AutoZone (AZO) : Spf Beheer Bv reduced its stake in AutoZone by 7.11% during the most recent quarter end. The investment management company now holds a total of 87,491 shares of AutoZone which is valued at $67.3 Million after selling 6,699 shares in AutoZone , the firm said in a disclosure report filed with the SEC on May 13, 2016.AutoZone makes up approximately 3.53% of Spf Beheer Bv’s portfolio.
Other Hedge Funds, Including , Reynolds Capital Management reduced its stake in AZO by selling 800 shares or 42.11% in the most recent quarter. The Hedge Fund company now holds 1,100 shares of AZO which is valued at $846,384. AutoZone makes up approx 1.49% of Reynolds Capital Management’s portfolio. Omers Administration Corp sold out all of its stake in AZO during the most recent quarter. The investment firm sold 2,000 shares of AZO which is valued $1.5 Million.King Wealth Management Group reduced its stake in AZO by selling 69 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 4,236 shares of AZO which is valued at $3.3 Million. AutoZone makes up approx 1.76% of King Wealth Management Group’s portfolio.First Personal Financial Services reduced its stake in AZO by selling 40 shares or 29.63% in the most recent quarter. The Hedge Fund company now holds 95 shares of AZO which is valued at $73,097. AutoZone makes up approx 0.04% of First Personal Financial Services’s portfolio.
AutoZone opened for trading at $760.75 and hit $771.85 on the upside on Wednesday, eventually ending the session at $767.63, with a gain of 0.95% or 7.21 points. The heightened volatility saw the trading volume jump to 3,29,585 shares. Company has a market cap of $22,921 M.
On the company’s financial health, AutoZone reported $10.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on May 24, 2016. Analyst had a consensus of $10.92. The company had revenue of $2593.70 million for the quarter, compared to analysts expectations of $2645.31 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.57 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.