Today, 174 Shares of AutoZone Inc. (AZO) are sold by Assetmark Inc.

Today, 174 Shares of AutoZone Inc. (AZO) are sold by Assetmark Inc.
Assetmark Inc. cut its position in AutoZone Inc. (NYSE:AZO) by 12.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,239 shares of the company’s stock after selling 174 shares during the period. Assetmark Inc.’s holdings in AutoZone were worth $952,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. First Republic Investment Management Inc. boosted its stake in AutoZone by 69.7% in the first quarter. First Republic Investment Management Inc. now owns 874 shares of the company’s stock worth $695,000 after buying an additional 359 shares during the last quarter. Boothbay Fund Management LLC boosted its stake in AutoZone by 17.4% in the first quarter. Boothbay Fund Management LLC now owns 1,039 shares of the company’s stock worth $828,000 after buying an additional 154 shares during the last quarter. DNB Asset Management AS boosted its stake in AutoZone by 0.9% in the second quarter. DNB Asset Management AS now owns 11,776 shares of the company’s stock worth $9,348,000 after buying an additional 100 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in AutoZone by 5.1% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 7,729 shares of the company’s stock worth $6,136,000 after buying an additional 374 shares during the last quarter. Finally, Creative Planning boosted its stake in AutoZone by 1.4% in the second quarter. Creative Planning now owns 3,874 shares of the company’s stock worth $3,075,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

AutoZone Inc. (NYSE:AZO) opened at 798.05 on Friday. The stock has a market capitalization of $23.03 billion, a PE ratio of 19.61 and a beta of 0.61. AutoZone Inc. has a 1-year low of $681.01 and a 1-year high of $819.54. The company’s 50-day moving average is $752.25 and its 200 day moving average is $767.56.

AutoZone (NYSE:AZO) last released its earnings results on Thursday, September 22nd. The company reported $14.30 earnings per share for the quarter, topping the consensus estimate of $14.25 by $0.05. The company had revenue of $3.40 billion for the quarter. AutoZone had a net margin of 11.67% and a negative return on equity of 69.23%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $12.75 EPS. Equities analysts predict that AutoZone Inc. will post $45.44 earnings per share for the current year.

AZO has been the topic of several research reports. Jefferies Group restated a “hold” rating and issued a $810.00 target price on shares of AutoZone in a report on Wednesday, October 19th. RBC Capital Markets restated a “sector perform” rating and issued a $855.00 target price (down previously from $873.00) on shares of AutoZone in a report on Friday, September 23rd. Wedbush restated an “outperform” rating and issued a $870.00 target price on shares of AutoZone in a report on Friday, September 23rd. Credit Suisse Group AG restated a “buy” rating and issued a $814.00 target price on shares of AutoZone in a report on Wednesday. Finally, Susquehanna initiated coverage on shares of AutoZone in a report on Thursday, August 25th. They issued a “neutral” rating and a $810.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $855.63.

About AutoZone

AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).

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