Dimensional Fund Advisors LP boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,155 shares of the company’s stock after acquiring an additional 1,473 shares during the period. Dimensional Fund Advisors LP’s holdings in AutoZone were worth $34,604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fieldpoint Private Securities LLC purchased a new position in AutoZone during the second quarter valued at $114,000. Salem Investment Counselors Inc. grew its stake in AutoZone by 3.5% during the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after acquiring an additional 9 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in AutoZone during the third quarter valued at $179,000. Jarislowsky Fraser Ltd purchased a new position in AutoZone during the third quarter valued at $202,000. Finally, Gyroscope Capital Management Group LLC grew its stake in AutoZone by 28.7% during the second quarter. Gyroscope Capital Management Group LLC now owns 408 shares of the company’s stock valued at $233,000 after acquiring an additional 91 shares in the last quarter. 99.33% of the stock is owned by institutional investors.

In related news, VP Richard Craig Smith sold 2,700 shares of AutoZone stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $760.00, for a total transaction of $2,052,000.00. Following the completion of the transaction, the vice president now directly owns 4,500 shares of the company’s stock, valued at approximately $3,420,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William T. Giles sold 24,200 shares of AutoZone stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $710.79, for a total transaction of $17,201,118.00. Following the transaction, the chief financial officer now directly owns 24,466 shares of the company’s stock, valued at $17,390,188.14. The disclosure for this sale can be found here. Insiders sold a total of 93,173 shares of company stock valued at $66,316,676 over the last three months. Corporate insiders own 2.60% of the company’s stock.

AutoZone, Inc. (NYSE:AZO) opened at $787.93 on Friday. AutoZone, Inc. has a 52 week low of $491.13 and a 52 week high of $793.30. The company has a market cap of $21,152.36, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.26 and a beta of 0.71. The company has a quick ratio of 0.14, a current ratio of 0.93 and a debt-to-equity ratio of -3.27.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, topping analysts’ consensus estimates of $9.90 by $0.10. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the company posted $9.36 EPS. The business’s revenue was up 4.9% on a year-over-year basis. sell-side analysts anticipate that AutoZone, Inc. will post 46.67 earnings per share for the current fiscal year.

Several research firms recently weighed in on AZO. Credit Suisse Group set a $790.00 target price on shares of AutoZone and gave the company a “hold” rating in a research note on Thursday, January 4th. Barclays raised their target price on shares of AutoZone from $710.00 to $800.00 in a research note on Thursday, December 7th. Deutsche Bank raised their target price on shares of AutoZone from $625.00 to $700.00 in a research note on Thursday, December 7th. Jefferies Group reaffirmed a “hold” rating and set a $720.00 target price on shares of AutoZone in a research note on Wednesday, December 6th. Finally, Royal Bank of Canada raised their target price on shares of AutoZone and gave the company a “sector perform” rating in a research note on Wednesday, December 6th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. AutoZone currently has a consensus rating of “Hold” and an average price target of $726.06.

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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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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