Act Ii Management Lp adds AutoZone (AZO) to its portfolio

AutoZone (AZO) : Act Ii Management Lp added new position in AutoZone during the most recent quarter end. The investment management firm now holds 3,806 shares of AutoZone which is valued at $2,775,944 , the company said in a statement filed on Nov 14, 2016 with the SEC.AutoZone makes up approximately 2.16% of Act Ii Management Lp’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments boosted its stake in AZO in the latest quarter, The investment management firm added 4,352 additional shares and now holds a total of 5,323 shares of AutoZone which is valued at $3,882,383. AutoZone makes up approx 0.18% of Pinebridge Investments’s portfolio.Credit Agricole S A boosted its stake in AZO in the latest quarter, The investment management firm added 2,184 additional shares and now holds a total of 57,519 shares of AutoZone which is valued at $42,925,279. AutoZone makes up approx 0.14% of Credit Agricole S A’s portfolio.Trimtabs Asset Management reduced its stake in AZO by selling 1,930 shares or 98.37% in the most recent quarter. The Hedge Fund company now holds 32 shares of AZO which is valued at $23,413. AutoZone makes up approx 0.93% of Trimtabs Asset Management’s portfolio.Victory Capital Management Inc boosted its stake in AZO in the latest quarter, The investment management firm added 514 additional shares and now holds a total of 2,041 shares of AutoZone which is valued at $1,508,034.

AutoZone closed down -17.88 points or -2.31% at $755.24 with 2,71,150 shares getting traded on Monday. Post opening the session at $772.19, the shares hit an intraday low of $752.82 and an intraday high of $773.25 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

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