Toronto Dominion Bank Boosts Position in AutoZone, Inc. (AZO)

Toronto Dominion Bank boosted its stake in AutoZone, Inc. (NYSE:AZO) by 20.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,396 shares of the company’s stock after purchasing an additional 2,649 shares during the period. Toronto Dominion Bank owned about 0.06% of AutoZone worth $9,169,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AZO. Creative Planning increased its holdings in AutoZone by 0.7% in the 2nd quarter. Creative Planning now owns 1,986 shares of the company’s stock valued at $1,133,000 after purchasing an additional 14 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in AutoZone by 5.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,960 shares of the company’s stock valued at $5,172,000 after purchasing an additional 453 shares during the last quarter. Tealwood Asset Management Inc. increased its holdings in AutoZone by 2.3% in the 2nd quarter. Tealwood Asset Management Inc. now owns 2,100 shares of the company’s stock valued at $1,198,000 after purchasing an additional 48 shares during the last quarter. Alpha Windward LLC increased its holdings in AutoZone by 3.2% in the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after purchasing an additional 8 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in AutoZone by 3.1% in the 2nd quarter. Aperio Group LLC now owns 21,558 shares of the company’s stock valued at $12,298,000 after purchasing an additional 644 shares during the last quarter. Hedge funds and other institutional investors own 98.25% of the company’s stock.

Several analysts recently weighed in on AZO shares. Royal Bank Of Canada dropped their target price on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a report on Wednesday, September 20th. Zacks Investment Research downgraded shares of AutoZone from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. UBS AG reiterated 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. Robert W. Baird reiterated a “hold” rating and issued a $590.00 target price on shares of AutoZone in a report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of AutoZone in a report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $724.45.

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In related news, Director William Andrew Mckenna sold 3,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total value of $1,754,880.00. Following the completion of the sale, the director now directly owns 8,131 shares of the company’s stock, valued at $4,756,309.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by insiders.

AutoZone, Inc. (NYSE:AZO) opened at $609.14 on Thursday. The company has a debt-to-equity ratio of -3.56, a quick ratio of 0.15 and a current ratio of 0.97. The company has a market cap of $16,750.00, a price-to-earnings ratio of 13.79, a P/E/G ratio of 1.12 and a beta of 0.65. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $813.70.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, beating analysts’ consensus estimates of $15.11 by $0.07. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The firm had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the company earned $14.30 earnings per share. AutoZone’s quarterly revenue was up 3.3% compared to the same quarter last year. analysts expect that AutoZone, Inc. will post 46.78 EPS for the current year.

About AutoZone

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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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