Bbva Compass Bancshares Inc. Buys 19 Shares of AutoZone, Inc. (AZO)
Bbva Compass Bancshares Inc. increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 386 shares of the company’s stock after buying an additional 19 shares during the period. Bbva Compass Bancshares Inc.’s holdings in AutoZone were worth $220,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Stevens Capital Management LP increased its stake in AutoZone by 79.3% in the first quarter. Stevens Capital Management LP now owns 7,688 shares of the company’s stock worth $5,559,000 after buying an additional 3,400 shares during the last quarter. BTIM Corp. increased its stake in AutoZone by 6.9% in the first quarter. BTIM Corp. now owns 15,462 shares of the company’s stock worth $11,180,000 after buying an additional 1,002 shares during the last quarter. Iberiabank Corp increased its stake in AutoZone by 32.0% in the second quarter. Iberiabank Corp now owns 1,340 shares of the company’s stock worth $764,000 after buying an additional 325 shares during the last quarter. Pacer Advisors Inc. increased its stake in AutoZone by 2.2% in the first quarter. Pacer Advisors Inc. now owns 507 shares of the company’s stock worth $367,000 after buying an additional 11 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in AutoZone by 5.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 448 shares of the company’s stock worth $324,000 after buying an additional 23 shares during the last quarter. 97.11% of the stock is currently owned by institutional investors.
Shares of AutoZone, Inc. (NYSE:AZO) opened at 533.16 on Thursday. The company has a 50 day moving average of $531.07 and a 200-day moving average of $652.59. The company has a market cap of $14.94 billion, a PE ratio of 12.32 and a beta of 0.61. AutoZone, Inc. has a 52-week low of $491.13 and a 52-week high of $813.70.
AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 23rd. The company reported $11.44 EPS for the quarter, missing analysts’ consensus estimates of $12.00 by $0.56. AutoZone had a negative return on equity of 70.52% and a net margin of 11.82%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm posted $10.77 EPS. AutoZone’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts forecast that AutoZone, Inc. will post $43.99 EPS for the current fiscal year.
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A number of equities research analysts have weighed in on AZO shares. Barclays PLC decreased their price objective on AutoZone from $870.00 to $710.00 and set an “overweight” rating on the stock in a report on Thursday, July 6th. Wolfe Research downgraded AutoZone from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. BidaskClub raised AutoZone from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Goldman Sachs Group, Inc. (The) raised AutoZone from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $615.62 to $662.00 in a report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of AutoZone in a report on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $775.91.
In related news, VP William T. Giles sold 10,000 shares of AutoZone stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the completion of the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at $10,750,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William Andrew Mckenna bought 300 shares of the stock in a transaction that occurred on Thursday, July 13th. The shares were purchased at an average cost of $507.00 per share, with a total value of $152,100.00. Following the purchase, the director now directly owns 5,131 shares of the company’s stock, valued at $2,601,417. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.
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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