Brown Advisory Inc. Acquires 217 Shares of AutoZone, Inc. (NYSE:AZO)

Brown Advisory Inc. lifted its stake in AutoZone, Inc. (NYSE:AZO) by 29.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 948 shares of the company’s stock after acquiring an additional 217 shares during the quarter. Brown Advisory Inc.’s holdings in AutoZone were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BB&T Securities LLC bought a new position in shares of AutoZone in the third quarter worth approximately $657,000. Schwab Charles Investment Management Inc. boosted its position in shares of AutoZone by 3.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 92,535 shares of the company’s stock worth $55,069,000 after purchasing an additional 2,724 shares during the period. Investec Asset Management LTD boosted its position in shares of AutoZone by 17.0% in the third quarter. Investec Asset Management LTD now owns 12,737 shares of the company’s stock worth $7,580,000 after purchasing an additional 1,848 shares during the period. Twin Capital Management Inc. bought a new position in shares of AutoZone in the third quarter worth approximately $1,450,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of AutoZone by 9.0% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,280 shares of the company’s stock worth $1,357,000 after purchasing an additional 188 shares during the period. Institutional investors own 99.35% of the company’s stock.

In other AutoZone news, CFO William T. Giles sold 24,200 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $710.79, for a total transaction of $17,201,118.00. Following the completion of the transaction, the chief financial officer now directly owns 24,466 shares of the company’s stock, valued at approximately $17,390,188.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James C. Griffith sold 3,623 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $698.17, for a total transaction of $2,529,469.91. Following the transaction, the insider now directly owns 2,016 shares of the company’s stock, valued at $1,407,510.72. The disclosure for this sale can be found here. Insiders sold a total of 79,973 shares of company stock valued at $56,444,486 over the last ninety days. 2.80% of the stock is currently owned by insiders.

AutoZone, Inc. (AZO) traded up $25.17 during trading hours on Tuesday, hitting $736.54. 558,705 shares of the stock were exchanged, compared to its average volume of 423,850. AutoZone, Inc. has a twelve month low of $491.13 and a twelve month high of $802.15. The company has a market cap of $20,150.00, a PE ratio of 16.40, a P/E/G ratio of 1.31 and a beta of 0.71. The company has a quick ratio of 0.14, a current ratio of 0.93 and a debt-to-equity ratio of -3.27.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, beating analysts’ consensus estimates of $9.90 by $0.10. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $9.36 EPS. equities analysts expect that AutoZone, Inc. will post 46.73 earnings per share for the current fiscal year.

Several research firms have recently commented on AZO. Wedbush reissued a “hold” rating and issued a $580.00 target price (down previously from $590.00) on shares of AutoZone in a report on Wednesday, September 20th. Citigroup reissued a “buy” rating and issued a $700.00 target price on shares of AutoZone in a report on Wednesday, September 20th. UBS Group reissued a “buy” rating and issued a $655.00 target price (down previously from $725.00) on shares of AutoZone in a report on Wednesday, September 20th. Barclays upped their price target on shares of AutoZone from $710.00 to $800.00 in a research note on Thursday, December 7th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $720.00 price target on shares of AutoZone in a research note on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $717.24.

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AutoZone Profile

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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