Burgundy Asset Management Ltd. raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 0.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 592,020 shares of the company’s stock after purchasing an additional 1,888 shares during the period. AutoZone accounts for about 3.3% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its 6th biggest holding. Burgundy Asset Management Ltd. owned approximately 2.15% of AutoZone worth $352,317,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its holdings in AutoZone by 1.1% during the second quarter. Cetera Investment Advisers now owns 730 shares of the company’s stock valued at $417,000 after purchasing an additional 8 shares during the period. Nippon Life Insurance Co. grew its holdings in AutoZone by 0.4% during the second quarter. Nippon Life Insurance Co. now owns 2,022 shares of the company’s stock valued at $1,153,000 after purchasing an additional 8 shares during the period. Salem Investment Counselors Inc. grew its holdings in AutoZone by 3.5% during the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after purchasing an additional 9 shares during the period. Reliant Investment Management LLC grew its holdings in AutoZone by 2.1% during the second quarter. Reliant Investment Management LLC now owns 715 shares of the company’s stock valued at $408,000 after purchasing an additional 15 shares during the period. Finally, Vestor Capital LLC grew its holdings in AutoZone by 0.6% during the second quarter. Vestor Capital LLC now owns 3,398 shares of the company’s stock valued at $1,938,000 after purchasing an additional 21 shares during the period. 99.03% of the stock is owned by institutional investors and hedge funds.
In related news, insider Mark A. Finestone sold 13,500 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $711.37, for a total transaction of $9,603,495.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 80,823 shares of company stock valued at $56,687,723. 2.60% of the stock is owned by corporate insiders.
AutoZone, Inc. (AZO) opened at $701.23 on Friday. AutoZone, Inc. has a one year low of $491.13 and a one year high of $809.52. The company has a market capitalization of $19,307.22, a P/E ratio of 15.86, a P/E/G ratio of 1.30 and a beta of 0.72. 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 (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, beating analysts’ consensus estimates of $9.90 by $0.10. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the company earned $9.36 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. equities analysts anticipate that AutoZone, Inc. will post 46.73 EPS for the current year.
Several research firms have issued reports on AZO. UBS reissued a “buy” rating and set a $750.00 price target (down previously from $810.00) on shares of AutoZone in a report on Wednesday, December 6th. Barclays boosted their price target on AutoZone from $710.00 to $800.00 in a report on Thursday, December 7th. Jefferies Group reissued a “hold” rating and set a $720.00 price target on shares of AutoZone in a report on Wednesday, December 6th. Citigroup boosted their price target on AutoZone to $820.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. Finally, Guggenheim lowered AutoZone from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. AutoZone presently has a consensus rating of “Hold” and an average price target of $717.24.
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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