Parkwood LLC Has $204,000 Position in AutoZone, Inc. (NYSE:AZO)
Parkwood LLC decreased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 17.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 357 shares of the company’s stock after selling 78 shares during the period. Parkwood LLC’s holdings in AutoZone were worth $204,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Parametrica Management Ltd acquired a new stake in AutoZone during the second quarter valued at about $309,000. APG Asset Management N.V. raised its stake in AutoZone by 26.6% in the second quarter. APG Asset Management N.V. now owns 108,884 shares of the company’s stock valued at $62,114,000 after buying an additional 22,900 shares during the last quarter. Private Capital Management Inc. raised its stake in AutoZone by 145.9% in the second quarter. Private Capital Management Inc. now owns 910 shares of the company’s stock valued at $519,000 after buying an additional 540 shares during the last quarter. Manning & Napier Advisors LLC raised its stake in AutoZone by 87.9% in the second quarter. Manning & Napier Advisors LLC now owns 100,483 shares of the company’s stock valued at $57,320,000 after buying an additional 47,003 shares during the last quarter. Finally, US Bancorp DE raised its stake in AutoZone by 1.4% in the second quarter. US Bancorp DE now owns 2,944 shares of the company’s stock valued at $1,679,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 96.99% of the company’s stock.
AutoZone, Inc. (AZO) traded up 1.42% during trading on Friday, reaching $536.82. 259,669 shares of the company were exchanged. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $813.70. The stock has a market capitalization of $15.05 billion, a P/E ratio of 12.40 and a beta of 0.61. The company’s 50-day moving average price is $542.34 and its 200-day moving average price is $661.28.
AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, May 23rd. The company reported $11.44 earnings per share for the quarter, missing analysts’ consensus estimates of $12.00 by $0.56. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the business earned $10.77 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities analysts forecast that AutoZone, Inc. will post $43.99 EPS for the current year.
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Several research firms have issued reports on AZO. BidaskClub upgraded shares of AutoZone from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Deutsche Bank AG restated a “hold” rating and set a $550.00 price target (down from $650.00) on shares of AutoZone in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. cut their price target on shares of AutoZone and set an “outperform” rating for the company in a research report on Thursday, July 20th. Wolfe Research lowered shares of AutoZone from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Finally, Credit Suisse Group restated an “outperform” rating and set a $583.00 price target (down from $658.00) on shares of AutoZone in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. AutoZone currently has an average rating of “Hold” and an average price target of $775.91.
In related news, VP William T. Giles sold 10,000 shares of AutoZone stock in a transaction dated 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 completion of the sale, 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 this link. Also, Director William Andrew Mckenna acquired 300 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The shares were bought at an average price of $507.00 per share, with a total value of $152,100.00. Following the acquisition, the director now directly owns 5,131 shares in the company, valued at $2,601,417. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.
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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