2,948 Shares in AutoZone, Inc. (AZO) Acquired by Trexquant Investment LP

Trexquant Investment LP bought a new stake in shares of AutoZone, Inc. (NYSE:AZO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,948 shares of the company’s stock, valued at approximately $1,754,000. AutoZone makes up approximately 0.4% of Trexquant Investment LP’s holdings, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Fieldpoint Private Securities LLC acquired a new stake in AutoZone during the second quarter valued at approximately $114,000. Salem Investment Counselors Inc. boosted its holdings in AutoZone by 3.5% during the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after purchasing an additional 9 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of AutoZone in the 3rd quarter worth approximately $179,000. Global X Management Co. LLC boosted its holdings in shares of AutoZone by 12.9% in the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after acquiring an additional 37 shares in the last quarter. Finally, Jarislowsky Fraser Ltd acquired a new position in shares of AutoZone in the 3rd quarter worth approximately $202,000. Institutional investors own 98.89% of the company’s stock.

AutoZone, Inc. (AZO) opened at $712.76 on Wednesday. The stock has a market cap of $19,513.37, a price-to-earnings ratio of 16.11, a PEG ratio of 1.31 and a beta of 0.72. The company has a debt-to-equity ratio of -3.56, a current ratio of 0.97 and a quick ratio of 0.15. AutoZone, Inc. has a fifty-two week low of $491.13 and a fifty-two week high of $813.70.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $9.90 by $0.10. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.54 billion. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $9.36 EPS. sell-side analysts expect that AutoZone, Inc. will post 46.78 earnings per share for the current fiscal year.

AZO has been the topic of several recent analyst reports. Robert W. Baird reissued a “hold” rating and issued a $590.00 target price on shares of AutoZone in a report on Friday, October 27th. Bank of America reissued a “buy” rating and issued a $625.00 target price on shares of AutoZone in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of AutoZone from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Credit Suisse Group set a $640.00 price objective on shares of AutoZone and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Raymond James Financial restated a “hold” rating on shares of AutoZone in a research report on Saturday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. AutoZone currently has an average rating of “Hold” and an average target price of $735.20.

In other news, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the completion of the transaction, the director now directly owns 8,131 shares in the company, valued at approximately $4,756,309.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.80% of the company’s stock.

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AutoZone 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.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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