AutoZone, Inc. (NYSE:AZO) Experiences Heavier than Usual Trading Volume

Geronimo Vena
Agosto 26, 2017

About 512,592 shares traded or 22.73% up from the average. Veracyte Inc (NASDAQ:VCYT) has risen 56.46% since August 25, 2016 and is uptrending. It has outperformed by 4.02% the S&P500. Ontario Teachers Pension Plan Board sold 1,330 shares as Autozone Inc (AZO)'s stock declined 9.10%. (NYSE:AZO) is a huge mover today!

The chart of AutoZone, Inc. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since August 26, 2016 and is downtrending. It has underperformed by 27.65% the S&P500. It was reported on Aug, 26 by (NYSE:AZO) is -33.03%, -14.08% over the last quarter, and -28.60% for the past six months. They expect $15.22 EPS, up 6.43% or $0.92 from last year's $14.3 per share. The expected AZO's profit could reach $441.11 million giving the stock 8.69 P/E in the case that $15.22 earnings per share is reported. PA owned 0.14% of AutoZone worth $22,747,000 at the end of the most recent reporting period. (NYSE:AZO). Daiwa Sb Invs accumulated 0.16% or 760 shares. Halsell Rodney C. had sold 14,300 shares worth $10.36 million.

Autozone, Inc., launched on November 25, 1991, is a retailer and distributor of automotive replacement parts and accessories in the United States.

AutoZone, Inc. now has a P/E ratio of 12.22 and the market cap is 14.83B. (NYSE:AZO) Auto Parts Stores is valued at 14.66B. The company reported $11.44 EPS for the quarter, missing analysts' consensus estimates of $12.00 by $0.56.

As of May 6, 2017, AutoZone sells auto and light truck parts, chemicals and accessories through 5,381 AutoZone stores in 50 states plus the District of Columbia and Puerto Rico in the USA, and 499 stores in Mexico, 26 IMC branches and nine stores in Brazil for a total count of 5,915.

Among 21 analysts covering Autozone Inc. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Therefore 52% are positive. The lowest target is $108.0 while the high is $115.0.

Stock exchanges work according to the invisible hand of supply and demand, which determines the price where stocks are bought and sold.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, May 23rd. (NYSE:AZO) has "Outperform" rating given on Friday, October 21 by Credit Suisse. Goldman Sachs maintained AutoZone, Inc. The firm earned "Hold" rating on Thursday, July 27 by Stifel Nicolaus. The firm has "Neutral" rating by UBS given on Wednesday, December 9. Finally, ValuEngine cut AutoZone from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd. Citigroup Inc. reduced their target price on AutoZone from $920.00 to $750.00 and set a buy rating for the company in a report on Thursday, May 25th.

Shares of AutoZone (AZO) opened at 511.63 on Wednesday.

Investors sentiment increased to 1.22 in Q4 2016. Its down 0.03, from 0.88 in 2016Q3. It improved, as 37 investors sold AZO shares while 209 reduced holdings. 71 funds opened positions while 145 raised stakes. Daiwa Secs Gp has invested 0% in AutoZone, Inc. The shares were sold at an average price of $581.10, for a total transaction of $5,811,000.00.

Santa Barbara Asset Management Llc decreased Nielsen Holdings Plc stake by 64,629 shares to 2.02 million valued at $84.78 million in 2016Q4. Bancorporation Of Montreal Can reported 36,618 shares or 0.03% of all its holdings. (NYSE:AZO). Balyasny Asset Mngmt Limited Liability Com stated it has 0.3% of its portfolio in AutoZone, Inc. (NYSE:AZO). Nordea Investment invested 1.55% of its portfolio in AutoZone, Inc. More interesting news about AutoZone, Inc. BTIM Corp. boosted its stake in shares of AutoZone by 6.9% in the first quarter. The Minnesota-based Leuthold Gp Inc Limited Co has invested 0.56% in AutoZone, Inc. (NYSE:AZO) on Wednesday, May 24 to "Equal-Weight" rating. Millennium Mngmt Ltd reported 2,857 shares.

Petrus Trust Company Lta holds 6.44% of its portfolio in AutoZone, Inc. for 33,200 shares. (NYSE:AZO) for 420 shares. (NYSE:AZO) for 60 shares. Tower Ltd Liability Co (Trc) has 0% invested in Novogen Limited (ADR) (NASDAQ:NVGN) for 100 shares. Nippon Life Insurance Co. increased its position in AutoZone by 0.4% in the second quarter. (NASDAQ:PLAY) for 4,874 shares. Citadel Advisors Lc accumulated 228,958 shares.

Investors sentiment decreased to 0.95 in 2016 Q4. Its up 1.50, from 2 in 2016Q3. Atria Llc holds 0.02% of its portfolio in Dave & Buster's Entertainment, Inc. Renaissance Technologies Ltd Limited Liability Company holds 137,300 shares. Bp Public Limited Liability Company owns 3,800 shares or 0.11% of their United States portfolio. 91,661 are held by Wall Street Associate. The stock rose 0.33% or $1.69 reaching $519.11. Arrowgrass Capital Prns (Us) LP reported 0.02% stake.

Gartner, an information technology research and advisory company. Alpha Windward LLC now owns 259 shares of the company's stock worth $148,000 after buying an additional 8 shares in the last quarter. 8,052 are held by Intll Gru.

Since January 1, 0001, it had 0 insider purchases, and 10 sales for $7.04 million activity. 2,226 Veracyte Inc (NASDAQ:VCYT) shares with value of $17,986 were sold by TREU JESSE I. Earl G. Jr Graves, Director sold $602,500 worth of shares at an average price of $602.50 on Thursday the 8th.

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