Ashton Thomas Private Wealth LLC reduced its stake in AutoZone, Inc. (NYSE:AZO – Free Report) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 679 shares of the company’s stock after selling 30 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in AutoZone were worth $2,139,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of AZO. International Assets Investment Management LLC raised its stake in shares of AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after acquiring an additional 993,139 shares during the period. PineStone Asset Management Inc. raised its position in AutoZone by 137.6% in the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock valued at $918,998,000 after purchasing an additional 179,543 shares during the period. Strategic Financial Concepts LLC acquired a new position in AutoZone during the second quarter worth $424,000. Captrust Financial Advisors boosted its position in shares of AutoZone by 564.2% during the first quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock worth $479,338,000 after buying an additional 129,193 shares during the period. Finally, Baillie Gifford & Co. raised its holdings in shares of AutoZone by 2,714.8% in the 2nd quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock valued at $356,267,000 after buying an additional 115,924 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.
Analyst Ratings Changes
AZO has been the subject of several research reports. BNP Paribas raised AutoZone to a “strong-buy” rating in a research report on Wednesday, September 25th. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Mizuho raised their price target on shares of AutoZone from $3,280.00 to $3,350.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Evercore ISI upped their price target on AutoZone from $3,300.00 to $3,350.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Citigroup decreased their price target on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,202.71.
Insider Buying and Selling
In other news, Chairman William C. Rhodes III sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the completion of the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at $43,055,777.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman William C. Rhodes III sold 13,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the completion of the transaction, the chairman now owns 13,857 shares in the company, valued at $43,055,777.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the sale, the vice president now directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,880 shares of company stock valued at $46,225,660 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.
AutoZone Stock Performance
Shares of NYSE:AZO opened at $3,175.72 on Wednesday. The company has a 50-day simple moving average of $3,111.88 and a 200-day simple moving average of $3,019.95. The stock has a market capitalization of $53.67 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.57 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,510.00 and a one year high of $3,256.37.
AutoZone (NYSE:AZO – Get Free Report) last announced its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) 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 analyst estimates of $6.25 billion. During the same period in the prior year, the firm posted $46.46 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, research analysts forecast that AutoZone, Inc. will post 158.09 EPS for the current fiscal year.
About AutoZone
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.
Featured Articles
- Five stocks we like better than AutoZone
- Using the MarketBeat Dividend Yield Calculator
- Home Depot Stock: Targeting 12% in 2024 and 25% More in 2025
- Comparing and Trading High PE Ratio Stocks
- Is Tesla’s Valuation a Bubble or Backed by Real Growth?
- The Role Economic Reports Play in a Successful Investment Strategy
- Trucking Stocks Led the Pack Last Week: Can They Keep Rolling?
Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO – Free Report).
Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.