Icon Advisers Inc. Co. Continues to Hold Position in AutoZone Inc. (AZO)
Icon Advisers Inc. Co. held its stake in AutoZone Inc. (NYSE:AZO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,800 shares of the company’s stock at the end of the third quarter. Icon Advisers Inc. Co.’s holdings in AutoZone were worth $1,383,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Cypress Asset Management Inc. TX increased its position in shares of AutoZone by 104.5% in the second quarter. Cypress Asset Management Inc. TX now owns 1,820 shares of the company’s stock worth $1,445,000 after buying an additional 930 shares during the period. Nordea Investment Management AB increased its position in shares of AutoZone by 166.3% in the second quarter. Nordea Investment Management AB now owns 757,122 shares of the company’s stock worth $601,034,000 after buying an additional 472,766 shares during the period. Pennsylvania Trust Co acquired a new position in shares of AutoZone during the second quarter worth about $200,000. Leavell Investment Management Inc. acquired a new position in shares of AutoZone during the second quarter worth about $298,000. Finally, Nisa Investment Advisors LLC increased its position in shares of AutoZone by 5.3% in the second quarter. Nisa Investment Advisors LLC now owns 7,927 shares of the company’s stock worth $6,292,000 after buying an additional 400 shares during the period. 94.06% of the stock is owned by institutional investors.
Shares of AutoZone Inc. (NYSE:AZO) traded down 0.89% on Wednesday, reaching $783.18. The company had a trading volume of 340,537 shares. The company has a 50 day moving average price of $755.41 and a 200 day moving average price of $767.85. AutoZone Inc. has a 52-week low of $681.01 and a 52-week high of $819.54. The stock has a market capitalization of $22.60 billion, a PE ratio of 19.24 and a beta of 0.61.
AutoZone (NYSE:AZO) last released its earnings results on Thursday, September 22nd. The company reported $14.30 earnings per share for the quarter, topping analysts’ consensus estimates of $14.25 by $0.05. The firm earned $3.40 billion during the quarter. AutoZone had a negative return on equity of 69.23% and a net margin of 11.67%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $12.75 earnings per share. On average, equities research analysts anticipate that AutoZone Inc. will post $45.44 earnings per share for the current year.
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A number of equities analysts have recently issued reports on the company. Morgan Stanley set a $820.00 target price on AutoZone and gave the stock a “hold” rating in a research note on Thursday, August 11th. Zacks Investment Research downgraded AutoZone from a “buy” rating to a “hold” rating in a research note on Tuesday. Credit Suisse Group AG reissued a “buy” rating and set a $814.00 target price on shares of AutoZone in a research note on Wednesday, November 23rd. Citigroup Inc. reissued a “buy” rating on shares of AutoZone in a research note on Thursday, August 25th. Finally, Susquehanna initiated coverage on AutoZone in a research note on Thursday, August 25th. They set a “neutral” rating and a $810.00 target price for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. AutoZone presently has an average rating of “Hold” and a consensus price target of $855.63.
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).
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