AutoZone (AZO) : Northwest Investment Counselors reduced its stake in AutoZone by 3.91% during the most recent quarter end. The investment management company now holds a total of 3,395 shares of AutoZone which is valued at $2,592,116 after selling 138 shares in AutoZone , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.AutoZone makes up approximately 1.36% of Northwest Investment Counselors’s portfolio.
Other Hedge Funds, Including , Bls Capital Fondsmaeglerselskab As boosted its stake in AZO in the latest quarter, The investment management firm added 4,485 additional shares and now holds a total of 19,365 shares of AutoZone which is valued at $14,869,609. AutoZone makes up approx 5.73% of Bls Capital Fondsmaeglerselskab As’s portfolio.Eagle Asset Management Inc reduced its stake in AZO by selling 3,933 shares or 12.81% in the most recent quarter. The Hedge Fund company now holds 26,771 shares of AZO which is valued at $20,362,290. AutoZone makes up approx 0.14% of Eagle Asset Management Inc’s portfolio.Kelman-lazarov boosted its stake in AZO in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 118 shares of AutoZone which is valued at $90,204. AutoZone makes up approx 0.05% of Kelman-lazarov’s portfolio.Eqis Capital Management boosted its stake in AZO in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 411 shares of AutoZone which is valued at $312,130. AutoZone makes up approx 0.02% of Eqis Capital Management’s portfolio.
AutoZone closed down -4.35 points or -0.57% at $763.51 with 2,43,329 shares getting traded on Friday. Post opening the session at $770.07, the shares hit an intraday low of $762.82 and an intraday high of $775.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, AutoZone reported $14.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Sep 22, 2016. Analyst had a consensus of $14.24. The company had revenue of $3398.80 million for the quarter, compared to analysts expectations of $3423.82 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.75 EPS.
Many Wall Street Analysts have commented on AutoZone. AutoZone was Upgraded by Morgan Stanley to ” Overweight” on Sep 27, 2016. Shares were Reiterated by RBC Capital Mkts on Sep 23, 2016 to “Sector Perform” and Lowered the Price Target to $ 855 from a previous price target of $873 .UBS Upgraded AutoZone on Sep 12, 2016 to ” Buy”, Price Target of the shares are set at $825.
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.