The stock of AutoZone, Inc. (NYSE:AZO) is a huge mover today! About 267,972 shares traded hands. AutoZone, Inc. (NYSE:AZO) has declined 6.19% since April 13, 2016 and is downtrending. It has underperformed by 10.11% the S&P500.
The move comes after 7 months positive chart setup for the $20.91B company. It was reported on Nov, 15 by Barchart.com. We have $1006.01 PT which if reached, will make NYSE:AZO worth $7.32B more.
AutoZone, Inc. (NYSE:AZO) Ratings Coverage
Out of 12 analysts covering Autozone Inc. (NYSE:AZO), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. Autozone Inc. has been the topic of 24 analyst reports since August 24, 2015 according to StockzIntelligence Inc. Credit Suisse maintained AutoZone, Inc. (NYSE:AZO) on Friday, October 21 with “Outperform” rating. The stock of AutoZone, Inc. (NYSE:AZO) earned “Buy” rating by Citigroup on Tuesday, August 25. On Tuesday, February 16 the stock rating was upgraded by Wedbush to “Outperform”. Morgan Stanley upgraded the shares of AZO in a report on Tuesday, September 27 to “Overweight” rating. The rating was upgraded by Bank of America on Monday, August 24 to “Buy”. The stock has “Outperform” rating given by Credit Suisse on Wednesday, March 2. The stock of AutoZone, Inc. (NYSE:AZO) earned “Hold” rating by Deutsche Bank on Wednesday, December 9. The firm has “Buy” rating by Bank of America given on Sunday, August 30. The rating was maintained by UBS with “Neutral” on Wednesday, December 9. The firm has “Neutral” rating given on Friday, September 23 by Goldman Sachs.
According to Zacks Investment Research, “Autozone is the nation’s leading specialty retailer of automotive parts and accessories, primarily focusing on do-it-yourself customers. Each of the company’s auto parts store carries an extensive product line for cars, vans and light trucks, including new and re-manufactured automotive hard parts, maintenance items, and accessories. Many of the company’s domestic auto parts stores also has a commercial sales program, which provides commercial credit and prompt delivery of parts and other products to local repair garages, dealers and service stations.”
Insitutional Activity: The institutional sentiment decreased to 0.69 in 2016 Q2. Its down 0.16, from 0.85 in 2016Q1. The ratio dropped, as 55 funds sold all AutoZone, Inc. shares owned while 216 reduced positions. 35 funds bought stakes while 151 increased positions. They now own 27.13 million shares or 20.03% less from 33.93 million shares in 2016Q1.
Goldman Sachs Grp accumulated 119,707 shares or 0.03% of the stock. Blackrock Ltd Company accumulated 52,047 shares or 0.04% of the stock. Amf Pensionsforsakring has 0.44% invested in the company for 42,765 shares. Schwab Charles Invest Inc reported 82,014 shares or 0.08% of all its holdings. The Michigan-based State Treasurer State Of Michigan has invested 0.08% in AutoZone, Inc. (NYSE:AZO). Private Advisor Group Llc reported 493 shares or 0.02% of all its holdings. The Maryland-based Sandy Spring Savings Bank has invested 0% in AutoZone, Inc. (NYSE:AZO). Moreover, Arcadia Inv Mgmt Mi has 0% invested in AutoZone, Inc. (NYSE:AZO) for 13 shares. Lpl Financial Limited Liability Com has invested 0.02% of its portfolio in AutoZone, Inc. (NYSE:AZO). Invesco Limited has 230,669 shares for 0.07% of their US portfolio. Blackrock Fund Advsrs holds 670,954 shares or 0.12% of its portfolio. Gerstein Fisher last reported 540 shares in the company. Rand Wealth Ltd Limited Liability Company last reported 2,070 shares in the company. Tci Wealth Advsr holds 0.02% of its portfolio in AutoZone, Inc. (NYSE:AZO) for 38 shares. Stephens Incorporated Ar has invested 0.03% of its portfolio in AutoZone, Inc. (NYSE:AZO).
Insider Transactions: Since July 5, 2016, the stock had 0 insider buys, and 6 sales for $23.08 million net activity. 1,000 shares were sold by GRAVES EARL G JR, worth $795,238 on Tuesday, July 19. Hackney William R. sold $1.18M worth of stock or 1,450 shares. Shares for $13.49 million were sold by Newbern Thomas B on Thursday, August 11. Saltiel Albert also sold $1.33 million worth of AutoZone, Inc. (NYSE:AZO) on Wednesday, July 6. $3.88M worth of shares were sold by GRIFFIN RONALD B on Friday, July 8. 3,000 shares were sold by MCKENNA WILLIAM ANDREW, worth $2.40M.
More news for AutoZone, Inc. (NYSE:AZO) were recently published by: Seekingalpha.com, which released: “Autozone Inc.: Overleveraged And Under-Owned By Management” on October 28, 2016. Investorplace.com‘s article titled: “3 Big Charts for Friday: Twitter Inc (TWTR), AutoZone, Inc. (AZO) and Dollar …” and published on September 02, 2016 is yet another important article.
AZO Company Profile
Autozone, Inc., incorporated on November 25, 1991, is a retailer and distributor of automotive replacement parts and accessories in the United States. The Firm 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. The Company’s stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Company’s domestic stores also have a commercial sales program, which provides commercial credit and delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts. The Company’s other operating divisions include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry; E-commerce, which includes direct sales to clients through www.autozone.com, and AutoAnything, which includes direct sales to clients through www.autoanything.com.
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