Marshfield Associates purchased a new stake in AutoZone, Inc. (NYSE:AZO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 74,943 shares of the company’s stock, valued at approximately $42,752,000. AutoZone accounts for about 3.2% of Marshfield Associates’ portfolio, making the stock its 17th largest position. Marshfield Associates owned about 0.27% of AutoZone as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. purchased a new stake in shares of AutoZone in the 1st quarter valued at approximately $104,000. Fieldpoint Private Securities LLC purchased a new stake in shares of AutoZone in the 2nd quarter valued at approximately $114,000. Alpha Windward LLC raised its stake in shares of AutoZone by 3.2% in the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after acquiring an additional 8 shares during the period. Salem Investment Counselors Inc. raised its stake in shares of AutoZone by 3.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after acquiring an additional 9 shares during the period. Finally, Global X Management Co. LLC raised its stake in shares of AutoZone by 12.9% in the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock valued at $184,000 after acquiring an additional 37 shares during the period. 96.77% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director William Andrew Mckenna sold 3,000 shares of AutoZone stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total value of $1,754,880.00. Following the completion of the sale, the director now owns 8,131 shares in the company, valued at $4,756,309.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.60% of the stock is currently owned by insiders.

AutoZone, Inc. (AZO) traded up 1.27% on Friday, reaching $597.23. 86,722 shares of the company’s stock traded hands. The firm has a market capitalization of $16.62 billion, a P/E ratio of 13.55 and a beta of 0.64. The stock has a 50-day moving average of $562.99 and a 200 day moving average of $596.55. AutoZone, Inc. has a 52 week low of $491.13 and a 52 week high of $813.70.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.11 by $0.07. The business had revenue of $3.51 billion during 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%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $14.30 earnings per share. On average, equities analysts expect that AutoZone, Inc. will post $46.98 EPS for the current fiscal year.

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AZO has been the topic of a number of research analyst reports. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of AutoZone in a research note on Tuesday, June 20th. Bank of America Corporation reissued a “buy” rating and issued a $625.00 price target on shares of AutoZone in a research note on Tuesday, September 5th. Citigroup Inc. reissued a “buy” rating and issued a $700.00 price target on shares of AutoZone in a research note on Wednesday, September 20th. Credit Suisse Group reissued a “buy” rating and issued a $583.00 price target on shares of AutoZone in a research note on Wednesday, September 20th. Finally, UBS AG reaffirmed a “buy” rating and set a $655.00 target price (down from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $735.85.

AutoZone 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.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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