State of Wisconsin Investment Board Acquires 10,699 Shares of AutoZone, Inc. (AZO)
State of Wisconsin Investment Board lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 42.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,644 shares of the company’s stock after buying an additional 10,699 shares during the quarter. State of Wisconsin Investment Board owned about 0.13% of AutoZone worth $21,212,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in AZO. Atria Investments LLC lifted its stake in shares of AutoZone by 5.9% during the 2nd quarter. Atria Investments LLC now owns 505 shares of the company’s stock valued at $288,000 after buying an additional 28 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of AutoZone by 8.9% during the 2nd quarter. Bank of Montreal Can now owns 42,228 shares of the company’s stock valued at $24,089,000 after buying an additional 3,447 shares in the last quarter. Creative Planning lifted its stake in shares of AutoZone by 0.7% during the 2nd quarter. Creative Planning now owns 1,986 shares of the company’s stock valued at $1,133,000 after buying an additional 14 shares in the last quarter. National Pension Service lifted its stake in shares of AutoZone by 10.5% during the 2nd quarter. National Pension Service now owns 28,910 shares of the company’s stock valued at $16,180,000 after buying an additional 2,749 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in shares of AutoZone by 507.6% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 4,648 shares of the company’s stock valued at $2,651,000 after buying an additional 3,883 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.
In related news, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the transaction, 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 legal filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.
AZO has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their price target on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 20th. Zacks Investment Research cut shares of AutoZone from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. UBS AG reiterated a “buy” rating and issued a $655.00 target price (down from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Robert W. Baird reiterated a “hold” rating and issued a $590.00 target price on shares of AutoZone in a research note on Friday, October 27th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $583.00 target price (down from $658.00) on shares of AutoZone in a research note on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $724.45.
AutoZone, Inc. (NYSE:AZO) opened at $598.06 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.15 and a debt-to-equity ratio of -3.56. AutoZone, Inc. has a twelve month low of $491.13 and a twelve month high of $813.70. The company has a market cap of $16,442.46, a price-to-earnings ratio of 13.57, a P/E/G ratio of 1.10 and a beta of 0.65.
AutoZone (NYSE:AZO) last released its earnings results on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $15.11 by $0.07. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter last year, the firm earned $14.30 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. research analysts forecast that AutoZone, Inc. will post 46.78 earnings per share for the current year.
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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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