Fred Alger Management Inc. bought a new stake in AutoZone, Inc. (NYSE:AZO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,573 shares of the company’s stock, valued at approximately $1,830,000.

Other large investors have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of AutoZone in the 3rd quarter valued at $179,000. Jarislowsky Fraser Ltd acquired a new stake in shares of AutoZone in the 3rd quarter valued at $202,000. First Republic Investment Management Inc. acquired a new stake in shares of AutoZone in the 4th quarter valued at $202,000. Flagship Harbor Advisors LLC acquired a new position in AutoZone during the 4th quarter worth about $211,000. Finally, Bfsg LLC acquired a new position in AutoZone during the 4th quarter worth about $213,000. Institutional investors own 95.82% of the company’s stock.

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AutoZone, Inc. (NYSE:AZO) opened at $650.09 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27. AutoZone, Inc. has a 52-week low of $491.13 and a 52-week high of $797.89. The stock has a market cap of $17,801.99, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.04 and a beta of 0.85.

AutoZone (NYSE:AZO) last released its earnings results 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). AutoZone had a net margin of 12.00% and a negative return on equity of 85.64%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the company posted $7.75 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. equities research analysts anticipate that AutoZone, Inc. will post 49.24 earnings per share for the current year.

Several research analysts recently issued reports on AZO shares. Zacks Investment Research downgraded shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. UBS Group reiterated a “buy” rating and set a $750.00 price target (up previously from $655.00) on shares of AutoZone in a research report on Wednesday, November 29th. Raymond James Financial reiterated a “hold” rating on shares of AutoZone in a research report on Saturday, December 2nd. Moffett Nathanson started coverage on shares of AutoZone in a research report on Monday, December 4th. They set a “neutral” rating on the stock. Finally, Citigroup upped their price target on shares of AutoZone to $820.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $754.28.

In other AutoZone news, insider James C. Griffith sold 1,250 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $794.70, for a total transaction of $993,375.00. Following the transaction, the insider now directly owns 1,353 shares in the company, valued at approximately $1,075,229.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James C. Griffith sold 1,547 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $783.00, for a total transaction of $1,211,301.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,887 shares of company stock worth $14,165,983. Corporate insiders own 2.80% of the company’s stock.

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About AutoZone

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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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