CIBC Private Wealth Group LLC lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,997 shares of the company’s stock after acquiring an additional 56 shares during the period. CIBC Private Wealth Group LLC owned 0.17% of AutoZone worth $44,466,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in AZO. First Trust Advisors LP lifted its holdings in AutoZone by 5.8% in the first quarter. First Trust Advisors LP now owns 24,953 shares of the company’s stock valued at $25,555,000 after acquiring an additional 1,373 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of AutoZone during the 1st quarter worth $26,000. Marshall Wace LLP raised its stake in shares of AutoZone by 49.5% during the 1st quarter. Marshall Wace LLP now owns 5,011 shares of the company’s stock worth $5,132,000 after buying an additional 1,659 shares during the last quarter. Fulton Bank N.A. acquired a new position in shares of AutoZone during the 2nd quarter worth $335,000. Finally, WINTON GROUP Ltd raised its stake in shares of AutoZone by 4.8% during the 2nd quarter. WINTON GROUP Ltd now owns 37,522 shares of the company’s stock worth $41,254,000 after buying an additional 1,707 shares during the last quarter. Institutional investors and hedge funds own 94.54% of the company’s stock.
NYSE:AZO opened at $1,144.38 on Friday. The business has a fifty day moving average of $1,109.34 and a 200-day moving average of $1,091.53. AutoZone, Inc. has a 1 year low of $731.17 and a 1 year high of $1,186.60. The stock has a market cap of $27.30 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.44 and a beta of 0.63.
AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, September 24th. The company reported $22.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $21.80 by $0.79. AutoZone had a negative return on equity of 98.67% and a net margin of 13.63%. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the business posted $18.54 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts expect that AutoZone, Inc. will post 65.39 EPS for the current fiscal year.
In related news, Director Earl G. Graves, Jr. sold 500 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,077.04, for a total value of $538,520.00. Following the completion of the sale, the director now directly owns 4,607 shares of the company’s stock, valued at approximately $4,961,923.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.
Several research analysts recently weighed in on AZO shares. ValuEngine downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Co set a $1,275.00 target price on shares of AutoZone and gave the company a “buy” rating in a research note on Tuesday, September 24th. Royal Bank of Canada boosted their target price on AutoZone from $1,091.00 to $1,097.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 25th. Citigroup boosted their target price on AutoZone from $1,357.00 to $1,363.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Wedbush restated an “outperform” rating and issued a $1,240.00 price target (up previously from $1,100.00) on shares of AutoZone in a report on Thursday, September 19th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $1,136.00.
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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