AutoZone, Inc. (AZO) Stake Lowered by Swiss National Bank

Swiss National Bank lessened its position in AutoZone, Inc. (NYSE:AZO) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 123,191 shares of the company’s stock after selling 13,700 shares during the period. Swiss National Bank’s holdings in AutoZone were worth $87,634,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in AZO. Koch Industries Inc. acquired a new stake in shares of AutoZone in the 2nd quarter worth $297,000. JPMorgan Chase & Co. lifted its stake in shares of AutoZone by 27.8% in the third quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock valued at $764,272,000 after purchasing an additional 282,939 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of AutoZone in the third quarter valued at about $141,811,000. Ameriprise Financial Inc. lifted its stake in shares of AutoZone by 802.6% in the third quarter. Ameriprise Financial Inc. now owns 236,396 shares of the company’s stock valued at $140,681,000 after purchasing an additional 210,205 shares during the period. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of AutoZone by 47.1% in the second quarter. Burgundy Asset Management Ltd. now owns 590,132 shares of the company’s stock valued at $336,647,000 after purchasing an additional 188,854 shares during the period. Institutional investors own 98.02% of the company’s stock.

Several analysts recently commented on AZO shares. Deutsche Bank raised their price objective on shares of AutoZone from $625.00 to $700.00 in a research note on Thursday, December 7th. Jefferies Group restated a “hold” rating and set a $720.00 target price on shares of AutoZone in a research report on Wednesday, December 6th. Zacks Investment Research cut shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Robert W. Baird restated a “hold” rating and set a $590.00 target price on shares of AutoZone in a research report on Friday, October 27th. Finally, Argus lifted their target price on shares of AutoZone from $675.00 to $875.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $747.06.

In other news, insider Albert Saltiel sold 2,150 shares of AutoZone stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $703.09, for a total transaction of $1,511,643.50. Following the completion of the sale, the insider now directly owns 2,276 shares in the company, valued at $1,600,232.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James C. Griffith sold 1,250 shares of AutoZone stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $794.70, for a total transaction of $993,375.00. Following the sale, the insider now owns 1,353 shares of the company’s stock, valued at $1,075,229.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,710 shares of company stock valued at $69,098,826. Insiders own 2.80% of the company’s stock.

Shares of AutoZone, Inc. (NYSE:AZO) opened at $711.88 on Wednesday. The company has a market cap of $19,973.18, a PE ratio of 15.89, a PEG ratio of 1.12 and a beta of 0.74. AutoZone, Inc. has a twelve month low of $491.13 and a twelve month high of $797.89. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, topping analysts’ consensus estimates of $9.90 by $0.10. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.54 billion. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.36 earnings per share. research analysts predict that AutoZone, Inc. will post 49.64 EPS for the current year.

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About AutoZone

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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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