Strs Ohio lowered its position in shares of AutoZone Inc. (NYSE:AZO) by 5.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,246 shares of the company’s stock after selling 137 shares during the period. Strs Ohio’s holdings in AutoZone were worth $1,782,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Pennsylvania Trust Co acquired a new stake in shares of AutoZone during the second quarter worth approximately $200,000. BB&T Securities LLC acquired a new stake in shares of AutoZone during the first quarter worth approximately $239,000. Checchi Capital Advisers LLC boosted its stake in shares of AutoZone by 5.2% in the second quarter. Checchi Capital Advisers LLC now owns 347 shares of the company’s stock worth $275,000 after buying an additional 17 shares during the period. Leavell Investment Management Inc. acquired a new stake in shares of AutoZone during the second quarter worth approximately $298,000. Finally, Copper Rock Capital Partners LLC acquired a new stake in shares of AutoZone during the second quarter worth approximately $336,000. Hedge funds and other institutional investors own 95.94% of the company’s stock.
Shares of AutoZone Inc. (NYSE:AZO) traded up 0.54% on Monday, hitting $764.44. The company had a trading volume of 205,278 shares. The company has a market capitalization of $22.26 billion, a price-to-earnings ratio of 18.78 and a beta of 0.50. The stock’s 50-day moving average is $754.04 and its 200 day moving average is $775.12. AutoZone Inc. has a 52 week low of $681.01 and a 52 week high of $819.54.
AutoZone (NYSE:AZO) last issued its quarterly earnings data on Thursday, September 22nd. The company reported $14.30 earnings per share for the quarter, beating analysts’ consensus estimates of $14.25 by $0.05. AutoZone had a negative return on equity of 69.23% and a net margin of 11.67%. The company had revenue of $3.40 billion for the quarter. During the same period in the previous year, the business earned $12.75 EPS. AutoZone’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts expect that AutoZone Inc. will post $45.46 EPS for the current year.
AZO has been the subject of several recent analyst reports. Argus reaffirmed a “buy” rating and issued a $875.00 price target on shares of AutoZone in a research report on Sunday, July 10th. Zacks Investment Research lowered AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Morgan Stanley set a $820.00 price target on AutoZone and gave the stock a “hold” rating in a research report on Thursday, August 11th. Citigroup Inc. reaffirmed a “buy” rating on shares of AutoZone in a research report on Thursday, August 25th. Finally, Susquehanna initiated coverage on AutoZone in a research report on Thursday, August 25th. They issued a “neutral” rating and a $810.00 price target for the company. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. AutoZone presently has an average rating of “Hold” and an average target price of $858.24.
In related news, insider Thomas B. Newbern sold 16,870 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $795.24, for a total value of $795,240.00. Following the sale, the director now directly owns 4,127 shares in the company, valued at approximately $3,281,955.48. 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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