AutoZone (AZO) : New South Capital Management Inc scooped up 756 additional shares in AutoZone during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 210,912 shares of AutoZone which is valued at $162.3 Million.AutoZone makes up approximately 3.94% of New South Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Picton Mahoney Asset Management reduced its stake in AZO by selling 237 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 16,953 shares of AZO which is valued at $13 Million. AutoZone makes up approx 0.89% of Picton Mahoney Asset Management’s portfolio.Numeric Investors boosted its stake in AZO in the latest quarter, The investment management firm added 2,240 additional shares and now holds a total of 2,750 shares of AutoZone which is valued at $2.1 Million. AutoZone makes up approx 0.02% of Numeric Investors’s portfolio.Trimtabs Asset Management reduced its stake in AZO by selling 640 shares or 22.6% in the most recent quarter. The Hedge Fund company now holds 2,192 shares of AZO which is valued at $1.7 Million. AutoZone makes up approx 1.00% of Trimtabs Asset Management’s portfolio. Gamble Jones Investment Counsel added AZO to its portfolio by purchasing 259 company shares during the most recent quarter which is valued at $201,038. AutoZone makes up approx 0.02% of Gamble Jones Investment Counsel’s portfolio.Nordea Investment Management Ab boosted its stake in AZO in the latest quarter, The investment management firm added 43,440 additional shares and now holds a total of 284,356 shares of AutoZone which is valued at $217.6 Million. AutoZone makes up approx 0.65% of Nordea Investment Management Ab’s portfolio.
AutoZone opened for trading at $768.87 and hit $781.99 on the upside on Monday, eventually ending the session at $779.13, with a gain of 1.26% or 9.69 points. The heightened volatility saw the trading volume jump to 1,79,701 shares. Company has a market cap of $23,264 M.
On the company’s financial health, AutoZone 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. Gabelli & Co Resumed AutoZone on Apr 15, 2016 to “Buy”, Price Target of the shares are set at $935.Barclays Initiated AutoZone 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.