AutoZone, Inc. (AZO) Shares Sold by American Century Companies Inc.
American Century Companies Inc. decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 60.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,800 shares of the company’s stock after selling 12,100 shares during the quarter. American Century Companies Inc.’s holdings in AutoZone were worth $4,642,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Tobam purchased a new stake in shares of AutoZone during the 2nd quarter worth approximately $3,912,000. Private Management Group Inc. purchased a new stake in shares of AutoZone during the 2nd quarter worth approximately $21,538,000. Numeric Investors LLC boosted its stake in shares of AutoZone by 9.7% during the 2nd quarter. Numeric Investors LLC now owns 2,150 shares of the company’s stock worth $1,226,000 after acquiring an additional 190 shares in the last quarter. Aviva PLC boosted its stake in shares of AutoZone by 0.6% during the 2nd quarter. Aviva PLC now owns 17,992 shares of the company’s stock worth $10,258,000 after acquiring an additional 100 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of AutoZone by 1.6% during the 2nd quarter. Principal Financial Group Inc. now owns 492,715 shares of the company’s stock worth $281,075,000 after acquiring an additional 7,900 shares in the last quarter. 98.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of AutoZone, Inc. (NYSE AZO) opened at $638.24 on Friday. AutoZone, Inc. has a 52 week low of $491.13 and a 52 week high of $813.70. The company has a quick ratio of 0.15, a current ratio of 0.97 and a debt-to-equity ratio of -3.56. The stock has a market capitalization of $17,546.83, a P/E ratio of 14.49, a P/E/G ratio of 1.18 and a beta of 0.65.
AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $15.11 by $0.07. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the company earned $14.30 EPS. AutoZone’s revenue was up 3.3% on a year-over-year basis. equities analysts forecast that AutoZone, Inc. will post 46.78 earnings per share for the current year.
In related news, Director William Andrew Mckenna sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $584.96, for a total value of $1,754,880.00. Following the sale, the director now owns 8,131 shares of the company’s stock, valued at approximately $4,756,309.76. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is currently owned by corporate insiders.
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Several equities research analysts have recently commented on AZO shares. Credit Suisse Group set a $640.00 price target on AutoZone and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Bank of America Corporation reissued a “buy” rating and set a $625.00 price target on shares of AutoZone in a research note on Tuesday, September 5th. Citigroup Inc. reissued a “buy” rating and set a $700.00 price target on shares of AutoZone in a research note on Wednesday, September 20th. Zacks Investment Research raised AutoZone from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, UBS AG reissued a “buy” rating and set a $655.00 price target (down previously from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $724.45.
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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