Candriam Luxembourg S.C.A. cut its stake in AutoZone, Inc. (NYSE:AZO) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 2,383 shares of the company’s stock after selling 97 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in AutoZone were worth $1,695,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Midas Management Corp purchased a new position in shares of AutoZone in the fourth quarter valued at $3,522,000. Public Employees Retirement System of Ohio grew its position in AutoZone by 3.3% during the third quarter. Public Employees Retirement System of Ohio now owns 45,781 shares of the company’s stock worth $27,245,000 after buying an additional 1,483 shares in the last quarter. Dimensional Fund Advisors LP grew its position in AutoZone by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 58,155 shares of the company’s stock worth $34,604,000 after buying an additional 1,473 shares in the last quarter. AXA grew its position in AutoZone by 0.8% during the third quarter. AXA now owns 38,237 shares of the company’s stock worth $22,755,000 after buying an additional 300 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in AutoZone by 35.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 12,904 shares of the company’s stock worth $6,759,000 after buying an additional 3,379 shares in the last quarter. Institutional investors own 95.03% of the company’s stock.
In other news, insider James C. Griffith sold 3,623 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $698.17, for a total value of $2,529,469.91. Following the completion of the sale, the insider now owns 2,016 shares of the company’s stock, valued at approximately $1,407,510.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Albert Saltiel sold 2,150 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $703.09, for a total value of $1,511,643.50. Following the completion of the sale, the insider now directly owns 2,276 shares of the company’s stock, valued at approximately $1,600,232.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,710 shares of company stock valued at $69,098,826. Corporate insiders own 2.80% of the company’s stock.
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, topping the Thomson Reuters’ consensus estimate of $9.90 by $0.10. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the company posted $9.36 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. sell-side analysts forecast that AutoZone, Inc. will post 49.64 EPS for the current year.
AZO has been the subject of several recent analyst reports. Deutsche Bank boosted their target price on AutoZone from $625.00 to $700.00 in a research report on Thursday, December 7th. Jefferies Group restated a “hold” rating and set a $720.00 target price on shares of AutoZone in a research report on Wednesday, December 6th. Zacks Investment Research cut AutoZone from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Robert W. Baird restated a “hold” rating and set a $590.00 target price on shares of AutoZone in a research report on Friday, October 27th. Finally, Argus boosted their target price on AutoZone from $675.00 to $875.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. AutoZone presently has an average rating of “Hold” and an average price target of $747.06.
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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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