Hanseatic Management Services Inc. Purchases New Position in AutoZone, Inc. (AZO)

Hanseatic Management Services Inc. purchased a new stake in AutoZone, Inc. (NYSE:AZO) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 691 shares of the company’s stock, valued at approximately $708,000.

A number of other hedge funds also recently bought and sold shares of AZO. Berman Capital Advisors LLC acquired a new stake in shares of AutoZone in the fourth quarter valued at approximately $26,000. Penserra Capital Management LLC acquired a new stake in shares of AutoZone in the fourth quarter valued at approximately $30,000. Lindbrook Capital LLC acquired a new stake in shares of AutoZone in the fourth quarter valued at approximately $35,000. Legacy Bridge LLC acquired a new stake in shares of AutoZone in the first quarter valued at approximately $38,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of AutoZone in the fourth quarter valued at approximately $75,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

In other news, Director Earl G. Graves, Jr. sold 250 shares of AutoZone stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $1,038.68, for a total value of $259,670.00. Following the transaction, the director now owns 4,357 shares in the company, valued at approximately $4,525,528.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Philip B. Daniele sold 740 shares of AutoZone stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $920.00, for a total value of $680,800.00. Following the completion of the transaction, the insider now owns 1,105 shares in the company, valued at approximately $1,016,600. The disclosure for this sale can be found here. Insiders sold a total of 10,640 shares of company stock valued at $10,370,907 over the last ninety days. Insiders own 2.80% of the company’s stock.

NYSE:AZO traded up $4.88 during mid-day trading on Wednesday, hitting $1,037.13. 75,014 shares of the stock were exchanged, compared to its average volume of 307,825. The stock has a market cap of $24.49 billion, a P/E ratio of 20.60, a PEG ratio of 1.32 and a beta of 0.67. AutoZone, Inc. has a fifty-two week low of $597.00 and a fifty-two week high of $1,074.67.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $15.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $15.23 by $0.76. The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.77 billion. AutoZone had a negative return on equity of 98.24% and a net margin of 12.49%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $13.42 EPS. As a group, equities research analysts predict that AutoZone, Inc. will post 61.74 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on AZO shares. Zacks Investment Research raised AutoZone from a “hold” rating to a “buy” rating and set a $979.00 price objective for the company in a research report on Monday, February 11th. ValuEngine raised AutoZone from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Deutsche Bank raised their price objective on AutoZone from $960.00 to $1,035.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Bank of America raised AutoZone from a “neutral” rating to a “buy” rating in a research report on Monday, March 11th. Finally, Citigroup initiated coverage on AutoZone in a research report on Monday, April 1st. They issued a “buy” rating and a $1,206.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $1,004.50.

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AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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