Wetherby Asset Management Inc. lifted its holdings in AutoZone, Inc. (NYSE:AZO) by 14.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 849 shares of the company’s stock after purchasing an additional 109 shares during the quarter. Wetherby Asset Management Inc.’s holdings in AutoZone were worth $604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the company. Virtu Financial LLC raised its stake in shares of AutoZone by 229.7% in the fourth quarter. Virtu Financial LLC now owns 2,084 shares of the company’s stock worth $1,482,000 after purchasing an additional 1,452 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of AutoZone by 542.1% in the fourth quarter. Schroder Investment Management Group now owns 6,010 shares of the company’s stock worth $4,275,000 after purchasing an additional 5,074 shares during the last quarter. Shell Asset Management Co. purchased a new position in shares of AutoZone in the fourth quarter worth $6,084,000. Arizona State Retirement System raised its stake in shares of AutoZone by 1.5% in the fourth quarter. Arizona State Retirement System now owns 10,926 shares of the company’s stock worth $7,772,000 after purchasing an additional 165 shares during the last quarter. Finally, Trexquant Investment LP raised its stake in shares of AutoZone by 85.0% in the fourth quarter. Trexquant Investment LP now owns 5,454 shares of the company’s stock worth $3,880,000 after purchasing an additional 2,506 shares during the last quarter. Hedge funds and other institutional investors own 95.03% of the company’s stock.
Shares of AutoZone, Inc. (NYSE AZO) opened at $714.05 on Tuesday. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.14. The company has a market capitalization of $19,530.00, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.09 and a beta of 0.74. AutoZone, Inc. has a 1 year low of $491.13 and a 1 year high of $797.89.
AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, topping analysts’ consensus estimates of $9.90 by $0.10. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.54 billion. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.36 earnings per share. sell-side analysts expect that AutoZone, Inc. will post 49.64 EPS for the current year.
AZO has been the subject of several recent analyst reports. Robert W. Baird restated a “hold” rating and issued a $590.00 price target on shares of AutoZone in a research note on Friday, October 27th. Zacks Investment Research cut AutoZone from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Raymond James Financial restated a “hold” rating on shares of AutoZone in a research note on Saturday, December 2nd. Credit Suisse Group set a $640.00 price target on AutoZone and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Citigroup boosted their price target on AutoZone to $820.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $747.06.
In other AutoZone news, insider James C. Griffith sold 1,250 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $794.70, for a total value of $993,375.00. Following the completion of the sale, the insider now owns 1,353 shares in the company, valued at $1,075,229.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Albert Saltiel sold 2,150 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now 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 90 days, insiders sold 96,710 shares of company stock valued at $69,098,826. Company insiders own 2.80% of the company’s stock.
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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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