New Mexico Educational Retirement Board lifted its holdings in AutoZone, Inc. (NYSE:AZO) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,709 shares of the company’s stock after purchasing an additional 100 shares during the period. New Mexico Educational Retirement Board’s holdings in AutoZone were worth $1,927,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in AZO. JPMorgan Chase & Co. increased its stake in shares of AutoZone by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock valued at $764,272,000 after purchasing an additional 282,939 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of AutoZone in the 3rd quarter valued at about $141,811,000. Ameriprise Financial Inc. increased its stake in shares of AutoZone by 802.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 236,396 shares of the company’s stock valued at $140,681,000 after purchasing an additional 210,205 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of AutoZone by 47.1% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 590,132 shares of the company’s stock valued at $336,647,000 after purchasing an additional 188,854 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of AutoZone by 1,989.1% in the 3rd quarter. Sei Investments Co. now owns 113,625 shares of the company’s stock valued at $10,347,000 after purchasing an additional 108,186 shares in the last quarter. Hedge funds and other institutional investors own 98.02% of the company’s stock.
Shares of AutoZone, Inc. (NYSE:AZO) opened at $714.05 on Friday. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.14. The stock has a market capitalization of $19,531.41, a P/E ratio of 15.94, a PEG ratio of 1.09 and a beta of 0.74. AutoZone, Inc. has a 52-week low of $491.13 and a 52-week high of $797.89.
AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.90 by $0.10. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.54 billion. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $9.36 earnings per share. sell-side analysts predict that AutoZone, Inc. will post 49.64 EPS for the current fiscal year.
Several equities analysts recently weighed in on the company. Stephens set a $840.00 price target on AutoZone and gave the company a “hold” rating in a research note on Tuesday, January 16th. Argus boosted their price objective on AutoZone from $675.00 to $875.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Credit Suisse Group set a $790.00 price objective on AutoZone and gave the stock a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded AutoZone from a “hold” rating to a “buy” rating and set a $819.00 price objective for the company in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada boosted their price objective on AutoZone and gave the stock a “sector perform” rating in a research note on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the stock. AutoZone presently has a consensus rating of “Hold” and a consensus price target of $747.06.
In other news, CFO William T. Giles sold 24,200 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $710.79, for a total value of $17,201,118.00. Following the completion of the sale, the chief financial officer now directly owns 24,466 shares in the company, valued at $17,390,188.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William W. Graves sold 10,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $744.78, for a total value of $7,820,190.00. Following the completion of the sale, the insider now owns 12,574 shares of the company’s stock, valued at $9,364,863.72. The disclosure for this sale can be found here. Insiders sold 96,710 shares of company stock valued at $69,098,826 over the last 90 days. Company insiders own 2.60% of the company’s stock.
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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