Forester Capital Management Ltd buys $3,997,622 stake in AutoZone (AZO)

AutoZone (AZO) : Forester Capital Management Ltd scooped up 110 additional shares in AutoZone during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 5,481 shares of AutoZone which is valued at $3,997,622.AutoZone makes up approximately 3.78% of Forester Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Northwestern Mutual Wealth Management Co reduced its stake in AZO by selling 7,421 shares or 92.97% in the most recent quarter. The Hedge Fund company now holds 561 shares of AZO which is valued at $409,171. AutoZone makes up approx 0.01% of Northwestern Mutual Wealth Management Co’s portfolio.World Asset Management Inc reduced its stake in AZO by selling 4 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 2,899 shares of AZO which is valued at $2,151,522. AutoZone makes up approx 0.08% of World Asset Management Inc’s portfolio. Bank Of Stockton sold out all of its stake in AZO during the most recent quarter. The investment firm sold 255 shares of AZO which is valued $192,219.

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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