Empirical Finance LLC Purchases New Holdings in AutoZone, Inc. (AZO)

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 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.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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