How Analysts Feel About Autozone Incorporated (NYSE:AZO) After Decrease in Sellers?

December 7, 2017 - By Peter Erickson

 How Analysts Feel About Autozone Incorporated (NYSE:AZO) After Decrease in Sellers?

Investors sentiment decreased to 0.85 in 2017 Q2. Its down 0.02, from 0.87 in 2017Q1. It dived, as 81 investors sold AutoZone, Inc. shares while 174 reduced holdings. 70 funds opened positions while 147 raised stakes. 26.61 million shares or 3.74% less from 27.65 million shares in 2017Q1 were reported.
Legacy Private Comm, Wisconsin-based fund reported 1,824 shares. Employees Retirement Sys Of Ohio reported 0.14% stake. Nelson Van Denburg Campbell Wealth Mgmt Group Inc Limited Company, Nebraska-based fund reported 4 shares. Principal Finance Gru Incorporated holds 0.28% or 492,715 shares in its portfolio. Honeywell Incorporated reported 44,200 shares. Manning And Napier Advisors Limited Liability Com holds 0.49% or 100,483 shares. Pinebridge Ltd Partnership has invested 0.02% in AutoZone, Inc. (NYSE:AZO). Commonwealth State Bank Of holds 0% of its portfolio in AutoZone, Inc. (NYSE:AZO) for 117 shares. Neuberger Berman Ltd Liability Co reported 716 shares. Moreover, Conning Inc has 0.02% invested in AutoZone, Inc. (NYSE:AZO) for 1,194 shares. Qs Invsts Limited Liability Co owns 340 shares or 0% of their US portfolio. Two Sigma Securities Limited Liability Company holds 0.19% of its portfolio in AutoZone, Inc. (NYSE:AZO) for 1,772 shares. Kentucky Retirement System invested 0.08% in AutoZone, Inc. (NYSE:AZO). Lsv Asset Management holds 0.03% of its portfolio in AutoZone, Inc. (NYSE:AZO) for 29,440 shares. 13,986 are owned by Macquarie Grp Limited.

The stock of Autozone Incorporated (NYSE:AZO) registered a decrease of 4.4% in short interest. AZO’s total short interest was 1.96M shares in December as published by FINRA. Its down 4.4% from 2.05 million shares, reported previously. With 448,600 shares average volume, it will take short sellers 4 days to cover their AZO’s short positions.

The stock increased 0.53% or $3.69 during the last trading session, reaching $702.34. About 419,404 shares traded. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since December 7, 2016 and is downtrending. It has underperformed by 27.65% the S&P500.

AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company has market cap of $19.15 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 15.68 P/E ratio. The firm also provides A/C compressors, batteries and accessories, 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.

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 67 analyst reports since August 24, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, December 14 by Atlantic Securities. As per Thursday, July 6, the company rating was maintained by RBC Capital Markets. Goldman Sachs upgraded the shares of AZO in report on Tuesday, May 30 to “Buy” rating. The rating was downgraded by Guggenheim on Wednesday, December 6 to “Hold”. The stock of AutoZone, Inc. (NYSE:AZO) earned “Buy” rating by Citigroup on Tuesday, August 25. The rating was downgraded by Stephens to “Equal-Weight” on Wednesday, May 24. The company was maintained on Friday, November 10 by RBC Capital Markets. The stock of AutoZone, Inc. (NYSE:AZO) has “Hold” rating given on Thursday, October 26 by Jefferies. The firm earned “Mkt Perform” rating on Tuesday, May 23 by Raymond James. The stock of AutoZone, Inc. (NYSE:AZO) earned “Outperform” rating by Wedbush on Tuesday, February 16.

More notable recent AutoZone, Inc. (NYSE:AZO) news were published by: Nasdaq.com which released: “Earnings Reaction History: AutoZone Inc., 27.3% Follow-Through Indicator, 2.6 …” on December 05, 2017, also Seekingalpha.com with their article: “AutoZone’s Negative Book Value” published on November 08, 2017, Globenewswire.com published: “AutoZone to Release First Quarter Earnings December 5, 2017” on November 14, 2017. More interesting news about AutoZone, Inc. (NYSE:AZO) were released by: Nasdaq.com and their article: “AutoZone Inc. Reveals 1% Advance In Q1 Profit” published on December 05, 2017 as well as Investorplace.com‘s news article titled: “AutoZone, Inc. Stock Revs Up on Q1 Earnings Beat” with publication date: December 05, 2017.

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