Daiwa Securities Group Inc. Sells 1,670 Shares of AutoZone, Inc. (AZO)
Daiwa Securities Group Inc. lessened its stake in shares of AutoZone, Inc. (NYSE:AZO) by 24.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,045 shares of the company’s stock after selling 1,670 shares during the period. Daiwa Securities Group Inc.’s holdings in AutoZone were worth $3,003,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. Alpha Windward LLC increased its stake in AutoZone by 3.2% during the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after acquiring an additional 8 shares during the period. Nippon Life Insurance Co. increased its stake in AutoZone by 0.4% during the 2nd quarter. Nippon Life Insurance Co. now owns 2,022 shares of the company’s stock worth $1,153,000 after acquiring an additional 8 shares during the period. Cetera Investment Advisers increased its stake in AutoZone by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 730 shares of the company’s stock worth $417,000 after acquiring an additional 8 shares during the period. Salem Investment Counselors Inc. increased 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 purchasing an additional 9 shares during the last quarter. Finally, Creative Planning increased its stake in shares of AutoZone by 0.7% in the 2nd quarter. Creative Planning now owns 1,986 shares of the company’s stock valued at $1,133,000 after purchasing an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.
In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the sale, the director now owns 8,131 shares in the company, valued at $4,756,309.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.
Several equities analysts have recently issued reports on the company. Citigroup Inc. reiterated a “buy” rating and issued a $700.00 price target on shares of AutoZone in a research note on Wednesday, September 20th. UBS AG reiterated a “buy” rating and issued a $655.00 price target (down previously from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Wedbush reiterated a “hold” rating and issued a $580.00 price target (down previously from $590.00) on shares of AutoZone in a research note on Wednesday, September 20th. Oppenheimer Holdings, Inc. reduced their price objective on AutoZone and set an “outperform” rating on the stock in a research report on Thursday, July 20th. Finally, Credit Suisse Group restated a “buy” rating and set a $583.00 price objective on shares of AutoZone in a research report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $724.45.
AutoZone, Inc. (NYSE:AZO) opened at $605.97 on Friday. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $813.70. The company has a quick ratio of 0.15, a current ratio of 0.97 and a debt-to-equity ratio of -3.56. The company has a market capitalization of $16,386.37, a P/E ratio of 13.53, a P/E/G ratio of 1.10 and a beta of 0.65.
AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share (EPS) 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 the consensus estimate of $3.49 billion. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $14.30 earnings per share. equities analysts expect that AutoZone, Inc. will post 46.78 EPS for the current year.
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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