Toronto Dominion Bank boosted its position in AutoZone, Inc. (NYSE:AZO) by 52.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,747 shares of the company’s stock after acquiring an additional 4,388 shares during the period. Toronto Dominion Bank’s holdings in AutoZone were worth $7,273,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Iberiabank Corp grew its stake in AutoZone by 32.0% in the 2nd quarter. Iberiabank Corp now owns 1,340 shares of the company’s stock worth $764,000 after acquiring an additional 325 shares during the period. Tobam purchased a new stake in AutoZone in the 2nd quarter worth approximately $3,912,000. State Street Corp grew its stake in AutoZone by 3.2% in the 1st quarter. State Street Corp now owns 1,296,527 shares of the company’s stock worth $937,455,000 after acquiring an additional 40,358 shares during the period. Bank of Montreal Can grew its stake in AutoZone by 8.9% in the 2nd quarter. Bank of Montreal Can now owns 42,228 shares of the company’s stock worth $24,089,000 after acquiring an additional 3,447 shares during the period. Finally, Private Management Group Inc. purchased a new stake in AutoZone in the 2nd quarter worth approximately $21,538,000. 96.72% of the stock is owned by hedge funds and other institutional investors.
AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, topping analysts’ consensus estimates of $15.11 by $0.07. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $14.30 EPS.
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Several analysts have recently issued reports on AZO shares. Stephens reissued a “hold” rating and set a $550.00 price objective (down from $620.00) on shares of AutoZone in a research note on Thursday, September 21st. Royal Bank Of Canada lowered their price objective on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 20th. Wedbush reissued a “hold” rating and set a $580.00 price objective (down from $590.00) on shares of AutoZone in a research note on Wednesday, September 20th. Zacks Investment Research raised shares of AutoZone from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of AutoZone in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $735.85.
In other news, Director William Andrew Mckenna sold 3,000 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is currently owned by company insiders.
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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