Amica Pension Fund Board of Trustees continued to hold its position in shares of AutoZone, Inc. (NYSE:AZO) during the first quarter, Holdings Channel reports. The fund owned 3,682 shares of the company’s stock at the end of the first quarter. Amica Pension Fund Board of Trustees’ holdings in AutoZone were worth $2,662,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in AutoZone during the fourth quarter worth about $221,603,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in AutoZone during the fourth quarter worth about $165,221,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in AutoZone by 198.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 290,513 shares of the company’s stock worth $223,213,000 after buying an additional 193,200 shares during the last quarter. Two Sigma Advisers LP bought a new stake in AutoZone during the third quarter worth about $91,208,000. Finally, Russell Investments Group Ltd. bought a new stake in AutoZone during the fourth quarter worth about $92,872,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.
Shares of AutoZone, Inc. (NYSE:AZO) traded up 0.10% during midday trading on Friday, hitting $705.31. 281,328 shares of the company were exchanged. The company’s 50 day moving average price is $707.31 and its 200 day moving average price is $745.09. The firm has a market cap of $20.04 billion, a P/E ratio of 16.54 and a beta of 0.58. AutoZone, Inc. has a one year low of $680.00 and a one year high of $819.54.
AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, February 28th. The company reported $8.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.20 by $0.12. AutoZone had a net margin of 11.77% and a negative return on equity of 69.22%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the company earned $7.43 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. Equities analysts expect that AutoZone, Inc. will post $45.27 EPS for the current year.
A number of equities research analysts have issued reports on AZO shares. BTIG Research reiterated a “buy” rating and issued a $900.00 target price on shares of AutoZone in a research note on Tuesday, January 24th. Credit Suisse Group AG set a $812.00 target price on AutoZone and gave the company a “buy” rating in a research note on Wednesday, March 1st. Cleveland Research cut AutoZone from a “buy” rating to a “neutral” rating in a research note on Monday, April 3rd. Zacks Investment Research upgraded AutoZone from a “hold” rating to a “buy” rating and set a $873.00 target price on the stock in a research note on Tuesday, January 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $810.00 target price on shares of AutoZone in a research note on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. AutoZone currently has a consensus rating of “Buy” and a consensus price target of $862.50.
In other news, Director Earl G. Graves, Jr. sold 1,000 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $714.96, for a total transaction of $714,960.00. Following the transaction, the director now owns 4,431 shares of the company’s stock, valued at $3,167,987.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William W. Graves sold 12,000 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $736.78, for a total value of $8,841,360.00. Following the transaction, the insider now directly owns 14,667 shares in the company, valued at approximately $10,806,352.26. The disclosure for this sale can be found here. Insiders have sold 27,300 shares of company stock worth $19,917,242 in the last ninety days. 2.60% of the stock is currently owned by 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.
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