Eagle Asset Management Inc. Sells 530 Shares of AutoZone, Inc. (NYSE:AZO)

Eagle Asset Management Inc. reduced its position in shares of AutoZone, Inc. (NYSE:AZO) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,726 shares of the company’s stock after selling 530 shares during the quarter. Eagle Asset Management Inc. owned about 0.36% of AutoZone worth $91,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in AZO. Atlas Capital Advisors LLC increased its stake in shares of AutoZone by 13.6% in the 2nd quarter. Atlas Capital Advisors LLC now owns 75 shares of the company’s stock valued at $82,000 after acquiring an additional 9 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of AutoZone by 5.6% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 190 shares of the company’s stock valued at $208,000 after acquiring an additional 10 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of AutoZone by 2.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 350 shares of the company’s stock valued at $385,000 after acquiring an additional 10 shares during the last quarter. Savant Capital LLC increased its stake in shares of AutoZone by 1.5% in the 2nd quarter. Savant Capital LLC now owns 658 shares of the company’s stock valued at $723,000 after acquiring an additional 10 shares during the last quarter. Finally, OLD National Bancorp IN increased its stake in shares of AutoZone by 1.6% in the 3rd quarter. OLD National Bancorp IN now owns 767 shares of the company’s stock valued at $832,000 after acquiring an additional 12 shares during the last quarter. 97.16% of the stock is owned by hedge funds and other institutional investors.

In other AutoZone news, Director Earl G. Graves, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,077.04, for a total transaction of $538,520.00. Following the completion of the transaction, the director now owns 4,607 shares of the company’s stock, valued at approximately $4,961,923.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Shares of AZO traded up $0.25 on Friday, hitting $1,165.86. The company’s stock had a trading volume of 137,046 shares, compared to its average volume of 271,075. The firm’s fifty day moving average price is $1,110.10 and its 200-day moving average price is $1,095.65. AutoZone, Inc. has a fifty-two week low of $790.07 and a fifty-two week high of $1,186.60. The firm has a market capitalization of $27.43 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.44 and a beta of 0.62.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $22.59 earnings per share (EPS) 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 analyst estimates of $3.93 billion. During the same period in the previous year, the firm earned $18.54 EPS. AutoZone’s quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts expect that AutoZone, Inc. will post 65.39 EPS for the current year.

A number of analysts have recently commented on the company. ValuEngine cut 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 price target on AutoZone and gave the company a “buy” rating in a research note on Tuesday, September 24th. Nomura assumed coverage on AutoZone in a research note on Thursday. They issued a “buy” rating and a $1,250.00 price target for the company. Citigroup boosted their price objective on AutoZone from $1,357.00 to $1,363.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Raymond James assumed coverage on AutoZone in a research report on Monday, October 7th. They issued an “outperform” rating and a $1,250.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $1,142.71.

AutoZone Profile

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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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