Economy

AutoZone, Inc. (NYSE:AZO) Closed 5.4% Above Its 50 Day Moving Average

AutoZone, Inc. (NYSE:AZO) Closed 5.4% Above Its 50 Day Moving Averageā€

AutoZone (NYSE:AZO) opened at 563.40 on Tuesday. The institutional investor owned 470,223 shares of the company's stock after purchasing an additional 72,247 shares during the period. The stock's market capitalization is 15.79B. The value of the company's investment in AutoZone, Inc. went from $23,257,000 to $71,881,000 a change of $48,624,000 since the last quarter. As of the end of the quarter Bls Capital Fondsmaeglerselskab A/s had bought a total of 93,140 shares growing its stake by 289.6%. Janus Capital Management LLC now owns 67,138 shares valued at $48,544,000. 1,622,097 shares have changed hands. Bronfman E.L. Rothschild L.P. raised its stake in AutoZone by 5.4% in the 1st quarter. 144 shares were traded on AutoZone, Inc.'s last session. Pacer Advisors Inc. now owns 507 shares of the company's stock worth $367,000 after purchasing an additional 11 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its holdings in AutoZone by 35.8% in the 1st quarter. State Street Corp now owns 1,296,527 shares of the company's stock worth $937,455,000 after purchasing an additional 40,358 shares during the period. Institutional investors own 96.08% of the company's stock.

AZO has been the topic of several recent research reports.

Stock market analysts and brokers have recently amended their target prices on shares of AutoZone, Inc. On July 6 the company was set at "Equal-Weight" by Morgan Stanley which was a cut from the previous "Overweight" rating. BTIG Research reissued a "buy" rating and set a $825.00 target price on shares of AutoZone in a research report on Wednesday, May 24th. Zacks Investment Research raised AutoZone from a "sell" rating to a "hold" rating in a research report on Tuesday, August 29th. Deutsche Bank AG restated a "hold" rating and issued a $550.00 price target (down previously from $650.00) on shares of AutoZone in a research report on Friday, July 21st.

05/30/2017 - AutoZone, Inc. was upgraded to "buy" by analysts at Goldman Sachs. AutoZone now has a consensus rating of "Hold" and a consensus target price of $776.64.

Gross profit, as a percentage of sales, was 52.8%, or two basis points from the same period last year, due to higher supply chain costs associated with current year inventory initiatives, partially offset by higher merchandise margins. AutoZone, Inc. The firm's 50-day moving average price is $534.55 and its 200 day moving average price is $612.93. Vanguard Group Inc is the second biggest holder with 2 million shares now valued at 1.35 B million whilst Fidelity Management and Research Company has 2 million shares valued at 1.15 B million. The company reported $15.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $15.11 by $0.07.

Revenue rose by 3.3% to US$3.51bn, beating the US$3.49bn consensus. Company fiscal year is ending in December and analysts' consensus recommendation is Outperform for HXL and estimated EPS for next quarter is $ 0.68. Next quarter's EPS is forecasted at $9.94 and the next full year EPS is anticipated to be $47.35.

07/17/2017 - AutoZone, Inc. was downgraded to "underperform" by analysts at Wolfe Research.

The share price of AutoZone, Inc. The shares were acquired at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the acquisition, the director now owns 5,131 shares of the company's stock, valued at approximately $2,601,417. Also, VP William T. Giles sold 10,000 shares of AutoZone stock in a transaction dated Tuesday, June 27th. JPMorgan Chase & Co. increased its holdings in AutoZone by 59.7% in the 2nd quarter. Following the transaction, the vice president now owns 18,500 shares in the company, valued at $10,750,350.



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