Campbell Capital Management Inc. Buys Shares of 200 AutoZone, Inc. (NYSE:AZO)


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Campbell Capital Management Inc. bought a new stake in AutoZone, Inc. (NYSE:AZO) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 200 shares of the company’s stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AZO. Norges Bank acquired a new stake in AutoZone in the 4th quarter valued at approximately $294,223,000. JPMorgan Chase & Co. lifted its position in shares of AutoZone by 25.7% in the 4th quarter. JPMorgan Chase & Co. now owns 894,776 shares of the company’s stock worth $1,060,706,000 after acquiring an additional 182,966 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of AutoZone by 42.8% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 550,215 shares of the company’s stock worth $652,247,000 after acquiring an additional 164,933 shares during the period. Morgan Stanley lifted its position in shares of AutoZone by 153.1% in the 4th quarter. Morgan Stanley now owns 177,777 shares of the company’s stock worth $210,745,000 after acquiring an additional 107,539 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of AutoZone by 9.8% in the 4th quarter. Nordea Investment Management AB now owns 607,219 shares of the company’s stock worth $719,822,000 after acquiring an additional 54,381 shares during the period. 91.56% of the stock is currently owned by hedge funds and other institutional investors.

AZO traded down $8.71 during trading on Thursday, hitting $1,414.56. The company’s stock had a trading volume of 1,567 shares, compared to its average volume of 252,528. The firm’s 50 day moving average price is $1,283.54 and its two-hundred day moving average price is $1,201.06. AutoZone, Inc. has a 12 month low of $891.19 and a 12 month high of $1,446.24. The stock has a market capitalization of $31.17 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 2.95 and a beta of 0.83.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Monday, March 1st. The company reported $14.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $12.84 by $2.09. AutoZone had a negative return on equity of 139.08% and a net margin of 14.05%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the company posted $12.39 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, analysts predict that AutoZone, Inc. will post 75 earnings per share for the current year.

In other news, VP Albert Saltiel sold 3,200 shares of AutoZone stock in a transaction on Wednesday, March 24th. The stock was sold at an average price of $1,345.65, for a total value of $4,306,080.00. Following the completion of the sale, the vice president now directly owns 3,389 shares of the company’s stock, valued at approximately $4,560,407.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mitchell C. Major sold 2,130 shares of AutoZone stock in a transaction on Friday, January 8th. The shares were sold at an average price of $1,245.62, for a total value of $2,653,170.60. Following the completion of the sale, the vice president now directly owns 2,722 shares of the company’s stock, valued at $3,390,577.64. The disclosure for this sale can be found here. Insiders sold a total of 30,477 shares of company stock valued at $38,615,664 over the last three months. Insiders own 2.80% of the company’s stock.

AZO has been the subject of a number of research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on AutoZone in a research report on Monday, March 15th. They issued a “buy” rating and a $1,424.00 price objective for the company. Jefferies Financial Group upgraded AutoZone from a “hold” rating to a “buy” rating and set a $1,325.00 price objective for the company in a research report on Friday, December 11th. Oppenheimer reiterated a “buy” rating and issued a $1,500.00 price objective on shares of AutoZone in a research report on Wednesday, March 3rd. Citigroup initiated coverage on AutoZone in a research report on Monday, March 15th. They issued a “buy” rating and a $1,424.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on AutoZone in a research report on Wednesday, March 10th. They issued a “buy” rating and a $1,424.00 price objective for the company. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $1,383.04.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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