Prospera Financial Services Inc bought a new position in shares of AutoZone, Inc. (NYSE:AZO) during the second quarter, Holdings Channel reports. The fund bought 1,645 shares of the company’s stock, valued at approximately $938,000.

A number of other large investors have also modified their holdings of AZO. BLS Capital Fondsmaeglerselskab A S purchased a new position in AutoZone during the fourth quarter valued at $12,767,000. Dimensional Fund Advisors LP boosted its position in AutoZone by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 56,575 shares of the company’s stock valued at $44,689,000 after buying an additional 367 shares during the last quarter. Quadrature Capital Ltd boosted its position in AutoZone by 6.8% in the fourth quarter. Quadrature Capital Ltd now owns 10,513 shares of the company’s stock valued at $8,318,000 after buying an additional 672 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in AutoZone by 0.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 105,543 shares of the company’s stock valued at $83,357,000 after buying an additional 544 shares during the last quarter. Finally, Kentucky Retirement Systems purchased a new position in AutoZone during the fourth quarter valued at $1,654,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of AutoZone, Inc. (NYSE AZO) traded up 0.89% during trading on Thursday, hitting $497.81. 169,084 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $565.59 and a 200-day moving average price of $679.04. The stock has a market cap of $13.95 billion, a P/E ratio of 11.50 and a beta of 0.62. AutoZone, Inc. has a one year low of $491.13 and a one year high of $818.00.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, May 23rd. The company reported $11.44 EPS for the quarter, missing the consensus estimate of $12.00 by $0.56. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm posted $10.77 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts expect that AutoZone, Inc. will post $44.01 EPS for the current fiscal year.

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Several research analysts have recently weighed in on AZO shares. Citigroup Inc. decreased their price target on shares of AutoZone from $920.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $900.00 target price on shares of AutoZone and gave the stock a “buy” rating in a research report on Tuesday, May 23rd. BTIG Research reiterated a “buy” rating and issued a $825.00 target price on shares of AutoZone in a research report on Wednesday, May 24th. CIBC reiterated a “buy” rating and issued a $900.00 target price on shares of AutoZone in a research report on Wednesday, May 24th. Finally, ValuEngine upgraded shares of AutoZone from a “hold” rating to a “buy” rating in a research report on Wednesday, May 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. AutoZone has a consensus rating of “Hold” and an average target price of $780.26.

In other AutoZone news, VP William T. Giles sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the transaction, the vice president now owns 18,500 shares in the company, valued at approximately $10,750,350. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $602.50, for a total transaction of $602,500.00. Following the transaction, the director now owns 4,431 shares in the company, valued at approximately $2,669,677.50. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

About AutoZone

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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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