APG Asset Management N.V. reduced its stake in AutoZone, Inc. (NYSE:AZO) by 5.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 85,984 shares of the company’s stock after selling 4,594 shares during the period. APG Asset Management N.V. owned 0.30% of AutoZone worth $62,171,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AZO. Commonwealth Bank of Australia boosted its position in shares of AutoZone by 27.6% in the third quarter. Commonwealth Bank of Australia now owns 162 shares of the company’s stock valued at $125,000 after buying an additional 35 shares during the last quarter. Alpha Windward LLC boosted its position in shares of AutoZone by 0.8% in the first quarter. Alpha Windward LLC now owns 251 shares of the company’s stock valued at $181,000 after buying an additional 2 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of AutoZone during the first quarter valued at about $213,000. Shelton Capital Management purchased a new position in shares of AutoZone during the fourth quarter valued at about $217,000. Finally, Paragon Capital Management Ltd purchased a new position in shares of AutoZone during the first quarter valued at about $217,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of AutoZone, Inc. (NYSE:AZO) traded up 0.10% during mid-day trading on Friday, reaching $705.31. The company had a trading volume of 281,328 shares. AutoZone, Inc. has a 52 week low of $680.00 and a 52 week high of $819.54. The stock has a 50 day moving average of $707.31 and a 200-day moving average of $745.09. The company has a market capitalization of $20.04 billion, a price-to-earnings ratio of 16.54 and a beta of 0.58.
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 analysts’ consensus estimates of $8.20 by $0.12. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.34 billion. AutoZone had a negative return on equity of 69.22% and a net margin of 11.77%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.43 EPS. On average, analysts expect that AutoZone, Inc. will post $45.27 earnings per share for the current fiscal year.
AZO has been the topic of several research reports. Zacks Investment Research raised AutoZone from a “hold” rating to a “buy” rating and set a $885.00 target price on the stock in a research report on Tuesday, January 10th. Credit Suisse Group AG set a $812.00 target price on AutoZone and gave the stock a “buy” rating in a research report on Wednesday, March 1st. BTIG Research reissued a “buy” rating and issued a $900.00 target price on shares of AutoZone in a research report on Wednesday, February 22nd. Guggenheim initiated coverage on AutoZone in a research report on Wednesday, January 18th. They issued a “buy” rating and a $880.00 target price on the stock. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $810.00 target price on shares of AutoZone in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. AutoZone has a consensus rating of “Buy” and a consensus target price of $862.50.
In other AutoZone news, insider William W. Graves sold 12,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $736.78, for a total transaction of $8,841,360.00. Following the transaction, the insider now owns 14,667 shares in the company, valued at $10,806,352.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rodney C. Halsell sold 14,300 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $724.54, for a total value of $10,360,922.00. Following the transaction, the insider now owns 3,966 shares in the company, valued at approximately $2,873,525.64. 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 quarter. 2.60% of the stock is currently owned by company insiders.
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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