Parametrica Management Ltd bought a new position in shares of AutoZone, Inc. (NYSE:AZO) during the second quarter, according to its most recent filing with the SEC. The firm bought 542 shares of the company’s stock, valued at approximately $309,000.
Other hedge funds have also bought and sold shares of the company. American Beacon Advisors Inc. purchased a new stake in shares of AutoZone during the first quarter worth $104,000. Alpha Windward LLC boosted its stake in shares of AutoZone by 3.2% in the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after buying an additional 8 shares during the last quarter. Colony Group LLC purchased a new stake in shares of AutoZone during the first quarter worth $205,000. Global X Management Co. LLC boosted its stake in shares of AutoZone by 26.5% in the first quarter. Global X Management Co. LLC now owns 286 shares of the company’s stock worth $207,000 after buying an additional 60 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of AutoZone during the first quarter worth $213,000. Hedge funds and other institutional investors own 96.08% of the company’s stock.
Shares of AutoZone, Inc. (NYSE AZO) opened at 524.59 on Thursday. AutoZone, Inc. has a one year low of $491.13 and a one year high of $813.70. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 12.12 and a beta of 0.61. The firm has a 50-day moving average of $523.60 and a 200 day moving average of $645.05.
AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, May 23rd. The company reported $11.44 earnings per share for the quarter, missing the consensus estimate of $12.00 by $0.56. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. AutoZone had a negative return on equity of 70.52% and a net margin of 11.82%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.77 EPS. Equities research analysts anticipate that AutoZone, Inc. will post $43.94 EPS for the current year.
A number of analysts have recently weighed in on AZO shares. Royal Bank Of Canada reduced their price objective on shares of AutoZone from $829.00 to $753.00 and set a “sector perform” rating for the company in a research note on Monday, May 22nd. Citigroup Inc. cut shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, May 23rd. Raymond James Financial, Inc. cut shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, May 23rd. Oppenheimer Holdings, Inc. set a $900.00 price objective on shares of AutoZone and gave the stock a “buy” rating in a research note on Tuesday, May 23rd. Finally, Stephens cut shares of AutoZone from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. AutoZone currently has a consensus rating of “Hold” and an average price target of $775.91.
In other news, Director William Andrew Mckenna acquired 300 shares of the stock in a transaction on Thursday, July 13th. The shares were purchased at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the transaction, the director now directly owns 5,131 shares of the company’s stock, valued at $2,601,417. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP William T. Giles sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total value of $5,811,000.00. Following the completion of the transaction, the vice president now owns 18,500 shares in the company, valued at approximately $10,750,350. The disclosure for this sale can be found here. 2.60% of the stock is owned by company 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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