Savant Capital LLC boosted its stake in AutoZone Inc. (NYSE:AZO) by 13.0% during the second quarter, Holdings Channel reports. The institutional investor owned 610 shares of the company’s stock after buying an additional 70 shares during the period. Savant Capital LLC’s holdings in AutoZone were worth $484,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of AZO. Garrison Financial Corp raised its stake in AutoZone by 1.9% in the second quarter. Garrison Financial Corp now owns 4,906 shares of the company’s stock valued at $3,895,000 after buying an additional 93 shares in the last quarter. Calamos Advisors LLC raised its stake in AutoZone by 1,141.3% in the second quarter. Calamos Advisors LLC now owns 40,813 shares of the company’s stock valued at $32,399,000 after buying an additional 37,525 shares in the last quarter. Calamos Wealth Management LLC purchased a new stake in AutoZone during the second quarter valued at about $1,625,000. Diversified Trust Co raised its stake in AutoZone by 1.2% in the second quarter. Diversified Trust Co now owns 3,783 shares of the company’s stock valued at $3,003,000 after buying an additional 44 shares in the last quarter. Finally, British Airways Pensions Investment Management Ltd raised its stake in AutoZone by 11.7% in the second quarter. British Airways Pensions Investment Management Ltd now owns 33,940 shares of the company’s stock valued at $27,050,000 after buying an additional 3,560 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.
AutoZone Inc. (NYSE:AZO) traded up 0.12% during midday trading on Wednesday, reaching $759.44. 278,318 shares of the company’s stock were exchanged. The company has a market cap of $22.11 billion, a price-to-earnings ratio of 18.66 and a beta of 0.50. The firm has a 50-day moving average price of $756.39 and a 200 day moving average price of $775.52. AutoZone Inc. has a 12-month low of $681.01 and a 12-month high of $819.54.
AutoZone (NYSE:AZO) last posted its quarterly earnings results on Thursday, September 22nd. The company reported $14.30 EPS for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.05. AutoZone had a net margin of 11.67% and a negative return on equity of 69.23%. The company earned $3.40 billion during the quarter. During the same quarter in the prior year, the company earned $12.75 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts expect that AutoZone Inc. will post $45.46 EPS for the current fiscal year.
Several research firms recently issued reports on AZO. TheStreet lowered shares of AutoZone from a “buy” rating to a “sell” rating in a research report on Wednesday, September 28th. Morgan Stanley upgraded shares of AutoZone from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $820.00 to $840.00 in a research report on Tuesday, September 27th. Barclays PLC reiterated an “overweight” rating and set a $870.00 price target on shares of AutoZone in a research report on Sunday, September 25th. Robert W. Baird reissued a “neutral” rating and issued a $850.00 price objective on shares of AutoZone in a research note on Sunday, September 25th. Finally, RBC Capital Markets reissued a “sector perform” rating and issued a $855.00 price objective (down previously from $873.00) on shares of AutoZone in a research note on Friday, September 23rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $858.24.
In related news, VP Ronald B. Griffin sold 4,830 shares of the company’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $804.00, for a total transaction of $3,883,320.00. Following the completion of the sale, the vice president now directly owns 5,044 shares in the company, valued at approximately $4,055,376. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas B. Newbern sold 16,870 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $799.82, for a total transaction of $13,492,963.40. Following the sale, the insider now owns 15,977 shares of the company’s stock, valued at $12,778,724.14. The disclosure for this sale can be found here. Corporate insiders own 2.40% 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’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).
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