Northwest Investment Counselors buys $2,759,660 stake in AUTOZONE INC COM (AZO)

AUTOZONE INC COM (AZO) : Northwest Investment Counselors scooped up 17 additional shares in AUTOZONE INC COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 3,579 shares of AUTOZONE INC COM which is valued at $2,759,660.AUTOZONE INC COM makes up approximately 1.54% of Northwest Investment Counselors’s portfolio.

AUTOZONE INC COM opened for trading at $775.04 and hit $784.65 on the upside on Wednesday, eventually ending the session at $780.27, with a gain of 0.19% or 1.48 points. The heightened volatility saw the trading volume jump to 1,68,391 shares. Company has a market cap of $23,298 M.

Other Hedge Funds, Including , Carroll Financial Associates boosted its stake in AZO in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 11 shares of AUTOZONE INC COM which is valued at $8,482.Oregon Public Employees Retirement Fund boosted its stake in AZO in the latest quarter, The investment management firm added 17 additional shares and now holds a total of 6,747 shares of AUTOZONE INC COM which is valued at $5,261,176. AUTOZONE INC COM makes up approx 0.12% of Oregon Public Employees Retirement Fund’s portfolio.Fenimore Asset Management Inc reduced its stake in AZO by selling 65 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 69,064 shares of AZO which is valued at $53,447,248. AUTOZONE INC COM makes up approx 2.75% of Fenimore Asset Management Inc’s portfolio.

On the company’s financial health, AUTOZONE INC COM reported $7.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Mar 1, 2016. Analyst had a consensus of $7.29. The company had revenue of $2257.20 million for the quarter, compared to analysts expectations of $2258.94 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.51 EPS.

Many Wall Street Analysts have commented on AUTOZONE INC COM. Gabelli & Co Resumed AUTOZONE INC COM on Apr 15, 2016 to “Buy”, Price Target of the shares are set at $935.Barclays Initiated AUTOZONE INC COM on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $870.Company shares were Reiterated by Wedbush on Mar 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 870 from a previous price target of $800 .

AutoZone Inc. (AutoZone) is a retailer and a distributor of automotive replacement parts and accessories in the United States. The Company’s segments include Auto Parts Stores and Other. The Company’s Auto Parts Stores segment includes Domestic Auto Parts Mexico Brazil and Interamerican Motor Corporation (IMC). The Company’s Other segment includes business activities of ALLDATA E-commerce and AutoAnything. The ALLDATA produces sells and maintains diagnostic and repair information software used in the automotive repair industry. The e-commerce includes direct sales to customers through www.autozone.com. The AutoAnything includes direct sales to customers through www.autoanything.com. The Company operates approximately 5069 AutoZone stores in the United States including stores in Puerto Rico Mexico Brazil and IMC branches. IMC branches carry a line of original equipment import replacement parts.

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