Amundi Pioneer Asset Management Inc. acquired a new stake in AutoZone, Inc. (NYSE:AZO) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 10,462 shares of the company’s stock, valued at approximately $7,442,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in shares of AutoZone in the 4th quarter worth $211,000. First Republic Investment Management Inc. bought a new position in shares of AutoZone in the 4th quarter worth $202,000. Bfsg LLC bought a new position in shares of AutoZone in the 4th quarter worth $213,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of AutoZone in the 3rd quarter worth $179,000. Finally, Paragon Capital Management Ltd bought a new position in shares of AutoZone in the 4th quarter worth $213,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.
In other AutoZone news, insider William W. Graves sold 10,500 shares of AutoZone stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $744.78, for a total value of $7,820,190.00. Following the sale, the insider now owns 12,574 shares of the company’s stock, valued at approximately $9,364,863.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Albert Saltiel sold 2,150 shares of AutoZone 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 in the company, valued at approximately $1,600,232.84. The disclosure for this sale can be found here. Insiders sold a total of 18,887 shares of company stock worth $14,165,983 in the last three months. Company insiders own 2.80% of the company’s stock.
AZO has been the topic of several recent research reports. Zacks Investment Research upgraded AutoZone from a “hold” rating to a “buy” rating and set a $819.00 price target on the stock in a research report on Tuesday, February 6th. Barclays raised their price target on AutoZone from $710.00 to $800.00 in a research report on Thursday, December 7th. UBS restated a “buy” rating and issued a $750.00 price target (up from $655.00) on shares of AutoZone in a research report on Wednesday, November 29th. Raymond James Financial restated a “hold” rating on shares of AutoZone in a research report on Saturday, December 2nd. Finally, Argus raised their price target on AutoZone from $675.00 to $875.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $754.28.
AutoZone, Inc. (NYSE AZO) opened at $651.48 on Tuesday. The company has a debt-to-equity ratio of -3.27, a quick ratio of 0.14 and a current ratio of 0.93. The firm has a market capitalization of $17,672.00, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.03 and a beta of 0.85. AutoZone, Inc. has a twelve month low of $491.13 and a twelve month high of $797.89.
AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, February 27th. The company reported $8.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.81 by ($0.34). AutoZone had a net margin of 12.00% and a negative return on equity of 85.64%. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the business earned $7.75 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. equities analysts predict that AutoZone, Inc. will post 49.56 EPS for the current year.
WARNING: “Amundi Pioneer Asset Management Inc. Acquires Shares of 10,462 AutoZone, Inc. (AZO)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/03/20/amundi-pioneer-asset-management-inc-acquires-shares-of-10462-autozone-inc-azo.html.
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 October 27, 2016, the Company operated through 6,029 locations in the United States, Puerto Rico, Mexico and Brazil.
Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.