Candriam Luxembourg S.C.A. Acquires 703 Shares of AutoZone, Inc. (NYSE:AZO)
Candriam Luxembourg S.C.A. raised its position in shares of AutoZone, Inc. (NYSE:AZO) by 35.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,709 shares of the company’s stock after buying an additional 703 shares during the period. Candriam Luxembourg S.C.A.’s holdings in AutoZone were worth $1,545,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. American Beacon Advisors Inc. acquired a new stake in shares of AutoZone during the first quarter worth approximately $104,000. Alpha Windward LLC raised its stake in shares of AutoZone by 0.8% in the first quarter. Alpha Windward LLC now owns 251 shares of the company’s stock worth $181,000 after buying an additional 2 shares during the period. Colony Group LLC acquired a new stake in shares of AutoZone during the first quarter worth approximately $205,000. Global X Management Co. LLC raised its stake in shares of AutoZone by 26.5% in the first quarter. Global X Management Co. LLC now owns 286 shares of the company’s stock worth $207,000 after buying an additional 60 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of AutoZone during the first quarter worth approximately $213,000. Institutional investors and hedge funds own 97.11% of the company’s stock.
AutoZone, Inc. (NYSE AZO) opened at 533.94 on Friday. The stock has a market capitalization of $14.97 billion, a P/E ratio of 12.33 and a beta of 0.61. The company has a 50 day moving average of $528.38 and a 200-day moving average of $650.21. AutoZone, Inc. has a one year low of $491.13 and a one year high of $813.70.
AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, May 23rd. The company reported $11.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $12.00 by $0.56. AutoZone had a negative return on equity of 70.52% and a net margin of 11.82%. The firm 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 earned $10.77 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. Equities research analysts predict that AutoZone, Inc. will post $43.99 earnings per share for the current fiscal year.
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A number of analysts have commented on the stock. TheStreet upgraded shares of AutoZone from a “d+” rating to a “c” rating in a research note on Wednesday, June 7th. BidaskClub upgraded shares of AutoZone from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. BTIG Research restated a “buy” rating and set a $825.00 price target on shares of AutoZone in a research note on Wednesday, May 24th. CIBC restated a “buy” rating and set a $900.00 price target on shares of AutoZone in a research note on Wednesday, May 24th. Finally, Wedbush lowered shares of AutoZone from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $660.00 to $650.00 in a research note on Tuesday, May 30th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. AutoZone has an average rating of “Hold” and an average price target of $775.91.
In other news, Director William Andrew Mckenna acquired 300 shares of AutoZone stock in a transaction on Thursday, July 13th. The shares were acquired at an average price of $507.00 per share, with a total value of $152,100.00. Following the purchase, the director now directly owns 5,131 shares in the company, valued at approximately $2,601,417. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP William T. Giles sold 10,000 shares of AutoZone stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total value of $5,811,000.00. Following the completion of the sale, 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.
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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