Aperio Group LLC Boosts Stake in AutoZone, Inc. (AZO)

Aperio Group LLC lifted its stake in AutoZone, Inc. (NYSE:AZO) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,849 shares of the company’s stock after acquiring an additional 807 shares during the quarter. Aperio Group LLC’s holdings in AutoZone were worth $18,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in shares of AutoZone by 3.3% in the third quarter. Public Employees Retirement System of Ohio now owns 45,781 shares of the company’s stock worth $27,245,000 after acquiring an additional 1,483 shares during the last quarter. Numeric Investors LLC increased its stake in shares of AutoZone by 9.7% in the second quarter. Numeric Investors LLC now owns 2,150 shares of the company’s stock worth $1,226,000 after acquiring an additional 190 shares during the last quarter. AXA increased its stake in shares of AutoZone by 0.8% in the third quarter. AXA now owns 38,237 shares of the company’s stock worth $22,755,000 after acquiring an additional 300 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of AutoZone by 2.6% in the third quarter. Dimensional Fund Advisors LP now owns 58,155 shares of the company’s stock worth $34,604,000 after acquiring an additional 1,473 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of AutoZone by 35.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 12,904 shares of the company’s stock worth $6,759,000 after acquiring an additional 3,379 shares during the last quarter. 99.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of AutoZone, Inc. (NYSE:AZO) opened at $731.59 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27. AutoZone, Inc. has a fifty-two week low of $491.13 and a fifty-two week high of $797.89. The stock has a market cap of $20,010.00, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.16 and a beta of 0.74.

AutoZone (NYSE:AZO) last released 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 78.83%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the company earned $9.36 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. equities research analysts predict that AutoZone, Inc. will post 49.25 EPS for the current fiscal year.

In other AutoZone news, insider James C. Griffith sold 1,250 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $794.70, for a total transaction of $993,375.00. Following the completion of the sale, the insider now directly owns 1,353 shares in the company, valued at $1,075,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William W. Graves sold 10,500 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $744.78, for a total transaction of $7,820,190.00. Following the sale, the insider now owns 12,574 shares of the company’s stock, valued at $9,364,863.72. The disclosure for this sale can be found here. Insiders have sold 96,710 shares of company stock valued at $69,098,826 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Argus upped their price target on shares of AutoZone from $675.00 to $875.00 and gave the stock a “buy” rating in a research note on Friday. Credit Suisse Group set a $790.00 target price on shares of AutoZone and gave the stock a “hold” rating in a research report on Thursday, January 4th. Stephens set a $840.00 target price on shares of AutoZone and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Jefferies Group reissued a “hold” rating and set a $720.00 target price on shares of AutoZone in a research report on Wednesday, December 6th. Finally, UBS Group reissued a “buy” rating and set a $750.00 target price (down from $810.00) on shares of AutoZone in a research report on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $742.82.

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About AutoZone

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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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