Dimensional Fund Advisors LP raised its position in shares of AutoZone, Inc. (NYSE:AZO) by 0.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,593 shares of the company’s stock after buying an additional 18 shares during the period. Dimensional Fund Advisors LP’s holdings in AutoZone were worth $40,916,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in AZO. NorthCoast Asset Management LLC acquired a new position in shares of AutoZone during the first quarter worth about $736,000. Geode Capital Management LLC raised its position in shares of AutoZone by 5.8% in the first quarter. Geode Capital Management LLC now owns 274,257 shares of the company’s stock worth $198,016,000 after buying an additional 15,128 shares during the last quarter. Snyder Capital Management L P raised its position in shares of AutoZone by 16.9% in the first quarter. Snyder Capital Management L P now owns 5,347 shares of the company’s stock worth $3,866,000 after buying an additional 774 shares during the last quarter. Vanguard Group Inc. raised its position in shares of AutoZone by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,867,216 shares of the company’s stock worth $1,350,091,000 after buying an additional 29,681 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of AutoZone by 1.1% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,794 shares of the company’s stock worth $2,020,000 after buying an additional 30 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.
AutoZone, Inc. (AZO) opened at 511.46 on Friday. The company has a market capitalization of $14.34 billion, a P/E ratio of 11.81 and a beta of 0.62. The company’s 50-day moving average price is $562.64 and its 200-day moving average price is $677.76. AutoZone, Inc. has a 52 week low of $491.13 and a 52 week high of $818.00.
AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, May 23rd. The company reported $11.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $12.00 by $0.56. AutoZone had a negative return on equity of 70.52% and a net margin of 11.82%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the company posted $10.77 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities analysts forecast that AutoZone, Inc. will post $44.01 EPS for the current fiscal year.
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A number of brokerages have issued reports on AZO. Deutsche Bank AG reaffirmed a “hold” rating and issued a $550.00 target price (down from $650.00) on shares of AutoZone in a research report on Friday. Oppenheimer Holdings, Inc. cut their target price on AutoZone and set an “outperform” rating on the stock in a research report on Thursday. Wolfe Research lowered AutoZone from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $583.00 target price (down from $658.00) on shares of AutoZone in a research report on Monday, July 17th. Finally, Bank of America Corporation lowered AutoZone from a “buy” rating to a “neutral” rating and cut their target price for the company from $750.00 to $575.00 in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $775.91.
In other AutoZone news, Director William Andrew Mckenna purchased 300 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The stock was purchased at an average cost of $507.00 per share, with a total value of $152,100.00. Following the acquisition, the director now directly owns 5,131 shares of the company’s stock, valued at approximately $2,601,417. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, VP William T. Giles sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total value of $5,811,000.00. Following the sale, the vice president now directly owns 18,500 shares of the company’s stock, valued at $10,750,350. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
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 August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.
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