Caisse DE Depot ET Placement DU Quebec increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 847,123 shares of the company’s stock after buying an additional 2,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 3.08% of AutoZone worth $506,252,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in AZO. Envestnet Asset Management Inc. grew its stake in shares of AutoZone by 49.5% in the third quarter. Envestnet Asset Management Inc. now owns 26,012 shares of the company’s stock worth $15,478,000 after acquiring an additional 8,613 shares in the last quarter. Nippon Life Global Investors Americas Inc. grew its stake in shares of AutoZone by 8.6% in the third quarter. Nippon Life Global Investors Americas Inc. now owns 10,430 shares of the company’s stock worth $6,207,000 after acquiring an additional 830 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of AutoZone by 69.3% in the third quarter. Private Advisor Group LLC now owns 889 shares of the company’s stock worth $527,000 after acquiring an additional 364 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its stake in shares of AutoZone by 25.8% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 167,716 shares of the company’s stock worth $99,809,000 after acquiring an additional 34,345 shares in the last quarter. Finally, Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new position in shares of AutoZone in the third quarter worth $10,719,000. 98.89% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director William Andrew Mckenna sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $584.96, for a total value of $1,754,880.00. Following the completion of the sale, the director now directly owns 8,131 shares of the company’s stock, valued at $4,756,309.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by corporate insiders.
Shares of AutoZone, Inc. (AZO) opened at $709.77 on Tuesday. AutoZone, Inc. has a 1 year low of $491.13 and a 1 year high of $813.70. The firm has a market cap of $18,650.93, a price-to-earnings ratio of 15.40, a P/E/G ratio of 1.25 and a beta of 0.72. The company has a quick ratio of 0.15, a current ratio of 0.97 and a debt-to-equity ratio of -3.56.
AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, beating analysts’ consensus estimates of $15.11 by $0.07. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The firm had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the company earned $14.30 earnings per share. AutoZone’s quarterly revenue was up 3.3% compared to the same quarter last year. equities analysts predict that AutoZone, Inc. will post 46.78 EPS for the current year.
A number of equities analysts recently commented on the stock. UBS reiterated a “buy” rating and set a $655.00 target price (down previously from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Credit Suisse Group reiterated a “buy” rating and set a $583.00 target price on shares of AutoZone in a research note on Wednesday, September 20th. Citigroup reiterated a “buy” rating and set a $700.00 target price on shares of AutoZone in a research note on Wednesday, September 20th. Bank of America reiterated a “buy” rating and set a $625.00 target price on shares of AutoZone in a research note on Tuesday, September 5th. Finally, Oppenheimer reiterated a “buy” rating on shares of AutoZone in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $729.20.
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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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