AutoZone, Inc. (AZO) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

January 20, 2018 - By Linda Rogers

Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.20, from 0.85 in 2017Q2. It improved, as 59 investors sold AutoZone, Inc. shares while 150 reduced holdings. 74 funds opened positions while 145 raised stakes. 26.58 million shares or 0.11% less from 26.61 million shares in 2017Q2 were reported.
Td Asset Mngmt owns 103,063 shares for 0.09% of their portfolio. Jane Street Gp Limited Liability accumulated 18,771 shares. First Bank Of Omaha reported 0.15% stake. Robeco Institutional Asset Mngmt Bv, Netherlands-based fund reported 427 shares. 3,354 are owned by Hightower Advsrs Limited Liability Corp. Commonwealth Bank & Trust Of Australia holds 16 shares or 0% of its portfolio. Moreover, Thompson Davis & has 0% invested in AutoZone, Inc. (NYSE:AZO) for 2 shares. Hartford Invest Mngmt reported 5,979 shares stake. Massachusetts-based State Street has invested 0.07% in AutoZone, Inc. (NYSE:AZO). The New York-based Gotham Asset Mngmt Ltd Llc has invested 0.37% in AutoZone, Inc. (NYSE:AZO). Bridgewater Assocs L P owns 21,499 shares or 0.09% of their US portfolio. Toronto Dominion Comml Bank invested 0.03% in AutoZone, Inc. (NYSE:AZO). Johnson Group Inc invested in 0% or 6 shares. Citadel Advsr Ltd Company invested in 0.03% or 55,467 shares. Financial Bank Of Montreal Can invested in 0.02% or 38,114 shares.

Since September 28, 2017, it had 0 insider buys, and 5 insider sales for $13.42 million activity. On Thursday, January 4 the insider Smith Richard Craig sold $2.05 million. Daniele Philip B. had sold 740 shares worth $577,472 on Friday, January 12. Griffith James C. sold 1,547 shares worth $1.21 million. Graves William W sold $7.82M worth of stock or 10,500 shares.

The stock of AutoZone, Inc. (NYSE:AZO) hit a new 52-week high and has $825.55 target or 4.00 % above today’s $793.80 share price. The 7 months bullish chart indicates low risk for the $21.71B company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $825.55 price target is reached, the company will be worth $868.52M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.15% or $9.01 during the last trading session, reaching $793.8. About 306,062 shares traded. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since January 20, 2017 and is downtrending. It has underperformed by 27.65% the S&P500.

Analysts await AutoZone, Inc. (NYSE:AZO) to report earnings on February, 27. They expect $8.40 earnings per share, up 3.96 % or $0.32 from last year’s $8.08 per share. AZO’s profit will be $229.77 million for 23.63 P/E if the $8.40 EPS becomes a reality. After $9.96 actual earnings per share reported by AutoZone, Inc. for the previous quarter, Wall Street now forecasts -15.66 % negative EPS growth.

AutoZone, Inc. (NYSE:AZO) Ratings Coverage

Among 23 analysts covering Autozone Inc. (NYSE:AZO), 11 have Buy rating, 0 Sell and 12 Hold. Therefore 48% are positive. Autozone Inc. had 68 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Buy” on Monday, July 17. The rating was maintained by Goldman Sachs on Friday, September 23 with “Neutral”. The firm has “Neutral” rating given on Friday, July 7 by Bank of America. On Friday, November 10 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by Oppenheimer on Tuesday, June 20 with “Buy”. The company was maintained on Wednesday, December 9 by RBC Capital Markets. The stock has “Buy” rating by UBS on Wednesday, December 6. RBC Capital Markets maintained it with “Hold” rating and $577.0 target in Friday, September 8 report. The stock of AutoZone, Inc. (NYSE:AZO) earned “Outperform” rating by Oppenheimer on Tuesday, March 22. The firm has “Hold” rating by Wedbush given on Wednesday, September 20.

More important recent AutoZone, Inc. (NYSE:AZO) news were published by: Seekingalpha.com which released: “5 Reasons AutoZone May Make An Amazing Short” on January 09, 2018, also Seekingalpha.com published article titled: “Your Profit Is Not In AutoZone’s Interest”, Seekingalpha.com published: “AutoZone Is Ready To Go Higher” on January 17, 2018. More interesting news about AutoZone, Inc. (NYSE:AZO) was released by: Seekingalpha.com and their article: “AutoZone Is Going To $800 This Year” with publication date: January 02, 2018.

AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company has market cap of $21.71 billion. It 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. It has a 17.72 P/E ratio. The company's 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, thermostats, starters and alternators, and water pumps.

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