Ulysses Management LLC Purchases Shares of 2,000 AutoZone, Inc. (AZO)
Ulysses Management LLC purchased a new stake in shares of AutoZone, Inc. (NYSE:AZO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,000 shares of the company’s stock, valued at approximately $1,141,000.
Other hedge funds have also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. purchased a new stake in shares of AutoZone in the 1st quarter valued at approximately $104,000. Fieldpoint Private Securities LLC purchased a new position in AutoZone during the 2nd quarter worth approximately $114,000. Alpha Windward LLC grew its position in AutoZone by 3.2% during the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after purchasing an additional 8 shares in the last quarter. Salem Investment Counselors Inc. grew its position in AutoZone by 3.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after purchasing an additional 9 shares in the last quarter. Finally, Global X Management Co. LLC grew its position in AutoZone by 12.9% during the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 96.77% of the company’s stock.
A number of analysts have recently issued reports on the company. Deutsche Bank AG restated a “hold” rating and issued a $550.00 target price (down previously from $650.00) on shares of AutoZone in a report on Friday, July 21st. Wedbush reiterated a “neutral” rating on shares of AutoZone in a report on Thursday, July 6th. BidaskClub upgraded AutoZone from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. dropped their price target on AutoZone and set an “outperform” rating on the stock in a research report on Thursday, July 20th. Finally, Zacks Investment Research raised AutoZone from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. AutoZone presently has a consensus rating of “Hold” and an average target price of $742.38.
Shares of AutoZone, Inc. (NYSE:AZO) traded up 0.13% during mid-day trading on Tuesday, hitting $598.41. The company’s stock had a trading volume of 82,984 shares. The stock has a market cap of $16.66 billion, a PE ratio of 13.58 and a beta of 0.64. The company has a 50-day moving average price of $545.50 and a 200-day moving average price of $602.33. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $813.70.
AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, topping the Zacks’ 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 net margin of 11.76% and a negative return on equity of 74.48%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $14.30 EPS. Analysts predict that AutoZone, Inc. will post $46.98 EPS for the current fiscal year.
In related news, Director William Andrew Mckenna sold 3,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 8,131 shares in the company, valued at $4,756,309.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.
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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