Scott & Selber Inc. Sells 5 Shares of AutoZone, Inc. (NYSE:AZO)

Scott & Selber Inc. reduced its stake in AutoZone, Inc. (NYSE:AZO) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,320 shares of the company’s stock after selling 5 shares during the period. AutoZone makes up 1.3% of Scott & Selber Inc.’s portfolio, making the stock its 22nd largest holding. Scott & Selber Inc.’s holdings in AutoZone were worth $4,158,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of AZO. SG Americas Securities LLC lifted its position in shares of AutoZone by 35.3% in the first quarter. SG Americas Securities LLC now owns 3,534 shares of the company’s stock worth $11,138,000 after buying an additional 922 shares in the last quarter. Sei Investments Co. raised its holdings in shares of AutoZone by 60.7% during the 1st quarter. Sei Investments Co. now owns 22,315 shares of the company’s stock worth $70,326,000 after acquiring an additional 8,427 shares in the last quarter. Peak Financial Advisors LLC bought a new position in shares of AutoZone during the 2nd quarter valued at approximately $2,816,000. Verde Capital Management purchased a new position in shares of AutoZone in the third quarter valued at $1,137,000. Finally, Swedbank AB increased its position in AutoZone by 5.6% in the second quarter. Swedbank AB now owns 16,524 shares of the company’s stock worth $48,979,000 after purchasing an additional 869 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Down 1.2 %

Shares of NYSE AZO opened at $3,111.17 on Friday. AutoZone, Inc. has a twelve month low of $2,510.00 and a twelve month high of $3,256.37. The firm has a market cap of $52.58 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 1.54 and a beta of 0.71. The business has a fifty day simple moving average of $3,112.04 and a two-hundred day simple moving average of $3,017.76.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The firm had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter in the previous year, the firm earned $46.46 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts expect that AutoZone, Inc. will post 158.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AZO shares. Citigroup lowered their price objective on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. DA Davidson reiterated a “neutral” rating and issued a $3,025.00 price target on shares of AutoZone in a research report on Monday, September 30th. UBS Group upped their price objective on AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. BNP Paribas upgraded AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, Roth Mkm restated a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average price target of $3,202.71.

Insider Activity

In other news, Chairman William C. Rhodes III sold 300 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the transaction, the chairman now directly owns 13,857 shares in the company, valued at approximately $42,613,046.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the transaction, the vice president now directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman William C. Rhodes III sold 300 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $42,613,046.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,880 shares of company stock worth $46,225,660. 2.50% of the stock is currently owned by corporate insiders.

AutoZone Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.