Eagle Asset Management Inc. lowered its position in shares of AutoZone Inc. (NYSE:AZO) by 12.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,771 shares of the company’s stock after selling 3,933 shares during the period. Eagle Asset Management Inc. owned about 0.09% of AutoZone worth $20,569,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AZO. Copper Rock Capital Partners LLC raised its stake in shares of AutoZone by 13.0% in the third quarter. Copper Rock Capital Partners LLC now owns 478 shares of the company’s stock worth $366,000 after buying an additional 55 shares during the period. Eqis Capital Management Inc. raised its stake in shares of AutoZone by 9.9% in the third quarter. Eqis Capital Management Inc. now owns 411 shares of the company’s stock worth $316,000 after buying an additional 37 shares during the period. Evercore Wealth Management LLC raised its stake in shares of AutoZone by 1.7% in the second quarter. Evercore Wealth Management LLC now owns 81,985 shares of the company’s stock worth $65,083,000 after buying an additional 1,404 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of AutoZone during the second quarter worth $957,000. Finally, Kentucky Retirement Systems purchased a new stake in shares of AutoZone during the second quarter worth $2,016,000. 94.06% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

Shares of AutoZone Inc. (NYSE:AZO) traded up 0.05% during trading on Tuesday, hitting $794.33. The stock had a trading volume of 33,270 shares. The stock has a market cap of $22.93 billion, a price-to-earnings ratio of 19.52 and a beta of 0.61. AutoZone Inc. has a 12-month low of $681.01 and a 12-month high of $819.54. The stock’s 50-day moving average is $754.03 and its 200-day moving average is $767.59.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Thursday, September 22nd. The company reported $14.30 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 prior year, the firm posted $12.75 EPS. AutoZone’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that AutoZone Inc. will post $45.44 EPS for the current year.

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A number of brokerages have weighed in on AZO. Zacks Investment Research raised AutoZone from a “hold” rating to a “buy” rating and set a $889.00 target price for the company in a research report on Wednesday, November 23rd. Credit Suisse Group AG reaffirmed a “buy” rating and set a $814.00 target price on shares of AutoZone in a research report on Wednesday, November 23rd. Argus reiterated a “buy” rating and issued a $875.00 price target on shares of AutoZone in a report on Saturday, October 22nd. Jefferies Group reiterated a “hold” rating and issued a $810.00 price target on shares of AutoZone in a report on Wednesday, October 19th. Finally, TheStreet downgraded AutoZone from a “buy” rating to a “sell” rating in a report on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $855.63.

About AutoZone

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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