AutoZone, Inc. (NASDAQ:AZO) To Release Earnings

Several other large investors also recently added to or reduced their stakes in AZO. Wells Fargo & Company MN increased its stake in shares of AutoZone by 14.5% in the third quarter. Wells Fargo & Company MN now owns 63,437 shares of the company's stock valued at $48,742,000 after buying an additional 8,049 shares during the last quarter. Rothschild Asset Management Inc. increased its stake in AutoZone by 60.7% in the third quarter. UBS Asset Management Americas Inc. now owns 105,543 shares of the company's stock valued at $83,357,000 after buying an additional 544 shares during the period. BTIM Corp. boosted its position in shares of AutoZone by 6.9% in the first quarter.

Revenues rose 1.0% from past year to $2.62 billion, but also missed analysts' view for $2.7 billion. Alpha Windward LLC increased its position in AutoZone by 0.8% in the first quarter. Commonwealth Bank of Australia now owns 162 shares of the company's stock valued at $125,000 after buying an additional 35 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of AutoZone during the fourth quarter valued at about $92,872,000. Following the sale, the insider now directly owns 14,667 shares in the company, valued at approximately $10,806,352.26. Moreover, Sun Life Fincl has 0% invested in AutoZone, Inc. (NYSE:AZO) have been moving lower in early trading. Citadel Advisors Llc sold 53,800 shares as the company's stock declined 9.10% while stock markets rallied. The stock has a market cap of $16.52 billion, a P/E ratio of 13.64 and a beta of 0.58. The stock's 52-week high is $819.54. AutoZone also was the target of some unusual options trading on Tuesday. 545,723 shares of the company traded hands.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 23rd. The auto parts and accessories retailer missed the FactSet consensus for earnings per share of $11.99. AutoZone had a net margin of 11.77% and a negative return on equity of 69.22%. Revenue increased to $2.62 billion from $2.59 billion, but was below the FactSet consensus of $2.71 billion. During the same period a year ago, the firm posted $7.43 EPS.

Name SearchWatch Service' Bill Rhodes acknowledged the quarter's weakness in a presentation to analysts Tuesday, telling them that the company seems to be caught up in challenges that are "broad-based across our industry and other sectors of the economy".

Current levels places AutoZone, Inc. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of global copyright & trademark law.

State of Tennessee Treasury Department lowered its stake in shares of AutoZone, Inc. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/05/23/autozone-azo-receives-daily-media-sentiment-score-of-0-06-updated-updated.html.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. (NYSE:AZO). Caxton Associates LP invested in 0.04% or 1,000 shares. JP Morgan upgraded the shares of AZO in report on Wednesday, December 7 to "Overweight" rating. BTIG Research reaffirmed a "buy" rating and set a $900.00 price target on shares of AutoZone in a report on Wednesday, February 22nd. Finally, Jefferies Group LLC reissued a "hold" rating and set a $810.00 target price on shares of AutoZone in a research report on Tuesday, April 18th. Cleveland Research downgraded shares of AutoZone from a "buy" rating to a "neutral" rating in a research report on Monday, April 3rd. On Wednesday, March 2 the stock rating was maintained by Credit Suisse with "Outperform". The stock presently has a consensus rating of "Buy" and an average price target of $855.44. The insider GRAVES EARL G JR sold 1,000 shares worth $714,955. The shares were sold at an average price of $736.78, for a total transaction of $8,841,360.00. Following the completion of the transaction, the insider now directly owns 3,966 shares in the company, valued at approximately $2,873,525.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. On Wednesday, March 1 Graves William W sold $8.84 million worth of AutoZone, Inc. The shares were sold at an average price of $724.54, for a total value of $10,360,922.00. Also, insider Rodney C. Halsell sold 14,300 shares of the business's stock in a transaction dated Tuesday, March 21st. The disclosure for this sale can be found here. In the last three months, insiders sold 27,300 shares of company stock worth $19,917,242. The average analysts gave this company a mean recommendation of 2.30.

"While valuation metrics for AZO remain attractive, most of the key metrics we use to evaluate retailers have taken a turn for the worse over the past two quarters", Raymond James wrote in comments distributed after AutoZone's quarterly presentation to analysts.

  • Zachary Reyes