Schroder Investment Management Group Has $1.53 Million Holdings in AutoZone, Inc. (AZO)
Schroder Investment Management Group cut its holdings in AutoZone, Inc. (NYSE:AZO) by 82.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,731 shares of the company’s stock after selling 13,208 shares during the period. Schroder Investment Management Group’s holdings in AutoZone were worth $1,528,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of AZO. American Beacon Advisors Inc. acquired a new stake in AutoZone in the first quarter valued at $104,000. Alpha Windward LLC raised its stake in AutoZone by 3.2% in the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after buying an additional 8 shares in the last quarter. Global X Management Co. LLC raised its stake in AutoZone by 12.9% in the second quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock valued at $184,000 after buying an additional 37 shares in the last quarter. Colony Group LLC acquired a new stake in AutoZone in the first quarter valued at $205,000. Finally, Wesbanco Bank Inc. raised its stake in AutoZone by 17.7% in the second quarter. Wesbanco Bank Inc. now owns 365 shares of the company’s stock valued at $208,000 after buying an additional 55 shares in the last quarter. Institutional investors own 96.08% of the company’s stock.
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A number of analysts have weighed in on the company. Deutsche Bank AG restated a “hold” rating and issued a $550.00 price target (down from $650.00) on shares of AutoZone in a research note on Friday, July 21st. Wedbush restated a “neutral” rating on shares of AutoZone in a research note on Thursday, July 6th. BidaskClub upgraded AutoZone from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Oppenheimer Holdings, Inc. cut their price target on AutoZone and set an “outperform” rating on the stock in a research note on Thursday, July 20th. Finally, Zacks Investment Research upgraded AutoZone from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. AutoZone has a consensus rating of “Hold” and an average price target of $747.27.
AutoZone, Inc. (NYSE:AZO) opened at 574.03 on Friday. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $813.70. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 13.03 and a beta of 0.62. The company’s 50 day moving average price is $534.42 and its 200-day moving average price is $611.55.
AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, topping the consensus estimate of $15.11 by $0.07. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.49 billion. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. AutoZone’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $14.30 earnings per share. On average, analysts forecast that AutoZone, Inc. will post $47.03 EPS for the current year.
In other AutoZone news, Director William Andrew Mckenna acquired 300 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The shares were purchased at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the completion of the purchase, the director now directly owns 5,131 shares in the company, valued at $2,601,417. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP William T. Giles sold 10,000 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the sale, the vice president now owns 18,500 shares in the company, valued at approximately $10,750,350. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
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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