Liberty Mutual Group Asset Management Inc. Has $795,000 Holdings in AutoZone, Inc. (AZO)
Liberty Mutual Group Asset Management Inc. reduced its position in shares of AutoZone, Inc. (NYSE:AZO) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,117 shares of the company’s stock after selling 107 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in AutoZone were worth $795,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of AutoZone by 27.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock worth $764,272,000 after acquiring an additional 282,939 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of AutoZone during the 3rd quarter worth about $141,811,000. Ameriprise Financial Inc. lifted its holdings in shares of AutoZone by 802.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 236,396 shares of the company’s stock worth $140,681,000 after acquiring an additional 210,205 shares during the period. Sei Investments Co. lifted its holdings in shares of AutoZone by 1,989.1% during the 3rd quarter. Sei Investments Co. now owns 113,625 shares of the company’s stock worth $10,347,000 after acquiring an additional 108,186 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of AutoZone by 164.2% during the 4th quarter. Wells Fargo & Company MN now owns 114,901 shares of the company’s stock worth $81,738,000 after acquiring an additional 71,408 shares during the period. 95.03% of the stock is currently owned by institutional investors.
AZO has been the topic of several recent analyst reports. Deutsche Bank increased their price objective on shares of AutoZone from $625.00 to $700.00 in a report on Thursday, December 7th. Jefferies Group reiterated a “hold” rating and set a $720.00 price objective on shares of AutoZone in a report on Wednesday, December 6th. Wedbush restated a “neutral” rating and issued a $670.00 price target (down previously from $720.00) on shares of AutoZone in a report on Wednesday. Argus raised their price target on shares of AutoZone from $675.00 to $875.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research lowered shares of AutoZone from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $754.28.
Shares of AutoZone, Inc. (NYSE AZO) opened at $662.86 on Friday. The stock has a market cap of $18,040.16, a P/E ratio of 14.10, a PEG ratio of 1.07 and a beta of 0.85. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $797.89. The company has a debt-to-equity ratio of -3.27, a quick ratio of 0.14 and a current ratio of 0.93.
AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $8.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.81 by ($0.34). The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. AutoZone had a net margin of 12.00% and a negative return on equity of 85.64%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.75 EPS. sell-side analysts forecast that AutoZone, Inc. will post 48.5 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Liberty Mutual Group Asset Management Inc. Has $795,000 Holdings in AutoZone, Inc. (AZO)” was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2018/03/03/liberty-mutual-group-asset-management-inc-has-795000-holdings-in-autozone-inc-azo.html.
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 October 27, 2016, the Company operated through 6,029 locations in the United States, Puerto Rico, Mexico and Brazil.
Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO).
Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.