Rothschild Asset Management Inc. increased its position in AutoZone, Inc. (NYSE:AZO) by 18.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,278 shares of the company’s stock after buying an additional 201 shares during the period. Rothschild Asset Management Inc.’s holdings in AutoZone were worth $729,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Alpha Windward LLC raised its stake in AutoZone by 0.8% in the first quarter. Alpha Windward LLC now owns 251 shares of the company’s stock valued at $181,000 after buying an additional 2 shares in the last quarter. Creative Planning raised its stake in AutoZone by 0.4% in the first quarter. Creative Planning now owns 1,972 shares of the company’s stock valued at $1,426,000 after buying an additional 8 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in AutoZone by 1.2% in the first quarter. Wetherby Asset Management Inc. now owns 687 shares of the company’s stock valued at $497,000 after buying an additional 8 shares in the last quarter. Bristlecone Advisors LLC raised its stake in AutoZone by 1.2% in the first quarter. Bristlecone Advisors LLC now owns 856 shares of the company’s stock valued at $619,000 after buying an additional 10 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in AutoZone by 2.2% in the first quarter. Pacer Advisors Inc. now owns 507 shares of the company’s stock valued at $367,000 after buying an additional 11 shares in the last quarter. 97.11% of the stock is owned by institutional investors.

AutoZone, Inc. (NYSE:AZO) opened at 525.52 on Friday. The firm has a market cap of $14.73 billion, a price-to-earnings ratio of 12.14 and a beta of 0.61. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $813.70. The firm has a 50-day moving average of $529.68 and a 200 day moving average of $651.68.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, May 23rd. The company reported $11.44 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the firm posted $10.77 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Analysts expect that AutoZone, Inc. will post $43.99 earnings per share for the current fiscal year.

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Several research firms recently commented on AZO. Deutsche Bank AG cut their target price on shares of AutoZone from $800.00 to $650.00 and set a “hold” rating for the company in a research note on Thursday, May 25th. BTIG Research reissued a “buy” rating and set a $825.00 target price on shares of AutoZone in a research note on Wednesday, May 24th. CIBC reissued a “buy” rating and set a $900.00 target price on shares of AutoZone in a research note on Wednesday, May 24th. Oppenheimer Holdings, Inc. set a $900.00 target price on shares of AutoZone and gave the company a “buy” rating in a research note on Tuesday, May 23rd. Finally, Bank of America Corporation lowered shares of AutoZone from a “buy” rating to a “neutral” rating and cut their target price for the company from $750.00 to $575.00 in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $775.91.

In other AutoZone news, Director Earl G. Graves, Jr. sold 1,000 shares of AutoZone stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $602.50, for a total value of $602,500.00. Following the transaction, the director now owns 4,431 shares of the company’s stock, valued at $2,669,677.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP William T. Giles sold 10,000 shares of AutoZone 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 completion of the transaction, the vice president now directly owns 18,500 shares in the company, valued at approximately $10,750,350. 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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