GAM Holding AG Boosts Position in AutoZone, Inc. (AZO)
GAM Holding AG raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 47.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,159 shares of the company’s stock after buying an additional 10,026 shares during the period. GAM Holding AG owned 0.11% of AutoZone worth $17,775,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of AZO. BLS Capital Fondsmaeglerselskab A S acquired a new stake in AutoZone during the fourth quarter valued at about $12,767,000. Fox Run Management L.L.C. acquired a new stake in AutoZone during the first quarter valued at about $213,000. Candriam Luxembourg S.C.A. increased its stake in AutoZone by 18.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 2,006 shares of the company’s stock valued at $1,451,000 after buying an additional 312 shares during the last quarter. BTIM Corp. increased its stake in AutoZone by 6.9% in the first quarter. BTIM Corp. now owns 15,462 shares of the company’s stock valued at $11,180,000 after buying an additional 1,002 shares during the last quarter. Finally, First Manhattan Co. increased its stake in AutoZone by 3.8% in the first quarter. First Manhattan Co. now owns 67,902 shares of the company’s stock valued at $52,171,000 after buying an additional 2,456 shares during the last quarter. 96.08% of the stock is owned by institutional investors and hedge funds.
Shares of AutoZone, Inc. (NYSE AZO) traded down 0.16% during midday trading on Tuesday, reaching $516.69. The company had a trading volume of 65,695 shares. The company has a 50 day moving average of $519.14 and a 200 day moving average of $639.97. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 11.94 and a beta of 0.61. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $813.70.
AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, May 23rd. The company reported $11.44 earnings per share for the quarter, missing analysts’ consensus estimates of $12.00 by $0.56. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the company posted $10.77 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Analysts anticipate that AutoZone, Inc. will post $43.94 EPS for the current year.
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Several analysts recently issued reports on AZO shares. Royal Bank Of Canada reduced their price target on shares of AutoZone from $829.00 to $753.00 and set a “sector perform” rating for the company in a research report on Monday, May 22nd. Citigroup Inc. downgraded shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, May 23rd. Raymond James Financial, Inc. downgraded shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. set a $900.00 price objective on shares of AutoZone and gave the stock a “buy” rating in a report on Tuesday, May 23rd. Finally, Stephens downgraded shares of AutoZone from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $775.91.
In other AutoZone news, VP William T. Giles sold 10,000 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total value of $5,811,000.00. Following the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at $10,750,350. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $602.50, for a total value of $602,500.00. Following the completion of the transaction, the director now directly owns 4,431 shares in the company, valued at approximately $2,669,677.50. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
AutoZone Company Profile
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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