Texas Permanent School Fund decreased its holdings in AutoZone, Inc. (NYSE:AZO) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,855 shares of the company’s stock after selling 217 shares during the quarter. Texas Permanent School Fund’s holdings in AutoZone were worth $4,972,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of AZO. Norges Bank bought a new position in AutoZone in the 4th quarter valued at $209,031,000. Two Sigma Advisers LP raised its position in shares of AutoZone by 766.3% during the fourth quarter. Two Sigma Advisers LP now owns 271,957 shares of the company’s stock worth $227,992,000 after acquiring an additional 240,565 shares during the last quarter. Ackerman Capital Advisors LLC bought a new stake in shares of AutoZone during the fourth quarter worth $240,000. Iridian Asset Management LLC CT bought a new stake in shares of AutoZone during the fourth quarter worth $167,900,000. Finally, Investec Asset Management LTD raised its position in shares of AutoZone by 110.6% during the first quarter. Investec Asset Management LTD now owns 252,291 shares of the company’s stock worth $258,376,000 after acquiring an additional 132,508 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.
In related news, Director Earl G. Graves, Jr. sold 250 shares of AutoZone stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $1,038.68, for a total transaction of $259,670.00. Following the completion of the sale, the director now directly owns 4,357 shares of the company’s stock, valued at $4,525,528.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas B. Newbern sold 7,500 shares of AutoZone stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $995.92, for a total value of $7,469,400.00. Following the sale, the vice president now directly owns 12,073 shares of the company’s stock, valued at $12,023,742.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,640 shares of company stock valued at $10,370,907. 2.80% of the stock is owned by insiders.
Shares of AutoZone stock opened at $1,000.59 on Friday. AutoZone, Inc. has a 12 month low of $597.00 and a 12 month high of $1,074.67. The firm has a market cap of $24.90 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.35 and a beta of 0.67.
AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $11.49 EPS for the quarter, topping analysts’ consensus estimates of $9.97 by $1.52. AutoZone had a negative return on equity of 98.24% and a net margin of 12.49%. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the firm earned $8.47 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that AutoZone, Inc. will post 61.74 EPS for the current year.
AZO has been the subject of a number of recent research reports. Zacks Investment Research upgraded AutoZone from a “hold” rating to a “buy” rating and set a $979.00 target price for the company in a research report on Monday, February 11th. ValuEngine upgraded AutoZone from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Deutsche Bank boosted their target price on AutoZone from $960.00 to $1,035.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Bank of America upgraded AutoZone from a “neutral” rating to a “buy” rating in a research report on Monday, March 11th. Finally, Citigroup initiated coverage on AutoZone in a research report on Monday, April 1st. They set a “buy” rating and a $1,206.00 target price for the company. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. AutoZone has a consensus rating of “Buy” and an average price target of $994.50.
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AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.
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