AutoZone Inc. (AZO) Stake Held by FTB Advisors Inc.
FTB Advisors Inc. maintained its position in shares of AutoZone Inc. (NYSE:AZO) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 300 shares of the company’s stock at the end of the second quarter. FTB Advisors Inc.’s holdings in AutoZone were worth $238,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of AZO. Pennsylvania Trust Co purchased a new stake in AutoZone during the second quarter worth $200,000. BB&T Securities LLC bought a new position in shares of AutoZone during the first quarter valued at $239,000. Checchi Capital Advisers LLC raised its position in shares of AutoZone by 5.2% in the second quarter. Checchi Capital Advisers LLC now owns 347 shares of the company’s stock valued at $275,000 after buying an additional 17 shares in the last quarter. Leavell Investment Management Inc. bought a new position in shares of AutoZone during the second quarter valued at $298,000. Finally, Copper Rock Capital Partners LLC bought a new position in shares of AutoZone during the second quarter valued at $336,000. 95.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of AutoZone Inc. (NYSE:AZO) traded down 0.57% during trading on Friday, hitting $763.51. 243,329 shares of the stock traded hands. The company has a market cap of $22.23 billion, a PE ratio of 18.76 and a beta of 0.50. The company has a 50 day moving average of $751.04 and a 200-day moving average of $774.05. AutoZone Inc. has a 1-year low of $681.01 and a 1-year high of $819.54.
AutoZone (NYSE:AZO) last announced its quarterly earnings results on Thursday, September 22nd. The company reported $14.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.05. The firm had revenue of $3.40 billion for the quarter. AutoZone had a net margin of 11.67% and a negative return on equity of 69.23%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $12.75 EPS. On average, equities analysts anticipate that AutoZone Inc. will post $45.46 EPS for the current fiscal year.
Several research analysts have weighed in on the stock. Credit Suisse Group AG set a $870.00 price objective on shares of AutoZone and gave the stock a “buy” rating in a report on Saturday, September 17th. Zacks Investment Research lowered shares of AutoZone from a “hold” rating to a “sell” rating in a report on Thursday, September 1st. RBC Capital Markets reissued a “sector perform” rating and set a $855.00 price objective (down from $873.00) on shares of AutoZone in a report on Friday, September 23rd. TheStreet lowered shares of AutoZone from a “buy” rating to a “sell” rating in a report on Wednesday, September 28th. Finally, Susquehanna assumed coverage on shares of AutoZone in a report on Thursday, August 25th. They set a “neutral” rating and a $810.00 price objective for the company. Two analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $858.24.
In other news, Director Earl G. Graves, Jr. sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $795.24, for a total value of $795,240.00. Following the sale, the director now owns 4,127 shares of the company’s stock, valued at approximately $3,281,955.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas B. Newbern sold 16,870 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $799.82, for a total transaction of $13,492,963.40. Following the completion of the sale, the insider now directly owns 15,977 shares in the company, valued at approximately $12,778,724.14. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).
Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone Inc. (NYSE:AZO).
Receive News & Ratings for AutoZone Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone Inc. and related companies with MarketBeat.com's FREE daily email newsletter.