Delta Asset Management LLC TN held its position in AutoZone, Inc. (NYSE:AZO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 364 shares of the company’s stock at the end of the second quarter. Delta Asset Management LLC TN’s holdings in AutoZone were worth $208,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its position in AutoZone by 2,993.2% in the first quarter. BlackRock Inc. now owns 2,029,985 shares of the company’s stock valued at $1,467,778,000 after buying an additional 1,964,358 shares during the last quarter. OppenheimerFunds Inc. raised its position in AutoZone by 103.6% in the first quarter. OppenheimerFunds Inc. now owns 693,624 shares of the company’s stock valued at $501,525,000 after buying an additional 352,990 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in AutoZone during the first quarter valued at $114,285,000. JPMorgan Chase & Co. raised its position in shares of AutoZone by 24.5% in the first quarter. JPMorgan Chase & Co. now owns 637,592 shares of the company’s stock worth $461,012,000 after buying an additional 125,566 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its position in shares of AutoZone by 35.8% in the first quarter. Burgundy Asset Management Ltd. now owns 401,278 shares of the company’s stock worth $290,144,000 after buying an additional 105,796 shares in the last quarter. Institutional investors and hedge funds own 97.11% of the company’s stock.
Shares of AutoZone, Inc. (NYSE AZO) traded up 1.60% during midday trading on Friday, hitting $533.94. 373,200 shares of the company were exchanged. The stock’s 50-day moving average is $528.38 and its 200-day moving average is $650.21. The stock has a market cap of $14.97 billion, a PE ratio of 12.33 and a beta of 0.61. AutoZone, Inc. has a one year low of $491.13 and a one year high of $813.70.
AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, May 23rd. The company reported $11.44 earnings per share for the quarter, missing the consensus estimate of $12.00 by $0.56. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.77 EPS. Equities research analysts anticipate that AutoZone, Inc. will post $43.99 EPS for the current year.
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AZO has been the topic of a number of recent analyst reports. Oppenheimer Holdings, Inc. set a $900.00 price objective on shares of AutoZone and gave the stock a “buy” rating in a report on Tuesday, May 23rd. ValuEngine upgraded shares of AutoZone from a “hold” rating to a “buy” rating in a report on Wednesday, May 24th. Deutsche Bank AG cut their price objective on shares of AutoZone from $800.00 to $650.00 and set a “hold” rating on the stock in a report on Thursday, May 25th. Citigroup Inc. cut their price objective on shares of AutoZone from $920.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $810.00 price objective on shares of AutoZone in a report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. AutoZone presently has an average rating of “Hold” and an average target price of $775.91.
In other news, VP William T. Giles sold 10,000 shares of AutoZone stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the completion of the sale, the vice president now owns 18,500 shares in the company, valued at approximately $10,750,350. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William Andrew Mckenna acquired 300 shares of AutoZone stock in a transaction that occurred on Thursday, July 13th. The shares were purchased at an average cost of $507.00 per share, for a total transaction of $152,100.00. Following the purchase, the director now directly owns 5,131 shares in the company, valued at $2,601,417. The disclosure for this purchase can be found here. 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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