AutoZone, Inc. (NYSE:AZO) Shares Acquired by Caprock Group LLC

Caprock Group LLC boosted its position in AutoZone, Inc. (NYSE:AZO) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 808 shares of the company’s stock after acquiring an additional 12 shares during the quarter. Caprock Group LLC’s holdings in AutoZone were worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC lifted its stake in shares of AutoZone by 4.6% in the 3rd quarter. Pathstone Holdings LLC now owns 3,762 shares of the company’s stock valued at $11,852,000 after purchasing an additional 165 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in AutoZone by 12.0% during the third quarter. Cassaday & Co Wealth Management LLC now owns 93 shares of the company’s stock valued at $293,000 after buying an additional 10 shares in the last quarter. Braun Stacey Associates Inc. grew its stake in AutoZone by 0.9% during the third quarter. Braun Stacey Associates Inc. now owns 7,129 shares of the company’s stock worth $22,457,000 after buying an additional 61 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of AutoZone by 0.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,082 shares of the company’s stock worth $34,909,000 after acquiring an additional 82 shares in the last quarter. Finally, Kinsale Capital Group Inc. boosted its position in AutoZone by 16.9% during the 3rd quarter. Kinsale Capital Group Inc. now owns 1,664 shares of the company’s stock worth $5,242,000 after purchasing an additional 241 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

AZO has been the topic of several research reports. Wedbush reissued an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a research report on Thursday, September 19th. Guggenheim boosted their price target on AutoZone from $3,225.00 to $3,350.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Mizuho increased their price objective 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. Morgan Stanley boosted their target price on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Citigroup decreased their target price 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 analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $3,202.71.

Insiders Place Their Bets

In related 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 sale, the chairman now directly owns 13,857 shares in the company, valued at $43,055,777.55. This trade represents a 48.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the transaction, the vice president now owns 1,218 shares of the company’s stock, valued at $3,785,166.42. This trade represents a 56.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock valued at $46,225,660 over the last three months. Company insiders own 2.10% of the company’s stock.

AutoZone Stock Performance

NYSE AZO opened at $3,106.91 on Wednesday. AutoZone, Inc. has a one year low of $2,510.00 and a one year high of $3,256.37. The company has a 50-day simple moving average of $3,113.44 and a 200-day simple moving average of $3,027.64. The firm has a market capitalization of $52.51 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.57 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). The company had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.25 billion. AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $46.46 earnings per share. Equities analysts forecast that AutoZone, Inc. will post 158.09 earnings per share for the current year.

AutoZone Company 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.