Gabelli Funds LLC acquired a new stake in AutoZone, Inc. (NYSE:AZO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,100 shares of the company’s stock, valued at approximately $783,000.
Several other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers raised its stake in shares of AutoZone by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 730 shares of the company’s stock valued at $417,000 after buying an additional 8 shares in the last quarter. Sentry Investment Management LLC raised its stake in shares of AutoZone by 3.4% in the 2nd quarter. Sentry Investment Management LLC now owns 2,273 shares of the company’s stock valued at $1,297,000 after buying an additional 74 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of AutoZone by 5.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,734 shares of the company’s stock valued at $1,032,000 after buying an additional 86 shares in the last quarter. Garrison Financial Corp raised its stake in shares of AutoZone by 1.8% in the 3rd quarter. Garrison Financial Corp now owns 5,116 shares of the company’s stock valued at $3,045,000 after buying an additional 89 shares in the last quarter. Finally, Osborne Partners Capital Management LLC raised its stake in shares of AutoZone by 1.3% in the 4th quarter. Osborne Partners Capital Management LLC now owns 7,170 shares of the company’s stock valued at $5,101,000 after buying an additional 90 shares in the last quarter. Institutional investors own 98.02% of the company’s stock.
In other AutoZone news, insider James C. Griffith sold 1,250 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $794.70, for a total transaction of $993,375.00. Following the sale, the insider now owns 1,353 shares of the company’s stock, valued at approximately $1,075,229.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Philip B. Daniele sold 740 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $780.37, for a total transaction of $577,473.80. Following the sale, the insider now directly owns 1,058 shares in the company, valued at approximately $825,631.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,710 shares of company stock worth $69,098,826. Insiders own 2.60% of the company’s stock.
Shares of AutoZone, Inc. (AZO) opened at $720.84 on Thursday. AutoZone, Inc. has a fifty-two week low of $491.13 and a fifty-two week high of $797.89. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27. The company has a market cap of $19,472.07, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.09 and a beta of 0.74.
AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, topping analysts’ consensus estimates of $9.90 by $0.10. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the firm earned $9.36 EPS. The company’s revenue was up 4.9% on a year-over-year basis. equities analysts forecast that AutoZone, Inc. will post 49.64 earnings per share for the current year.
AZO has been the subject of a number of recent research reports. Robert W. Baird restated a “hold” rating and issued a $590.00 price objective on shares of AutoZone in a research note on Friday, October 27th. Zacks Investment Research cut shares of AutoZone from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Raymond James Financial restated a “hold” rating on shares of AutoZone in a research note on Saturday, December 2nd. Credit Suisse Group set a $640.00 target price on shares of AutoZone and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Citigroup increased their target price on shares of AutoZone to $820.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $747.06.
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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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