AutoZone, Inc. (AZO) Position Decreased by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC cut its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 16.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,353 shares of the company’s stock after selling 1,439 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AutoZone were worth $5,231,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. AXA increased its holdings in shares of AutoZone by 0.8% during the 3rd quarter. AXA now owns 38,237 shares of the company’s stock worth $22,755,000 after acquiring an additional 300 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of AutoZone by 0.3% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 592,020 shares of the company’s stock worth $352,317,000 after acquiring an additional 1,888 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of AutoZone by 3.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 45,781 shares of the company’s stock worth $27,245,000 after acquiring an additional 1,483 shares during the last quarter. Gyroscope Capital Management Group LLC increased its holdings in shares of AutoZone by 31.6% during the 3rd quarter. Gyroscope Capital Management Group LLC now owns 537 shares of the company’s stock worth $320,000 after acquiring an additional 129 shares during the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in shares of AutoZone during the 3rd quarter worth approximately $503,000. 99.35% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on AZO shares. Robert W. Baird reissued a “hold” rating and set a $590.00 target price on shares of AutoZone in a report on Friday, October 27th. Zacks Investment Research lowered AutoZone from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Raymond James Financial reissued a “hold” rating on shares of AutoZone in a report on Saturday, December 2nd. Credit Suisse Group set a $640.00 target price on AutoZone and gave the stock a “buy” rating in a report on Wednesday, November 1st. Finally, Oppenheimer reissued a “buy” rating on shares of AutoZone in a report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. AutoZone has a consensus rating of “Hold” and an average target price of $726.06.
In other news, insider Philip B. Daniele sold 740 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $780.37, for a total transaction of $577,473.80. Following the sale, the insider now directly owns 1,058 shares of the company’s stock, valued at approximately $825,631.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO William T. Giles sold 24,200 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $710.79, for a total value of $17,201,118.00. Following the sale, the chief financial officer now directly owns 24,466 shares in the company, valued at $17,390,188.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,913 shares of company stock worth $66,894,150. Insiders own 2.80% of the company’s stock.
AutoZone, Inc. (NYSE AZO) opened at $781.02 on Wednesday. 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, Inc. has a 1-year low of $491.13 and a 1-year high of $791.64. The company has a market capitalization of $21,552.26, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71.
AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, beating analysts’ consensus estimates of $9.90 by $0.10. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the firm posted $9.36 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. equities research analysts predict that AutoZone, Inc. will post 47.25 earnings per share for the current year.
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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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