Gabelli Funds LLC Takes $783,000 Position in AutoZone, Inc. (AZO)

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.

ILLEGAL ACTIVITY WARNING: “Gabelli Funds LLC Takes $783,000 Position in AutoZone, Inc. (AZO)” was published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.thelincolnianonline.com/2018/02/15/gabelli-funds-llc-takes-783000-position-in-autozone-inc-azo.html.

AutoZone 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.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply