Comerica Bank lowered its holdings in AutoZone, Inc. (NYSE:AZO) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,055 shares of the company’s stock after selling 382 shares during the period. Comerica Bank’s holdings in AutoZone were worth $5,597,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Koch Industries Inc. purchased a new position in shares of AutoZone during the 2nd quarter valued at $297,000. JPMorgan Chase & Co. lifted its position in shares of AutoZone by 27.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock valued at $764,272,000 after buying an additional 282,939 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of AutoZone during the 3rd quarter valued at $141,811,000. Ameriprise Financial Inc. lifted its position in shares of AutoZone by 802.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 236,396 shares of the company’s stock valued at $140,681,000 after buying an additional 210,205 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its position in shares of AutoZone by 47.1% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 590,132 shares of the company’s stock valued at $336,647,000 after buying an additional 188,854 shares during the last quarter. 98.02% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the company. Zacks Investment Research raised AutoZone from a “hold” rating to a “buy” rating and set a $819.00 price target on the stock in a research report on Tuesday, February 6th. Argus upped their price target on AutoZone from $675.00 to $875.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Stephens set a $840.00 price target on AutoZone and gave the company a “hold” rating in a research report on Tuesday, January 16th. Credit Suisse Group set a $790.00 price target on AutoZone and gave the company a “hold” rating in a research report on Thursday, January 4th. Finally, Barclays upped their price target on AutoZone from $710.00 to $800.00 in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $747.06.

Shares of AutoZone, Inc. (AZO) opened at $723.50 on Monday. The stock has a market capitalization of $19,789.91, a PE ratio of 16.20, a P/E/G ratio of 1.11 and a beta of 0.74. The company has a debt-to-equity ratio of -3.27, a quick ratio of 0.14 and a current ratio of 0.93. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $797.89.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.90 by $0.10. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.36 EPS. analysts expect that AutoZone, Inc. will post 49.64 earnings per share for the current fiscal year.

In other AutoZone news, insider James C. Griffith sold 1,250 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $794.70, for a total value of $993,375.00. Following the transaction, the insider now directly owns 1,353 shares in the company, valued at approximately $1,075,229.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philip B. Daniele sold 740 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $780.37, for a total value of $577,473.80. Following the completion of the transaction, the insider now owns 1,058 shares in the company, valued at $825,631.46. The disclosure for this sale can be found here. Insiders have sold a total of 96,710 shares of company stock worth $69,098,826 in the last three months. 2.80% of the stock is currently owned by insiders.

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About AutoZone

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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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