Fort L.P. lowered its position in AutoZone, Inc. (NYSE:AZO) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,365 shares of the company’s stock after selling 140 shares during the period. Fort L.P.’s holdings in AutoZone were worth $2,001,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Marco Investment Management LLC boosted its holdings in AutoZone by 0.4% in the fourth quarter. Marco Investment Management LLC now owns 2,682 shares of the company’s stock worth $3,195,000 after acquiring an additional 10 shares in the last quarter. First Republic Investment Management Inc. boosted its holdings in AutoZone by 1.1% in the fourth quarter. First Republic Investment Management Inc. now owns 938 shares of the company’s stock worth $1,118,000 after acquiring an additional 10 shares in the last quarter. Assetmark Inc. boosted its holdings in AutoZone by 4.6% in the fourth quarter. Assetmark Inc. now owns 252 shares of the company’s stock worth $300,000 after acquiring an additional 11 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of AutoZone by 2.7% in the first quarter. Douglas Lane & Associates LLC now owns 416 shares of the company’s stock valued at $352,000 after purchasing an additional 11 shares in the last quarter. Finally, AIA Investment Management Private Ltd increased its position in shares of AutoZone by 12.9% during the first quarter. AIA Investment Management Private Ltd now owns 96 shares of the company’s stock valued at $81,000 after acquiring an additional 11 shares during the last quarter. Institutional investors and hedge funds own 91.75% of the company’s stock.
Shares of NYSE AZO traded down $22.21 during mid-day trading on Thursday, hitting $1,104.67. The company had a trading volume of 9,716 shares, compared to its average volume of 304,065. The company has a market capitalization of $26.31 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 1.97 and a beta of 0.91. AutoZone, Inc. has a 1 year low of $684.91 and a 1 year high of $1,274.41. The stock’s 50-day moving average price is $1,078.67 and its 200-day moving average price is $1,071.47.
AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, May 26th. The company reported $14.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $13.80 by $0.59. The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.65 billion. AutoZone had a negative return on equity of 89.85% and a net margin of 12.90%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $15.99 earnings per share. As a group, research analysts forecast that AutoZone, Inc. will post 62.39 earnings per share for the current year.
In related news, VP Kristen C. Wright sold 1,890 shares of AutoZone stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,140.00, for a total transaction of $2,154,600.00. Following the completion of the sale, the vice president now owns 2,137 shares of the company’s stock, valued at $2,436,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael M. Calbert acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average cost of $886.00 per share, with a total value of $1,772,000.00. Following the purchase, the director now directly owns 835 shares of the company’s stock, valued at approximately $739,810. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by company insiders.
AZO has been the subject of a number of research analyst reports. Raymond James decreased their price target on AutoZone from $1,350.00 to $1,300.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Bank of America increased their price target on AutoZone from $950.00 to $1,070.00 and gave the company a “neutral” rating in a research report on Sunday, April 19th. Credit Suisse Group reissued a “buy” rating on shares of AutoZone in a research report on Wednesday, May 27th. JPMorgan Chase & Co. raised their target price on AutoZone from $1,190.00 to $1,265.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Finally, Goldman Sachs Group raised their target price on AutoZone from $967.00 to $1,105.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $1,215.88.
AutoZone Company Profile
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.
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