Green Square Capital LLC cut its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 30.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 434 shares of the company’s stock after selling 188 shares during the period. Green Square Capital LLC’s holdings in AutoZone were worth $258,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of AZO. Vanguard Group Inc. lifted its position in AutoZone by 1.7% in the second quarter. Vanguard Group Inc. now owns 1,899,758 shares of the company’s stock worth $1,083,735,000 after purchasing an additional 32,542 shares during the period. FMR LLC lifted its position in AutoZone by 6.7% in the second quarter. FMR LLC now owns 1,864,473 shares of the company’s stock worth $1,063,608,000 after purchasing an additional 117,019 shares during the period. State Street Corp lifted its position in AutoZone by 5.1% in the second quarter. State Street Corp now owns 1,363,261 shares of the company’s stock worth $777,679,000 after purchasing an additional 66,734 shares during the period. JPMorgan Chase & Co. lifted its position in AutoZone by 27.8% in the third quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock worth $764,272,000 after purchasing an additional 282,939 shares during the period. Finally, Nordea Investment Management AB lifted its position in AutoZone by 4.4% in the third quarter. Nordea Investment Management AB now owns 1,072,553 shares of the company’s stock worth $638,287,000 after purchasing an additional 45,458 shares during the period. Institutional investors and hedge funds own 99.03% of the company’s stock.
In other news, Director William Andrew Mckenna sold 3,000 shares of the company’s stock in a transaction on 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 transaction, the director now directly 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 available at this hyperlink. Also, insider James C. Griffith sold 3,623 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $698.17, for a total transaction of $2,529,469.91. Following the completion of the transaction, the insider now directly owns 2,016 shares in the company, valued at $1,407,510.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,823 shares of company stock worth $56,687,723. Company insiders own 2.60% of the company’s stock.
Shares of AutoZone, Inc. (NYSE AZO) opened at $708.21 on Thursday. The company has a debt-to-equity ratio of -3.27, a quick ratio of 0.14 and a current ratio of 0.93. AutoZone, Inc. has a one year low of $491.13 and a one year high of $809.52. The stock has a market cap of $19,384.64, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.31 and a beta of 0.72.
AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.90 by $0.10. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the business earned $9.36 EPS. The company’s revenue was up 4.9% on a year-over-year basis. equities research analysts anticipate that AutoZone, Inc. will post 46.73 earnings per share for the current year.
AZO has been the subject of a number of research analyst reports. Robert W. Baird restated a “hold” rating and issued a $590.00 target price on shares of AutoZone in a research report on Friday, October 27th. Bank of America restated a “buy” rating and issued a $625.00 target price on shares of AutoZone in a research report on Tuesday, September 5th. Zacks Investment Research upgraded AutoZone from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Raymond James Financial reiterated a “hold” rating on shares of AutoZone in a research report on Saturday, December 2nd. Finally, Credit Suisse Group set a $640.00 price objective on AutoZone and gave the company a “buy” rating in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $733.89.
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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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