AutoZone (AZO) : Forester Capital Management Ltd reduced its stake in AutoZone by 2.89% during the most recent quarter end. The investment management company now holds a total of 5,371 shares of AutoZone which is valued at $4,274,564 after selling 160 shares in AutoZone , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.AutoZone makes up approximately 3.89% of Forester Capital Management Ltd’s portfolio.
Other Hedge Funds, Including , Lord Abbett reduced its stake in AZO by selling 2,853 shares or 16.52% in the most recent quarter. The Hedge Fund company now holds 14,419 shares of AZO which is valued at $11,475,505. AutoZone makes up approx 0.04% of Lord Abbett’s portfolio.Winslow Evans Crocker reduced its stake in AZO by selling 317 shares or 4.72% in the most recent quarter. The Hedge Fund company now holds 6,406 shares of AZO which is valued at $5,089,759. AutoZone makes up approx 1.47% of Winslow Evans Crocker’s portfolio.Balasa Dinverno Foltz reduced its stake in AZO by selling 4 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 308 shares of AZO which is valued at $245,285. AutoZone makes up approx 0.04% of Balasa Dinverno Foltz’s portfolio.Capstone Asset Management Co boosted its stake in AZO in the latest quarter, The investment management firm added 229 additional shares and now holds a total of 3,411 shares of AutoZone which is valued at $2,733,268. AutoZone makes up approx 0.08% of Capstone Asset Management Co’s portfolio.
AutoZone closed down -2.62 points or -0.35% at $750.85 with 3,64,269 shares getting traded on Monday. Post opening the session at $753.58, the shares hit an intraday low of $748.85 and an intraday high of $759.37 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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. Susquehanna Initiated AutoZone on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $810.
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.