Credit Suisse AG raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 11.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,661 shares of the company’s stock after buying an additional 11,963 shares during the period. Credit Suisse AG owned 0.42% of AutoZone worth $86,520,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. Stevens Capital Management LP increased its stake in shares of AutoZone by 79.3% in the first quarter. Stevens Capital Management LP now owns 7,688 shares of the company’s stock valued at $5,559,000 after buying an additional 3,400 shares in the last quarter. BTIM Corp. increased its stake in shares of AutoZone by 6.9% in the first quarter. BTIM Corp. now owns 15,462 shares of the company’s stock valued at $11,180,000 after buying an additional 1,002 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of AutoZone by 0.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 105,543 shares of the company’s stock valued at $83,357,000 after buying an additional 544 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of AutoZone by 2.2% in the first quarter. Pacer Advisors Inc. now owns 507 shares of the company’s stock valued at $367,000 after buying an additional 11 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of AutoZone by 5.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 448 shares of the company’s stock valued at $324,000 after buying an additional 23 shares in the last quarter. Institutional investors own 96.85% of the company’s stock.
AutoZone, Inc. (NYSE AZO) traded down 0.40% during midday trading on Friday, hitting $526.92. The stock had a trading volume of 680,122 shares. AutoZone, Inc. has a 52 week low of $491.13 and a 52 week high of $817.74. The company has a market cap of $14.77 billion, a PE ratio of 12.17 and a beta of 0.62. The stock’s 50 day moving average price is $548.13 and its 200-day moving average price is $668.54.
AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, May 23rd. The company reported $11.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $12.00 by $0.56. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. AutoZone had a negative return on equity of 70.52% and a net margin of 11.82%. AutoZone’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $10.77 earnings per share. Equities research analysts predict that AutoZone, Inc. will post $43.98 earnings per share for the current year.
Several analysts have recently weighed in on AZO shares. Barclays PLC lowered their target price on AutoZone from $870.00 to $710.00 and set an “overweight” rating for the company in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) upgraded AutoZone from a “neutral” rating to a “buy” rating and raised their target price for the company from $615.62 to $662.00 in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of AutoZone in a research note on Tuesday, June 20th. Wedbush restated a “neutral” rating on shares of AutoZone in a research note on Thursday, July 6th. Finally, Wolfe Research downgraded AutoZone from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $775.91.
In other news, Director Earl G. Graves, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $602.50, for a total transaction of $602,500.00. Following the transaction, the director now directly owns 4,431 shares in the company, valued at $2,669,677.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Andrew Mckenna bought 300 shares of AutoZone stock in a transaction dated Thursday, July 13th. The shares were bought at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the completion of the transaction, the director now directly owns 5,131 shares of the company’s stock, valued at approximately $2,601,417. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by corporate insiders.
AutoZone Company 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.
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