Gateway Investment Advisers LLC cut its position in AutoZone, Inc. (NYSE:AZO) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,755 shares of the company’s stock after selling 33 shares during the period. Gateway Investment Advisers LLC’s holdings in AutoZone were worth $1,001,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. National Pension Service increased its stake in shares of AutoZone by 7.4% in the first quarter. National Pension Service now owns 26,161 shares of the company’s stock worth $18,812,000 after buying an additional 1,812 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of AutoZone by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 9,050 shares of the company’s stock worth $6,543,000 after buying an additional 105 shares during the last quarter. Creative Planning increased its stake in shares of AutoZone by 0.4% in the first quarter. Creative Planning now owns 1,972 shares of the company’s stock worth $1,426,000 after buying an additional 8 shares during the last quarter. Manning & Napier Advisors LLC increased its stake in shares of AutoZone by 508.4% in the first quarter. Manning & Napier Advisors LLC now owns 53,480 shares of the company’s stock worth $38,667,000 after buying an additional 44,690 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of AutoZone by 1.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 26,745 shares of the company’s stock worth $19,338,000 after buying an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 96.08% of the company’s stock.
AutoZone, Inc. (AZO) traded up 1.64% during midday trading on Wednesday, hitting $524.59. The company had a trading volume of 542,164 shares. The stock’s 50-day moving average price is $523.60 and its 200-day moving average price is $645.05. The stock has a market cap of $14.70 billion, a PE ratio of 12.12 and a beta of 0.61. AutoZone, Inc. has a 52-week low of $491.13 and a 52-week high of $813.70.
AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 23rd. The company reported $11.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $12.00 by $0.56. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $10.77 earnings per share. On average, equities research analysts expect that AutoZone, Inc. will post $43.94 EPS for the current fiscal year.
A number of equities analysts have issued reports on AZO shares. Jefferies Group LLC reiterated a “hold” rating and set a $810.00 price target on shares of AutoZone in a research report on Tuesday, April 18th. Royal Bank Of Canada lowered their price target on AutoZone from $829.00 to $753.00 and set a “sector perform” rating on the stock in a research report on Monday, May 22nd. Raymond James Financial, Inc. downgraded AutoZone from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. set a $900.00 price target on AutoZone and gave the stock a “buy” rating in a research report on Tuesday, May 23rd. Finally, Citigroup Inc. downgraded AutoZone from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $775.91.
In other news, Director William Andrew Mckenna acquired 300 shares of the company’s stock in a transaction dated Thursday, July 13th. The stock was acquired at an average cost of $507.00 per share, for a total transaction of $152,100.00. Following the acquisition, the director now directly owns 5,131 shares in the company, valued at approximately $2,601,417. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $602.50, for a total value of $602,500.00. Following the sale, the director now owns 4,431 shares of the company’s stock, valued at $2,669,677.50. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
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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