Fuller & Thaler Asset Management Inc. Acquires New Holdings in AutoZone, Inc. (AZO)

Fuller & Thaler Asset Management Inc. acquired a new position in AutoZone, Inc. (NYSE:AZO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 300 shares of the company’s stock, valued at approximately $179,000.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in AutoZone by 59.7% during the second quarter. JPMorgan Chase & Co. now owns 1,018,416 shares of the company’s stock valued at $580,966,000 after acquiring an additional 380,824 shares during the period. Nordea Investment Management AB boosted its holdings in AutoZone by 44.9% during the second quarter. Nordea Investment Management AB now owns 1,027,095 shares of the company’s stock valued at $585,917,000 after acquiring an additional 318,188 shares during the period. Koch Industries Inc. bought a new stake in AutoZone during the second quarter valued at about $297,000. CI Global Investments Inc. boosted its holdings in AutoZone by 437.2% during the second quarter. CI Global Investments Inc. now owns 321,207 shares of the company’s stock valued at $183,236,000 after acquiring an additional 261,417 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in AutoZone by 802.6% during the third quarter. Ameriprise Financial Inc. now owns 236,396 shares of the company’s stock valued at $140,681,000 after acquiring an additional 210,205 shares during the period. Hedge funds and other institutional investors own 98.66% of the company’s stock.

In related news, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction dated Thursday, September 28th. The shares were 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 owns 8,131 shares of the company’s stock, valued at $4,756,309.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.

AutoZone, Inc. (AZO) opened at $632.98 on Monday. AutoZone, Inc. has a 52-week low of $491.13 and a 52-week high of $813.70. The company has a debt-to-equity ratio of -3.56, a current ratio of 0.97 and a quick ratio of 0.15. The stock has a market cap of $17,400.00, a PE ratio of 14.37, a P/E/G ratio of 1.17 and a beta of 0.65.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $15.11 by $0.07. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the business posted $14.30 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. analysts expect that AutoZone, Inc. will post 46.78 EPS for the current fiscal year.

A number of research firms have issued reports on AZO. Zacks Investment Research cut shares of AutoZone from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Credit Suisse Group set a $640.00 price target on shares of AutoZone and gave the company a “buy” rating in a report on Wednesday, November 1st. Robert W. Baird restated a “hold” rating and set a $590.00 price target on shares of AutoZone in a report on Friday, October 27th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of AutoZone in a research note on Thursday, September 21st. Finally, Stephens reiterated a “hold” rating and issued a $550.00 target price (down previously from $620.00) on shares of AutoZone in a research note 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $724.45.

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AutoZone 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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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