Autozone INC Com (AZO) Holder Endurance Wealth Management INC Has Lowered Position by $5.07 Million as Valuation Declined

March 17, 2018 - By Kurt Siggers

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.20, from 0.85 in 2017Q2. It is positive, as 59 investors sold AZO 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. Sumitomo Mitsui Tru Hldg reported 83,978 shares stake. Coastline Trust Co reported 2,210 shares. Peak6 Invests LP holds 0.06% or 18,131 shares in its portfolio. First Interstate National Bank & Trust reported 0% of its portfolio in AutoZone, Inc. (NYSE:AZO). Reliance Of Delaware has 514 shares for 0.05% of their portfolio. Arrowstreet Cap Partnership holds 0.02% of its portfolio in AutoZone, Inc. (NYSE:AZO) for 12,000 shares. Wells Fargo & Mn holds 43,493 shares. Atria Invests owns 680 shares for 0.02% of their portfolio. Barclays Public Ltd Co accumulated 87,007 shares. Parkside Bank & Trust stated it has 17 shares. Ny State Teachers Retirement System reported 46,879 shares. 5,164 are owned by Utah Retirement. Kentucky Retirement Systems Fund accumulated 744 shares. Moreover, Honeywell has 0.92% invested in AutoZone, Inc. (NYSE:AZO). Moreover, Chevy Chase Tru Holding Incorporated has 0.07% invested in AutoZone, Inc. (NYSE:AZO) for 26,230 shares.

Since September 28, 2017, it had 0 insider buys, and 6 insider sales for $14.41 million activity. $1.75 million worth of AutoZone, Inc. (NYSE:AZO) was sold by MCKENNA WILLIAM ANDREW. The insider Griffith James C. sold $1.21 million. Graves William W also sold $7.82M worth of AutoZone, Inc. (NYSE:AZO) shares. 740 shares valued at $577,472 were sold by Daniele Philip B. on Friday, January 12.

Endurance Wealth Management Inc decreased its stake in Autozone Inc Com (AZO) by 81.07% based on its latest 2017Q3 regulatory filing with the SEC. Endurance Wealth Management Inc sold 8,521 shares as the company’s stock declined 9.10% while stock markets rallied. The institutional investor held 1,990 shares of the consumer services company at the end of 2017Q3, valued at $1.19 million, down from 10,511 at the end of the previous reported quarter. Endurance Wealth Management Inc who had been investing in Autozone Inc Com for a number of months, seems to be less bullish one the $17.67B market cap company. The stock decreased 0.07% or $0.44 during the last trading session, reaching $648.49. About 428,526 shares traded. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since March 17, 2017 and is downtrending. It has underperformed by 27.65% the S&P500.

Analysts await AutoZone, Inc. (NYSE:AZO) to report earnings on May, 22. They expect $13.04 EPS, up 13.99 % or $1.60 from last year’s $11.44 per share. AZO’s profit will be $355.35M for 12.43 P/E if the $13.04 EPS becomes a reality. After $10.38 actual EPS reported by AutoZone, Inc. for the previous quarter, Wall Street now forecasts 25.63 % EPS growth.

AutoZone, Inc. (NYSE:AZO) Ratings Coverage

Among 24 analysts covering Autozone Inc. (NYSE:AZO), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Autozone Inc. has $900 highest and $571.0 lowest target. $756.17’s average target is 16.60% above currents $648.49 stock price. Autozone Inc. had 76 analyst reports since August 24, 2015 according to SRatingsIntel. Credit Suisse maintained AutoZone, Inc. (NYSE:AZO) on Wednesday, March 2 with “Outperform” rating. The company was maintained on Wednesday, February 28 by Stephens. As per Tuesday, May 30, the company rating was upgraded by Goldman Sachs. The firm has “Hold” rating by Jefferies given on Monday, June 26. The rating was maintained by Deutsche Bank on Wednesday, December 9 with “Hold”. The firm has “Outperform” rating by Oppenheimer given on Tuesday, March 22. Morgan Stanley maintained AutoZone, Inc. (NYSE:AZO) rating on Wednesday, February 28. Morgan Stanley has “Equal-Weight” rating and $750 target. The rating was maintained by Wedbush on Wednesday, February 28 with “Hold”. The stock of AutoZone, Inc. (NYSE:AZO) earned “Buy” rating by Gabelli on Friday, April 15. The rating was downgraded by Wedbush to “Neutral” on Tuesday, May 30.

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