Clinton Group Inc. boosted its stake in AutoZone, Inc. (NYSE:AZO) by 70.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,050 shares of the company’s stock after buying an additional 3,337 shares during the quarter. Clinton Group Inc.’s holdings in AutoZone were worth $4,592,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of AZO. UBS Asset Management Americas Inc. lifted its stake in AutoZone by 5.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 111,238 shares of the company’s stock valued at $80,431,000 after buying an additional 5,695 shares in the last quarter. Baird Financial Group Inc. lifted its stake in AutoZone by 24.1% in the 1st quarter. Baird Financial Group Inc. now owns 499 shares of the company’s stock valued at $361,000 after buying an additional 97 shares in the last quarter. Pacer Advisors Inc. lifted its stake in AutoZone by 2.2% in the 1st quarter. Pacer Advisors Inc. now owns 507 shares of the company’s stock valued at $367,000 after buying an additional 11 shares in the last quarter. Victory Capital Management Inc. lifted its stake in AutoZone by 31.2% in the 1st quarter. Victory Capital Management Inc. now owns 2,911 shares of the company’s stock valued at $2,105,000 after buying an additional 692 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in AutoZone by 742.0% in the 1st quarter. Schroder Investment Management Group now owns 15,939 shares of the company’s stock valued at $11,461,000 after buying an additional 14,046 shares in the last quarter. 96.08% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director William Andrew Mckenna bought 300 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The shares were purchased at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the acquisition, the director now directly owns 5,131 shares of the company’s stock, valued at approximately $2,601,417. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

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AutoZone, Inc. (AZO) traded up 1.33% during trading on Friday, reaching $595.11. 457,256 shares of the company’s stock were exchanged. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $813.70. The company’s 50-day moving average is $534.42 and its 200-day moving average is $611.55. The company has a market capitalization of $16.56 billion, a PE ratio of 13.50 and a beta of 0.62.

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

Several brokerages have weighed in on AZO. Stephens reiterated a “hold” rating and issued a $550.00 price target (down from $620.00) on shares of AutoZone in a report on Thursday, September 21st. Wedbush reiterated a “hold” rating and issued a $580.00 price target (down from $590.00) on shares of AutoZone in a report on Wednesday, September 20th. TheStreet upgraded AutoZone from a “d+” rating to a “c” rating in a report on Wednesday, June 7th. Royal Bank Of Canada cut their price target on AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a report on Wednesday, September 20th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of AutoZone in a report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. AutoZone presently has an average rating of “Hold” and an average price target of $742.38.

AutoZone 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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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