What Will Happen to Autozone Incorporated (NYSE:AZO) Next? The Stock Has Decline in Shorts

December 7, 2017 - By Migdalia James

 What Will Happen to Autozone Incorporated (NYSE:AZO) Next? The Stock Has Decline in Shorts

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.02, from 0.87 in 2017Q1. It turned negative, 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.
Macquarie Gp has 0.01% invested in AutoZone, Inc. (NYSE:AZO). Retirement Of Alabama reported 0.04% in AutoZone, Inc. (NYSE:AZO). Investec Asset Mgmt holds 10,889 shares. Fny Managed Accounts Ltd Liability Co owns 0.44% invested in AutoZone, Inc. (NYSE:AZO) for 78 shares. Comerica Bancorp holds 0.03% or 7,460 shares in its portfolio. Nfc Limited Liability Corp invested in 2.9% or 14,318 shares. Ls Inv Advsrs Limited Com holds 0.06% in AutoZone, Inc. (NYSE:AZO) or 1,738 shares. Guggenheim Capital Ltd stated it has 50,192 shares. Fjarde Ap reported 0.08% stake. 297,731 are owned by Koch Indus. Dimensional Fund Advsrs Limited Partnership has invested 0.01% of its portfolio in AutoZone, Inc. (NYSE:AZO). Lpl Limited Liability Company reported 0.01% of its portfolio in AutoZone, Inc. (NYSE:AZO). Teacher Retirement Sys Of Texas stated it has 17,874 shares or 0.07% of all its holdings. Iberiabank reported 0.23% in AutoZone, Inc. (NYSE:AZO). Archford Strategies Limited Liability Company invested in 0.32% or 12,033 shares.

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 2.05M 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. On Friday, July 7 the stock rating was downgraded by Bank of America to “Neutral”. The stock of AutoZone, Inc. (NYSE:AZO) earned “Mkt Perform” rating by Raymond James on Tuesday, May 23. The stock of AutoZone, Inc. (NYSE:AZO) earned “Hold” rating by Wedbush on Wednesday, September 20. The stock of AutoZone, Inc. (NYSE:AZO) earned “Buy” rating by Gabelli on Friday, April 15. Credit Suisse maintained AutoZone, Inc. (NYSE:AZO) on Tuesday, February 9 with “Outperform” rating. The firm earned “Hold” rating on Wednesday, December 6 by Jefferies. Jefferies maintained the shares of AZO in report on Wednesday, April 19 with “Hold” rating. Jefferies maintained it with “Hold” rating and $66000 target in Monday, June 26 report. Guggenheim initiated the shares of AZO in report on Wednesday, January 18 with “Buy” rating. The rating was maintained by Deutsche Bank on Wednesday, December 7 with “Hold”.

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