AutoZone, Inc. (AZO) Holdings Trimmed by CIBC Asset Management Inc

CIBC Asset Management Inc lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,838 shares of the company’s stock after selling 120 shares during the quarter. CIBC Asset Management Inc’s holdings in AutoZone were worth $2,730,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in AutoZone during the 4th quarter valued at approximately $211,000. Bfsg LLC acquired a new stake in AutoZone during the 4th quarter valued at approximately $213,000. Fuller & Thaler Asset Management Inc. acquired a new stake in AutoZone during the 3rd quarter valued at approximately $179,000. Paragon Capital Management Ltd acquired a new stake in AutoZone during the 4th quarter valued at approximately $213,000. Finally, John G Ullman & Associates Inc. acquired a new stake in AutoZone during the 4th quarter valued at approximately $213,000. Hedge funds and other institutional investors own 99.00% of the company’s stock.

AZO has been the subject of a number of recent analyst reports. Robert W. Baird restated a “hold” rating and set a $590.00 price objective on shares of AutoZone in a research note on Friday, October 27th. Zacks Investment Research lowered AutoZone from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Raymond James Financial reiterated a “hold” rating on shares of AutoZone in a research report on Saturday, December 2nd. Credit Suisse Group set a $640.00 target price on AutoZone and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Citigroup lifted their target price on AutoZone to $820.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $747.06.

In related news, insider Albert Saltiel sold 2,150 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $703.09, for a total value of $1,511,643.50. Following the sale, the insider now owns 2,276 shares of the company’s stock, valued at approximately $1,600,232.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Charles Pleas III sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $700.00, for a total value of $7,000,000.00. Following the completion of the sale, the vice president now directly owns 14,377 shares in the company, valued at approximately $10,063,900. The disclosure for this sale can be found here. In the last three months, insiders sold 96,710 shares of company stock worth $69,098,826. Company insiders own 2.60% of the company’s stock.

AutoZone, Inc. (AZO) opened at $718.57 on Friday. The company has a market capitalization of $19,922.03, a P/E ratio of 16.31, a PEG ratio of 1.11 and a beta of 0.74. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.14. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $797.89.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.90 by $0.10. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $9.36 EPS. research analysts expect that AutoZone, Inc. will post 49.64 earnings per share for the current 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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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