Marshfield Associates Purchases Shares of 74,943 AutoZone, Inc. (AZO)
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, 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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