QCM Cayman Ltd. acquired a new stake in AutoZone, Inc. (NYSE:AZO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 677 shares of the company’s stock, valued at approximately $386,000.

Other hedge funds have also recently bought and sold shares of the company. American Beacon Advisors Inc. purchased a new stake in shares of AutoZone in the 1st quarter valued at $104,000. Alpha Windward LLC grew its stake in AutoZone by 3.2% during the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after purchasing an additional 8 shares in the last quarter. Global X Management Co. LLC grew its stake in AutoZone by 12.9% during the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after purchasing an additional 37 shares in the last quarter. Colony Group LLC acquired a new position in AutoZone during the 1st quarter worth $205,000. Finally, Wesbanco Bank Inc. grew its stake in AutoZone by 17.7% during the 2nd quarter. Wesbanco Bank Inc. now owns 365 shares of the company’s stock worth $208,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 96.08% of the company’s stock.

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Several research analysts recently commented on AZO shares. Bank of America Corporation reissued a “buy” rating and set a $625.00 target price on shares of AutoZone in a research note on Tuesday, September 5th. Zacks Investment Research raised AutoZone from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Barclays PLC lowered their target price on AutoZone from $870.00 to $710.00 and set an “overweight” rating for the company in a research note on Thursday, July 6th. Wolfe Research cut AutoZone from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Finally, BidaskClub raised AutoZone from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. AutoZone has an average rating of “Hold” and an average target price of $742.38.

AutoZone, Inc. (NYSE:AZO) traded up 1.33% during mid-day trading on Friday, hitting $595.11. The stock had a trading volume of 457,256 shares. The company has a 50-day moving average of $534.42 and a 200-day moving average of $611.55. The firm has a market cap of $16.56 billion, a PE ratio of 13.50 and a beta of 0.62. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $813.70.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, beating the consensus estimate of $15.11 by $0.07. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $14.30 earnings per share. Analysts expect that AutoZone, Inc. will post $46.98 earnings per share for the current year.

In other AutoZone news, Director William Andrew Mckenna bought 300 shares of the stock in a transaction dated Thursday, July 13th. The stock was bought at an average cost of $507.00 per share, for a total transaction of $152,100.00. Following the completion of the purchase, the director now directly owns 5,131 shares of the company’s stock, valued at $2,601,417. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.60% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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