Autozone Inc (NYSE:AZO) Institutional Investor Sentiment Analysis

December 12, 2017 - By Clifton Ray

 Autozone Inc (NYSE:AZO) Institutional Investor Sentiment Analysis

Sentiment for Autozone Inc (NYSE:AZO)

Autozone Inc (NYSE:AZO) institutional sentiment decreased to 0.85 in 2017 Q2. Its down -0.02, from 0.87 in 2017Q1. The ratio is negative, as 217 investment managers increased or opened new positions, while 255 sold and trimmed equity positions in Autozone Inc. The investment managers in our partner’s database now possess: 26.61 million shares, down from 27.65 million shares in 2017Q1. Also, the number of investment managers holding Autozone Inc in their top 10 positions decreased from 13 to 8 for a decrease of 5. Sold All: 81 Reduced: 174 Increased: 147 New Position: 70.

AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company has market cap of $19.42 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 15.9 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.

The stock increased 0.51% or $3.63 during the last trading session, reaching $712.24. About 37,663 shares traded. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since December 12, 2016 and is downtrending. It has underperformed by 27.65% the S&P500.

Tyvor Capital Llc holds 7.76% of its portfolio in AutoZone, Inc. for 69,943 shares. Petrus Trust Company Lta owns 34,850 shares or 4.63% of their US portfolio. Moreover, Td Capital Management Llc has 4.37% invested in the company for 25,697 shares. The Ontario – Canada-based Ci Global Investments Inc. has invested 3.47% in the stock. Forester Capital Management Ltd, a Illinois-based fund reported 4,306 shares.#img1#

AutoZone, Inc. (NYSE:AZO) Ratings Coverage

Ratings analysis reveals 48% of Autozone Inc.’s analysts are positive. Out of 23 Wall Street analysts rating Autozone Inc., 11 give it “Buy”, 0 “Sell” rating, while 12 recommend “Hold”. The lowest target is $571.0 while the high is $900. The stock’s average target of $726.56 is 2.01% above today’s ($712.24) share price. AZO was included in 67 notes of analysts from August 24, 2015. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, September 23. Bank of America maintained the stock with “Buy” rating in Tuesday, September 5 report. The rating was downgraded by Guggenheim on Wednesday, December 6 to “Hold”. The firm has “Buy” rating by ValuEngine given on Thursday, May 25. UBS maintained it with “Buy” rating and $810.0 target in Wednesday, December 6 report. The stock of AutoZone, Inc. (NYSE:AZO) earned “Buy” rating by IBC on Thursday, May 25. On Monday, July 17 the stock rating was maintained by Credit Suisse with “Buy”. On Wednesday, December 9 the stock rating was maintained by Deutsche Bank with “Hold”. UBS maintained the shares of AZO in report on Wednesday, December 9 with “Neutral” rating. Bank of America maintained AutoZone, Inc. (NYSE:AZO) on Sunday, August 30 with “Buy” rating.

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 Nasdaq.com with their article: “AutoZone Inc. Reveals 1% Advance In Q1 Profit” published on December 05, 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 (AZO) Chairman, President & CEO William C Rhodes Iii Sold $18.6 …” published on December 08, 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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