Oppenheimer & Co. Inc. cut its position in AutoZone, Inc. (NYSE:AZO) by 21.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,932 shares of the company’s stock after selling 1,343 shares during the period. Oppenheimer & Co. Inc.’s holdings in AutoZone were worth $3,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in AutoZone in the 3rd quarter valued at $179,000. Jarislowsky Fraser Ltd bought a new stake in AutoZone in the 3rd quarter valued at $202,000. Flagship Harbor Advisors LLC acquired a new position in AutoZone in the 4th quarter valued at $211,000. Bfsg LLC acquired a new position in AutoZone in the 4th quarter valued at $213,000. Finally, Paragon Capital Management Ltd acquired a new position in AutoZone in the 4th quarter valued at $213,000. Institutional investors and hedge funds own 98.02% of the company’s stock.

In other AutoZone news, insider William W. Graves sold 10,500 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $744.78, for a total value of $7,820,190.00. Following the sale, the insider now owns 12,574 shares in the company, valued at approximately $9,364,863.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James C. Griffith sold 1,250 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $794.70, for a total value of $993,375.00. Following the completion of the sale, the insider now owns 1,353 shares in the company, valued at approximately $1,075,229.10. The disclosure for this sale can be found here. Insiders sold a total of 96,710 shares of company stock worth $69,098,826 in the last quarter. Corporate insiders own 2.80% of the company’s stock.

Several equities analysts have weighed in on AZO shares. Deutsche Bank lifted their price objective on AutoZone from $625.00 to $700.00 in a report on Thursday, December 7th. Barclays lifted their price objective on AutoZone from $710.00 to $800.00 in a report on Thursday, December 7th. Citigroup lifted their price objective on AutoZone to $820.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. UBS Group reaffirmed a “buy” rating and issued a $750.00 price objective (down from $810.00) on shares of AutoZone in a report on Wednesday, December 6th. Finally, Credit Suisse Group set a $640.00 price objective on AutoZone and gave the company a “buy” rating in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company. AutoZone presently has an average rating of “Hold” and an average price target of $747.06.

AutoZone, Inc. (AZO) opened at $730.20 on Tuesday. AutoZone, Inc. has a fifty-two week low of $491.13 and a fifty-two week high of $797.89. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.14. The stock has a market capitalization of $19,789.91, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.11 and a beta of 0.74.

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

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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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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