Ladenburg Thalmann Financial Services Inc. boosted its position in AutoZone, Inc. (NYSE:AZO) by 71.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 641 shares of the company’s stock after acquiring an additional 268 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in AutoZone were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of AZO. Fieldpoint Private Securities LLC acquired a new position in shares of AutoZone during the second quarter worth about $114,000. Salem Investment Counselors Inc. lifted its stake in shares of AutoZone by 3.5% during the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after purchasing an additional 9 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of AutoZone during the third quarter worth about $179,000. Jarislowsky Fraser Ltd acquired a new position in shares of AutoZone during the third quarter worth about $202,000. Finally, Wesbanco Bank Inc. lifted its stake in shares of AutoZone by 17.7% during the second quarter. Wesbanco Bank Inc. now owns 365 shares of the company’s stock worth $208,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 99.33% of the company’s stock.
AZO has been the topic of a number of recent research reports. Deutsche Bank boosted their price objective on AutoZone from $625.00 to $700.00 in a research note on Thursday, December 7th. Barclays boosted their price objective on AutoZone from $710.00 to $800.00 in a research note on Thursday, December 7th. UBS Group restated a “buy” rating and set a $655.00 price objective (down previously from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Credit Suisse Group restated a “buy” rating and set a $583.00 price objective on shares of AutoZone in a research note on Wednesday, September 20th. Finally, Citigroup reiterated a “buy” rating and issued a $700.00 price target on shares of AutoZone in a research note on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $726.06.
In other news, CFO William T. Giles sold 24,200 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $710.79, for a total transaction of $17,201,118.00. Following the completion of the transaction, the chief financial officer now directly owns 24,466 shares of the company’s stock, valued at $17,390,188.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Albert Saltiel sold 2,150 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 2,276 shares of the company’s stock, valued at $1,600,232.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,173 shares of company stock valued at $66,316,676. 2.80% of the stock is owned by corporate insiders.
Shares of AutoZone, Inc. (NYSE:AZO) opened at $773.31 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.93 and a debt-to-equity ratio of -3.27. The firm has a market capitalization of $21,150.00, a PE ratio of 17.22, a P/E/G ratio of 1.42 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $491.13 and a fifty-two week high of $793.30.
AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $9.90 by $0.10. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.54 billion. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. AutoZone’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $9.36 earnings per share. equities analysts anticipate that AutoZone, Inc. will post 46.73 EPS for the current year.
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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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