TIAA CREF Investment Management LLC lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 106.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,370 shares of the company’s stock after acquiring an additional 83,625 shares during the period. TIAA CREF Investment Management LLC owned 0.59% of AutoZone worth $115,505,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Midas Management Corp purchased a new position in AutoZone in the 4th quarter valued at $3,522,000. Public Employees Retirement System of Ohio grew its position in AutoZone by 3.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 45,781 shares of the company’s stock valued at $27,245,000 after buying an additional 1,483 shares during the last quarter. Dimensional Fund Advisors LP grew its position in AutoZone by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 58,155 shares of the company’s stock valued at $34,604,000 after buying an additional 1,473 shares during the last quarter. AXA grew its position in AutoZone by 0.8% in the 3rd quarter. AXA now owns 38,237 shares of the company’s stock valued at $22,755,000 after buying an additional 300 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in AutoZone by 35.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 12,904 shares of the company’s stock valued at $6,759,000 after buying an additional 3,379 shares during the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.
A number of equities analysts recently weighed in on AZO shares. Zacks Investment Research upgraded shares of AutoZone from a “hold” rating to a “buy” rating and set a $819.00 price objective on the stock in a research report on Tuesday, February 6th. Barclays lifted their price objective on shares of AutoZone from $710.00 to $800.00 in a research report on Thursday, December 7th. UBS reiterated a “buy” rating and issued a $750.00 price objective (up 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. Finally, Argus lifted their price objective on shares of AutoZone from $675.00 to $875.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $754.28.
AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, February 27th. The company reported $8.47 EPS for the quarter, missing the consensus estimate of $8.81 by ($0.34). The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. AutoZone had a negative return on equity of 85.64% and a net margin of 12.00%. AutoZone’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.75 earnings per share. sell-side analysts predict that AutoZone, Inc. will post 49.56 earnings per share for the current fiscal year.
In other news, insider Albert Saltiel sold 2,150 shares of AutoZone stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $703.09, for a total transaction of $1,511,643.50. Following the completion of the transaction, the insider now owns 2,276 shares of the company’s stock, valued at approximately $1,600,232.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James C. Griffith sold 1,250 shares of AutoZone stock in a transaction on Friday, January 19th. The stock was sold at an average price of $794.70, for a total value of $993,375.00. Following the transaction, the insider now directly owns 1,353 shares of the company’s stock, valued at approximately $1,075,229.10. The disclosure for this sale can be found here. Insiders have sold a total of 18,887 shares of company stock valued at $14,165,983 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.
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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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