter. Global X Management Co. LLC lifted its position in shares of AutoZone by 12.9% during the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock valued at $184,000 after buying an additional 37 shares in the last quarter. Finally, Jarislowsky Fraser Ltd purchased a new position in shares of AutoZone during the 3rd quarter valued at approximately $202,000. Hedge funds and other institutional investors own 98.25% of the company’s stock.
In related news, Director William Andrew Mckenna sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the completion of the sale, the director now directly owns 8,131 shares of the company’s stock, valued at approximately $4,756,309.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.
AutoZone, Inc. (NYSE AZO) traded up $9.45 during midday trading on Friday, hitting $618.59. The stock had a trading volume of 286,100 shares, compared to its average volume of 457,105. AutoZone, Inc. has a fifty-two week low of $491.13 and a fifty-two week high of $813.70. The company has a debt-to-equity ratio of -3.56, a quick ratio of 0.15 and a current ratio of 0.97. The stock has a market cap of $17,210.00, a price-to-earnings ratio of 13.82, a PEG ratio of 1.12 and a beta of 0.65.
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 analysts’ consensus estimates 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 negative return on equity of 74.48% and a net margin of 11.76%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $14.30 EPS. equities research analysts expect that AutoZone, Inc. will post 46.78 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on AZO. Zacks Investment Research lowered AutoZone from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Credit Suisse Group set a $640.00 target price on AutoZone and gave the company a “buy” rating in a research report on Wednesday, November 1st. Robert W. Baird reiterated a “hold” rating and set a $590.00 target price on shares of AutoZone in a research report on Friday, October 27th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of AutoZone in a research report on Thursday, September 21st. Finally, Stephens reiterated a “hold” rating and set a $550.00 target price (down previously from $620.00) on shares of AutoZone in a research report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $724.45.
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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