Toronto Dominion Bank decreased its stake in AutoZone, Inc. (NYSE:AZO) by 42.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,359 shares of the company’s stock after selling 6,204 shares during the period. Toronto Dominion Bank’s holdings in AutoZone were worth $6,044,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Commonwealth Bank of Australia boosted its stake in shares of AutoZone by 27.6% in the third quarter. Commonwealth Bank of Australia now owns 162 shares of the company’s stock worth $125,000 after buying an additional 35 shares during the period. Alpha Windward LLC boosted its stake in shares of AutoZone by 0.8% in the first quarter. Alpha Windward LLC now owns 251 shares of the company’s stock worth $181,000 after buying an additional 2 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of AutoZone during the first quarter worth approximately $213,000. Shelton Capital Management purchased a new stake in shares of AutoZone during the fourth quarter worth approximately $217,000. Finally, Paragon Capital Management Ltd purchased a new stake in shares of AutoZone during the first quarter worth approximately $217,000. 96.42% of the stock is owned by institutional investors and hedge funds.
Shares of AutoZone, Inc. (NYSE:AZO) traded down 0.02% during mid-day trading on Friday, reaching $673.65. The company had a trading volume of 540,633 shares. The company has a market capitalization of $19.14 billion, a price-to-earnings ratio of 15.80 and a beta of 0.58. AutoZone, Inc. has a one year low of $658.39 and a one year high of $819.54. The company has a 50 day moving average price of $697.79 and a 200 day moving average price of $741.21.
AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, February 28th. The company reported $8.08 EPS for the quarter, missing the consensus estimate of $8.20 by $0.12. AutoZone had a net margin of 11.77% and a negative return on equity of 69.22%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the business posted $7.43 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts anticipate that AutoZone, Inc. will post $45.24 EPS for the current year.
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A number of equities research analysts have commented on the company. Jefferies Group LLC reissued a “hold” rating and issued a $810.00 price objective on shares of AutoZone in a research note on Tuesday, April 18th. Cleveland Research cut AutoZone from a “buy” rating to a “neutral” rating in a research note on Monday, April 3rd. Credit Suisse Group AG set a $812.00 price objective on AutoZone and gave the company a “buy” rating in a research note on Wednesday, March 1st. BTIG Research reissued a “buy” rating and issued a $900.00 price objective on shares of AutoZone in a research note on Wednesday, February 22nd. Finally, Zacks Investment Research cut AutoZone from a “buy” rating to a “hold” rating in a research note on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. AutoZone has a consensus rating of “Buy” and a consensus target price of $862.50.
In other AutoZone news, insider William W. Graves sold 12,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $736.78, for a total transaction of $8,841,360.00. Following the sale, the insider now directly owns 14,667 shares in the company, valued at approximately $10,806,352.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $714.96, for a total value of $714,960.00. Following the sale, the director now owns 4,431 shares in the company, valued at $3,167,987.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,300 shares of company stock worth $19,917,242. Company insiders own 2.60% of the company’s stock.
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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