Empirical Finance LLC purchased a new stake in AutoZone, Inc. (NYSE:AZO) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,324 shares of the company’s stock, valued at approximately $1,384,000.
Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of AutoZone by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,899,758 shares of the company’s stock valued at $1,083,735,000 after buying an additional 32,542 shares in the last quarter. FMR LLC boosted its holdings in shares of AutoZone by 6.7% in the 2nd quarter. FMR LLC now owns 1,864,473 shares of the company’s stock valued at $1,063,608,000 after buying an additional 117,019 shares in the last quarter. State Street Corp boosted its holdings in shares of AutoZone by 5.1% in the 2nd quarter. State Street Corp now owns 1,363,261 shares of the company’s stock valued at $777,679,000 after buying an additional 66,734 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of AutoZone by 44.9% in the 2nd quarter. Nordea Investment Management AB now owns 1,027,095 shares of the company’s stock valued at $585,917,000 after buying an additional 318,188 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of AutoZone by 59.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,018,416 shares of the company’s stock valued at $580,966,000 after buying an additional 380,824 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.
In other news, Director William Andrew Mckenna sold 3,000 shares of AutoZone stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the completion of the transaction, the director now directly owns 8,131 shares of the company’s stock, valued at approximately $4,756,309.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.60% of the stock is owned by insiders.
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AutoZone, Inc. (AZO) traded up $3.71 on Friday, reaching $606.41. 372,658 shares of the company’s stock were exchanged, compared to its average volume of 391,766. The company has a quick ratio of 0.15, a current ratio of 0.97 and a debt-to-equity ratio of -3.56. The stock has a market cap of $16,672.03, a price-to-earnings ratio of 13.76, a PEG ratio of 1.12 and a beta of 0.65. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $813.70.
AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, beating the consensus estimate of $15.11 by $0.07. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.49 billion. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $14.30 EPS. equities research analysts anticipate that AutoZone, Inc. will post 46.78 EPS for the current fiscal year.
A number of analysts have recently weighed in on the stock. Deutsche Bank AG restated a “hold” rating and issued a $550.00 price target (down from $650.00) on shares of AutoZone in a report on Friday, July 21st. Credit Suisse Group set a $640.00 price objective on shares of AutoZone and gave the company a “buy” rating in a research report on Wednesday. BidaskClub raised shares of AutoZone from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. decreased their price objective on shares of AutoZone and set an “outperform” rating for the company in a research report on Thursday, July 20th. Finally, Zacks Investment Research raised shares of AutoZone from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $724.45.
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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