AutoZone Inc. (AZO) Position Increased by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC increased its position in shares of AutoZone Inc. (NYSE:AZO) by 19.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,454 shares of the company’s stock after buying an additional 1,527 shares during the period. Nisa Investment Advisors LLC’s holdings in AutoZone were worth $7,264,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Invictus RG raised its position in shares of AutoZone by 489.7% in the second quarter. Invictus RG now owns 171 shares of the company’s stock worth $136,000 after buying an additional 142 shares in the last quarter. Global X Management Co. LLC raised its position in AutoZone by 89.1% in the second quarter. Global X Management Co. LLC now owns 174 shares of the company’s stock valued at $138,000 after buying an additional 82 shares during the period. First Personal Financial Services raised its position in AutoZone by 126.3% in the second quarter. First Personal Financial Services now owns 215 shares of the company’s stock valued at $171,000 after buying an additional 120 shares during the period. Pennsylvania Trust Co acquired a new position in AutoZone during the second quarter valued at $200,000. Finally, Advisor Group Inc. acquired a new position in AutoZone during the second quarter valued at $223,000. Hedge funds and other institutional investors own 94.06% of the company’s stock.
AutoZone Inc. (NYSE:AZO) traded down 0.93% during mid-day trading on Wednesday, hitting $782.86. 195,986 shares of the stock were exchanged. The stock has a market capitalization of $22.59 billion, a P/E ratio of 19.23 and a beta of 0.61. The firm has a 50-day moving average price of $754.03 and a 200-day moving average price of $767.59. AutoZone Inc. has a 12-month low of $681.01 and a 12-month high of $819.54.
AutoZone (NYSE:AZO) last announced its quarterly earnings data on Thursday, September 22nd. The company reported $14.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.05. The firm earned $3.40 billion during the quarter. AutoZone had a negative return on equity of 69.23% and a net margin of 11.67%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $12.75 earnings per share. Equities analysts predict that AutoZone Inc. will post $45.44 earnings per share for the current fiscal year.
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Several equities analysts have recently weighed in on the stock. Jefferies Group restated a “hold” rating and set a $810.00 price objective on shares of AutoZone in a research report on Wednesday, October 19th. RBC Capital Markets restated a “sector perform” rating and set a $855.00 price objective (down previously from $873.00) on shares of AutoZone in a research report on Friday, September 23rd. Wedbush restated an “outperform” rating and set a $870.00 price objective on shares of AutoZone in a research report on Friday, September 23rd. Credit Suisse Group AG restated a “buy” rating and set a $814.00 price objective on shares of AutoZone in a research report on Wednesday, November 23rd. Finally, Susquehanna assumed coverage on shares of AutoZone in a research report on Thursday, August 25th. They set a “neutral” rating and a $810.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $855.63.
AutoZone Company Profile
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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