AutoZone (AZO) : Point72 Asset Management scooped up 96,600 additional shares in AutoZone during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 187,900 shares of AutoZone which is valued at $149,542,094.AutoZone makes up approximately 1.19% of Point72 Asset Management’s portfolio.
Other Hedge Funds, Including , Two Sigma Advisers Lp sold out all of its stake in AZO during the most recent quarter. The investment firm sold 14,208 shares of AZO which is valued $11,307,579.Employees Retirement System Of Texas reduced its stake in AZO by selling 1,000 shares or 11.36% in the most recent quarter. The Hedge Fund company now holds 7,800 shares of AZO which is valued at $6,207,708. AutoZone makes up approx 0.08% of Employees Retirement System Of Texas’s portfolio.Highstreet Asset Management boosted its stake in AZO in the latest quarter, The investment management firm added 267 additional shares and now holds a total of 1,122 shares of AutoZone which is valued at $891,463. AutoZone makes up approx 0.30% of Highstreet Asset Management’s portfolio. Parametrica Management Ltd sold out all of its stake in AZO during the most recent quarter. The investment firm sold 298 shares of AZO which is valued $236,770.
AutoZone opened for trading at $744.23 and hit $748.47 on the upside on Thursday, eventually ending the session at $744.77, with a gain of 0.40% or 2.97 points. The heightened volatility saw the trading volume jump to 3,10,160 shares. Company has a market cap of $21,771 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. 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.