DekaBank Deutsche Girozentrale Has $58.25 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

DekaBank Deutsche Girozentrale lifted its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,447 shares of the company's stock after buying an additional 88 shares during the period. DekaBank Deutsche Girozentrale owned about 0.09% of AutoZone worth $58,253,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AZO. GAMMA Investing LLC lifted its stake in shares of AutoZone by 435,031.1% in the first quarter. GAMMA Investing LLC now owns 770,182 shares of the company's stock valued at $2,936,535,000 after buying an additional 770,005 shares during the period. Norges Bank bought a new stake in shares of AutoZone in the 4th quarter valued at approximately $834,556,000. Wealthfront Advisers LLC grew its stake in shares of AutoZone by 6,083.9% in the 4th quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company's stock valued at $290,281,000 after purchasing an additional 89,190 shares during the period. Barclays PLC raised its holdings in shares of AutoZone by 82.6% in the 4th quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after buying an additional 77,015 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of AutoZone by 22.0% during the 4th quarter. Northern Trust Corp now owns 204,748 shares of the company's stock worth $655,603,000 after buying an additional 36,916 shares during the period. Institutional investors own 92.74% of the company's stock.

AutoZone Price Performance

Shares of NYSE AZO traded down $26.32 during midday trading on Friday, reaching $3,702.16. 105,635 shares of the stock were exchanged, compared to its average volume of 130,844. AutoZone, Inc. has a 12 month low of $2,894.02 and a 12 month high of $3,916.81. The business has a 50-day simple moving average of $3,704.16 and a two-hundred day simple moving average of $3,562.97. The company has a market capitalization of $62.12 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 2.21 and a beta of 0.39.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $37.07 by ($1.71). AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the company earned $36.69 earnings per share. The firm's revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Activity at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 27,500 shares of AutoZone stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $3,708.93, for a total value of $101,995,575.00. Following the sale, the chairman owned 8,546 shares of the company's stock, valued at $31,696,515.78. This trade represents a 76.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Domingo Hurtado sold 4,800 shares of AutoZone stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the completion of the sale, the vice president directly owned 159 shares in the company, valued at approximately $581,940. This represents a 96.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,662 shares of company stock valued at $131,999,089. Corporate insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AZO shares. JPMorgan Chase & Co. lifted their price objective on AutoZone from $3,830.00 to $4,350.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Wells Fargo & Company set a $4,200.00 price target on shares of AutoZone and gave the company an "overweight" rating in a research report on Monday, May 19th. DA Davidson boosted their price target on shares of AutoZone from $4,192.00 to $4,850.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. UBS Group raised their price objective on shares of AutoZone from $4,025.00 to $4,260.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Guggenheim boosted their target price on AutoZone from $3,850.00 to $4,100.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, AutoZone presently has a consensus rating of "Buy" and a consensus target price of $4,087.00.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.