Psagot Investment House Ltd. purchased a new position in AutoZone, Inc. (NYSE:AZO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,647 shares of the company’s stock, valued at approximately $3,361,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its position in AutoZone by 5.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 3,807 shares of the company’s stock valued at $2,266,000 after acquiring an additional 204 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in AutoZone by 5.2% during the third quarter. Citizens Financial Group Inc. RI now owns 1,734 shares of the company’s stock valued at $1,032,000 after acquiring an additional 86 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in AutoZone by 49.5% during the third quarter. Envestnet Asset Management Inc. now owns 26,012 shares of the company’s stock valued at $15,478,000 after acquiring an additional 8,613 shares during the last quarter. Nippon Life Global Investors Americas Inc. lifted its position in AutoZone by 8.6% during the third quarter. Nippon Life Global Investors Americas Inc. now owns 10,430 shares of the company’s stock valued at $6,207,000 after acquiring an additional 830 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in AutoZone by 69.3% during the third quarter. Private Advisor Group LLC now owns 889 shares of the company’s stock valued at $527,000 after acquiring an additional 364 shares during the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on AZO. Credit Suisse Group set a $640.00 target price on shares of AutoZone and gave the company a “buy” rating in a research report on Wednesday, November 1st. Moffett Nathanson began coverage on shares of AutoZone in a research report on Monday. They set a “neutral” rating for the company. UBS reissued a “buy” rating and set a $750.00 target price (down previously from $810.00) on shares of AutoZone in a research report on Wednesday. Royal Bank Of Canada increased their target price on shares of AutoZone and gave the company a “sector perform” rating in a research report on Wednesday. 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 analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. AutoZone currently has a consensus rating of “Hold” and an average target price of $730.70.
AutoZone, Inc. (AZO) opened at $698.65 on Thursday. The company has a debt-to-equity ratio of -3.56, a quick ratio of 0.15 and a current ratio of 0.97. AutoZone, Inc. has a 52 week low of $491.13 and a 52 week high of $813.70. The stock has a market cap of $19,595.57, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 1.31 and a beta of 0.72.
AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $9.90 by $0.10. AutoZone had a net margin of 11.66% and a negative return on equity of 77.27%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the business posted $9.36 EPS. AutoZone’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities research analysts expect that AutoZone, Inc. will post 46.78 earnings per share for the current fiscal year.
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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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