Mirae Asset Global Investments Co. Ltd. Has $10.59 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Mirae Asset Global Investments Co. Ltd. increased its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,808 shares of the company's stock after acquiring an additional 274 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in AutoZone were worth $10,589,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AZO. Headlands Technologies LLC purchased a new stake in AutoZone in the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC purchased a new stake in AutoZone in the 4th quarter valued at approximately $32,000. Harbour Investments Inc. lifted its stake in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new stake in AutoZone in the 4th quarter valued at approximately $45,000. Finally, Itau Unibanco Holding S.A. lifted its stake in AutoZone by 750.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock valued at $54,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

AutoZone Trading Down 0.5%

AutoZone stock traded down $18.34 during mid-day trading on Thursday, hitting $3,667.00. 84,630 shares of the company's stock were exchanged, compared to its average volume of 130,139. The stock has a market cap of $61.54 billion, a P/E ratio of 24.82, a P/E/G ratio of 2.22 and a beta of 0.39. AutoZone, Inc. has a 1-year low of $2,801.49 and a 1-year high of $3,916.81. The stock has a 50 day moving average of $3,699.17 and a two-hundred day moving average of $3,539.48.

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

Insiders Place Their Bets

In related news, CFO Jamere Jackson sold 2,612 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $3,728.05, for a total value of $9,737,666.60. Following the completion of the sale, the chief financial officer owned 427 shares in the company, valued at approximately $1,591,877.35. This trade represents a 85.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Domingo Hurtado sold 4,800 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the sale, the vice president owned 159 shares of the company's stock, valued at approximately $581,940. The trade was a 96.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,662 shares of company stock valued at $131,999,089. 2.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AZO shares. Roth Mkm upped their target price on AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Bank of America raised AutoZone from a "neutral" rating to a "buy" rating and increased their target price for the stock from $3,900.00 to $4,800.00 in a research report on Wednesday, May 21st. UBS Group boosted their price target on AutoZone from $4,025.00 to $4,260.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Wall Street Zen raised AutoZone from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Argus lowered AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target 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.