BNP Paribas Arbitrage SA lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 54.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,270 shares of the company’s stock after purchasing an additional 5,358 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.06% of AutoZone worth $9,087,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AZO. JPMorgan Chase & Co. grew its holdings in shares of AutoZone by 59.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,018,416 shares of the company’s stock worth $580,966,000 after purchasing an additional 380,824 shares during the period. Nordea Investment Management AB grew its holdings in shares of AutoZone by 44.9% during the 2nd quarter. Nordea Investment Management AB now owns 1,027,095 shares of the company’s stock worth $585,917,000 after purchasing an additional 318,188 shares during the period. Koch Industries Inc. purchased a new position in shares of AutoZone during the 2nd quarter worth $297,000. CI Global Investments Inc. grew its holdings in shares of AutoZone by 437.2% during the 2nd quarter. CI Global Investments Inc. now owns 321,207 shares of the company’s stock worth $183,236,000 after purchasing an additional 261,417 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of AutoZone by 4,644.0% during the 2nd quarter. Janus Henderson Group PLC now owns 194,079 shares of the company’s stock worth $110,713,000 after purchasing an additional 189,988 shares during the period. Institutional investors and hedge funds own 98.25% of the company’s stock.
AZO has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered their price target on AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a report on Wednesday, September 20th. Zacks Investment Research cut AutoZone from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. UBS AG reiterated a “buy” rating and set a $655.00 price target (down from $725.00) on shares of AutoZone in a report on Wednesday, September 20th. Robert W. Baird reiterated a “hold” rating and set a $590.00 price target on shares of AutoZone in a report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of AutoZone in a report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. AutoZone currently has a consensus rating of “Hold” and an average target price of $724.45.
In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $584.96, for a total value of $1,754,880.00. Following the sale, the director now owns 8,131 shares of the company’s stock, valued at approximately $4,756,309.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by company insiders.
Shares of AutoZone, Inc. (NYSE:AZO) opened at $609.14 on Thursday. The company has a debt-to-equity ratio of -3.56, a current ratio of 0.97 and a quick ratio of 0.15. The stock has a market capitalization of $16,705.28, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.12 and a beta of 0.65. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $813.70.
AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $15.11 by $0.07. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.49 billion. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. AutoZone’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $14.30 EPS. equities research analysts expect that AutoZone, Inc. will post 46.78 earnings per share for the current fiscal year.
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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