IFP Advisors Inc trimmed its position in shares of AutoZone, Inc. (NYSE:AZO) by 31.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 169 shares of the company’s stock after selling 79 shares during the quarter. IFP Advisors Inc’s holdings in AutoZone were worth $189,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Lafayette Investments Inc. grew its holdings in AutoZone by 4.4% in the 2nd quarter. Lafayette Investments Inc. now owns 1,268 shares of the company’s stock valued at $1,430,000 after buying an additional 53 shares in the last quarter. Franklin Street Capital Partners LLC purchased a new stake in AutoZone in the 2nd quarter valued at $2,820,000. Chilton Investment Co. LLC purchased a new stake in AutoZone in the 2nd quarter valued at $417,000. AE Wealth Management LLC grew its holdings in AutoZone by 32.8% in the 2nd quarter. AE Wealth Management LLC now owns 1,381 shares of the company’s stock valued at $1,558,000 after buying an additional 341 shares in the last quarter. Finally, WINTON GROUP Ltd grew its holdings in AutoZone by 18.9% in the 2nd quarter. WINTON GROUP Ltd now owns 9,445 shares of the company’s stock valued at $10,655,000 after buying an additional 1,501 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.
AZO opened at $1,207.75 on Tuesday. The stock’s 50-day moving average price is $1,157.97 and its 200 day moving average price is $1,061.01. AutoZone, Inc. has a 12-month low of $684.91 and a 12-month high of $1,274.41. The firm has a market cap of $27.93 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.00 and a beta of 0.91.
AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, May 26th. The company reported $14.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $13.80 by $0.59. AutoZone had a negative return on equity of 91.18% and a net margin of 12.90%. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the company earned $15.99 EPS. AutoZone’s revenue was down .1% on a year-over-year basis. On average, research analysts anticipate that AutoZone, Inc. will post 63.66 earnings per share for the current year.
Several analysts have issued reports on AZO shares. Nomura Instinet restated a “buy” rating on shares of AutoZone in a report on Wednesday, May 27th. Nomura upped their target price on AutoZone from $1,210.00 to $1,290.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Raymond James dropped their target price on AutoZone from $1,350.00 to $1,300.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Credit Suisse Group restated a “buy” rating on shares of AutoZone in a report on Wednesday, May 27th. Finally, Cfra reaffirmed a “strong-buy” rating and issued a $1,275.00 price target (up previously from $1,250.00) on shares of AutoZone in a research note on Tuesday, May 26th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. AutoZone has a consensus rating of “Buy” and an average price target of $1,232.88.
In related news, VP Philip B. Daniele sold 176 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,100.21, for a total transaction of $193,636.96. Following the transaction, the vice president now owns 247 shares of the company’s stock, valued at approximately $271,751.87. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Kristen C. Wright sold 1,890 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,140.00, for a total value of $2,154,600.00. Following the completion of the sale, the vice president now directly owns 2,137 shares in the company, valued at approximately $2,436,180. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.
AutoZone Company Profile
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.
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