Balyasny Asset Management LLC Has $3.31 Million Holdings in AutoZone, Inc. (AZO)

Balyasny Asset Management LLC raised its stake in AutoZone, Inc. (NYSE:AZO) by 876.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,800 shares of the company’s stock after acquiring an additional 5,206 shares during the quarter. Balyasny Asset Management LLC’s holdings in AutoZone were worth $3,309,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Iberiabank Corp lifted its holdings in AutoZone by 32.0% in the second quarter. Iberiabank Corp now owns 1,340 shares of the company’s stock valued at $764,000 after acquiring an additional 325 shares during the period. Tobam acquired a new position in AutoZone in the second quarter valued at approximately $3,912,000. State Street Corp lifted its holdings in AutoZone by 3.2% in the first quarter. State Street Corp now owns 1,296,527 shares of the company’s stock valued at $937,455,000 after acquiring an additional 40,358 shares during the period. Bank of Montreal Can lifted its holdings in AutoZone by 8.9% in the second quarter. Bank of Montreal Can now owns 42,228 shares of the company’s stock valued at $24,089,000 after acquiring an additional 3,447 shares during the period. Finally, Private Management Group Inc. acquired a new position in AutoZone in the second quarter valued at approximately $21,538,000. 96.77% of the stock is owned by institutional investors.

In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was 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 owns 8,131 shares of the company’s stock, valued at $4,756,309.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

Shares of AutoZone, Inc. (NYSE:AZO) opened at 587.57 on Wednesday. AutoZone, Inc. has a one year low of $491.13 and a one year high of $813.70. The firm has a 50-day moving average price of $558.83 and a 200 day moving average price of $596.66. The stock has a market capitalization of $16.35 billion, a PE ratio of 13.33 and a beta of 0.64.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, topping the consensus estimate of $15.11 by $0.07. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. AutoZone’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $14.30 earnings per share. On average, equities analysts expect that AutoZone, Inc. will post $46.98 EPS for the current fiscal year.

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AZO has been the subject of a number of recent analyst reports. Bank of America Corporation cut AutoZone from a “buy” rating to a “neutral” rating and cut their price objective for the company from $750.00 to $575.00 in a research report on Friday, July 7th. Citigroup Inc. restated a “buy” rating and issued a $700.00 price objective on shares of AutoZone in a research report on Wednesday, September 20th. UBS AG restated a “buy” rating and issued a $655.00 price objective (down from $725.00) on shares of AutoZone in a research report on Wednesday, September 20th. Wedbush restated a “hold” rating and issued a $580.00 price objective (down from $590.00) on shares of AutoZone in a research report on Wednesday, September 20th. Finally, Oppenheimer Holdings, Inc. cut their price objective on AutoZone and set an “outperform” rating for the company in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. AutoZone has a consensus rating of “Hold” and a consensus target price of $735.85.

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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