The Zacks Investment Research Upgrades AutoZone, Inc. (AZO) to “Hold”

The firm purchased 6,857 shares of the company’s stock, valued at approximately $3,912,000. The institutional investor held 34,730 shares of the major banks company at the end of 2016Q4, valued at $2.70M, down from 46,380 at the end of the previous reported quarter.

The stock increased 0.53% or $1.3 during the last trading session, reaching $247.63. 162,422 shares of the stock traded hands. It has outperformed by 16.78% the S&P500.

Bnp Paribas Investment Partners Sa decreased Autozone Inc (AZO) stake by 88.75% reported in 2016Q4 SEC filing. Acadian Asset Management LLC now owns 20,003 shares of the company’s stock worth $14,462,000 after buying an additional 8,222 shares in the last quarter.

Greystone Managed Investments Inc increased Celgene Corp (NASDAQ:CELG) stake by 12,185 shares to 67,143 valued at $7.77M in 2016Q4. Autozone Inc Com now has $14.59B valuation. Greystone Managed Investments Inc sold 14,177 shares as Masco Corp (MAS)’s stock rose 10.38%.

AutoZone (NYSE AZO) traded down 0.89% during midday trading on Tuesday, hitting $520.70. It has underperformed by 27.65% the S&P500.

Citigroup Inc. lowered shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, May 23rd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Therefore 52% are positive. American Beacon Advisors Inc. bought a new position in AutoZone during the first quarter valued at about $104,000. The rating was maintained by Credit Suisse on Monday, July 17 with “Buy”.

In other news, Director William Andrew Mckenna bought 300 shares of the company’s stock in a transaction on Thursday, July 13th. The rating was upgraded by Goldman Sachs on Tuesday, May 30 to “Buy”. The stock presently has an average rating of “Hold” and an average price target of $774.36. Barclays PLC decreased their target price on shares of AutoZone from $870.00 to $710.00 and set an “overweight” rating for the company in a research note on Thursday, July 6th. (NYSE:AZO) on Thursday, July 6 to “Equal-Weight” rating. Salem Investment Counselors Inc. raised its position in AutoZone by 3.5% in the second quarter. (NYSE:AZO) on Friday, April 15 with “Buy” rating. The firm earned “Sector Perform” rating on Wednesday, December 9 by RBC Capital Markets. The firm earned “Buy” rating on Monday, September 12 by UBS.

Analysts await AutoZone, Inc.

Several other research firms have also issued reports on AZO. AZO’s profit will be $426.57M for 8.55 P/E if the $15.22 EPS becomes a reality. Morgan Stanley downgraded AutoZone, Inc.

Investors sentiment decreased to 0.85 in Q4 2016. Its down 0.02, from 0.87 in 2016Q3. It worsened, as 37 investors sold AutoZone, Inc. shares while 209 reduced holdings. 71 funds opened positions while 145 raised stakes. (NYSE:AZO). Everence Cap has 0.15% invested in AutoZone, Inc. It also upped Exxon Mobil Corp Com (NYSE:XOM) stake by 30,692 shares and now owns 207,151 shares. OppenheimerFunds Inc. raised its position in AutoZone by 103.6% in the first quarter. Gam Ag accumulated 21,126 shares. Strs Ohio invested in 1,123 shares. Apg Asset Mgmt Nv invested in 90,578 shares. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2017/08/29/autozone-inc-azo-shares-bought-by-fjarde-ap-fonden-fourth-swedish-national-pension-fund.html. Garrison Financial Corporation invested 2.43% of its portfolio in AutoZone, Inc. Thrivent Fin For Lutherans owns 197,280 shares or 0.69% of their USA portfolio. Sterling Limited Liability Com has 876 shares for 0.01% of their portfolio. Following the sale, the director now owns 4,431 shares in the company, valued at approximately $2,669,677.50.

Sandell Asset Management holds 18.38% of its portfolio in Bob Evans Farms Inc for 1.26 million shares. The stock of AutoZone, Inc. (NYSE:AZO) news were published by: Bizjournals.com which released: “In the Zone, Memphis auto parts retailer celebrates store 6000” on August 25, 2017, also Nasdaq.com with their article: “Gates Capital Management, Inc”. More interesting news about AutoZone, Inc. Wellington Mngmt Grp Inc Llp holds 0.05% in AutoZone, Inc.

Since March 1, 2017, it had 0 insider buys, and 3 insider sales for $11.68 million activity. $714,955 worth of AutoZone, Inc. Moreover, Torray Llc has 1.97% invested in the company for 106,037 shares. Meritage Port reported 87,713 shares. Advsrs Capital Lc stated it has 0.16% in State Street Corp (NYSE:STT). Bp Public Ltd Llc owns 3,800 shares or 0.11% of their U.S. portfolio. The California-based Pacific Global Investment Management Co has invested 0.75% in the stock. Missouri-based Ent Fincl Serv Corp has invested 0.03% in State Street Corp (NYSE:STT). 82,164 were accumulated by Scopus Asset Mngmt Lp. Moreover, Netols Asset Management Inc. has 1.86% invested in the company for 169,735 shares. Manufacturers Life The reported 0.07% stake. Lpl Financial Ltd Co holds 4,036 shares. Graves William W had sold 12,000 shares worth $8.84M on Wednesday, March 1. Fox Run Management L.L.C. purchased a new stake in shares of AutoZone during the first quarter worth about $213,000.

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