AutoZone, Inc. (NYSE:AZO) VP Sells $4,910,150.20 in Stock

AutoZone, Inc. (NYSE:AZO) VP John Scott Murphy sold 1,580 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the transaction, the vice president now owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AutoZone Stock Up 0.2 %

Shares of AutoZone stock traded up $7.52 during trading on Friday, reaching $3,196.61. The company’s stock had a trading volume of 115,576 shares, compared to its average volume of 142,299. AutoZone, Inc. has a 52-week low of $2,375.35 and a 52-week high of $3,256.37. The firm’s 50-day moving average is $3,116.79 and its two-hundred day moving average is $3,011.32. The company has a market cap of $54.60 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 1.43 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its quarterly 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 analysts’ expectations of $6.25 billion. AutoZone had a negative return on equity of 54.58% and a net margin of 14.60%. AutoZone’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $46.46 earnings per share. On average, equities research analysts anticipate that AutoZone, Inc. will post 151.08 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Oppenheimer reissued a “market perform” rating and set a $2,600.00 price objective on shares of AutoZone in a report on Wednesday, June 26th. Wedbush reissued an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a report on Thursday, September 19th. Guggenheim upped their price objective on shares of AutoZone from $3,225.00 to $3,350.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group raised their price objective on shares of AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Truist Financial dropped their target price on AutoZone from $3,394.00 to $3,341.00 and set a “buy” rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3,169.38.

Hedge Funds Weigh In On AutoZone

Hedge funds have recently modified their holdings of the company. Rise Advisors LLC bought a new position in AutoZone in the 1st quarter worth $32,000. Riverview Trust Co purchased a new position in shares of AutoZone in the 1st quarter valued at approximately $41,000. Meeder Asset Management Inc. boosted its position in shares of AutoZone by 50.0% during the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after purchasing an additional 5 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in AutoZone in the second quarter worth $50,000. Finally, ORG Partners LLC bought a new position in AutoZone in the second quarter worth $50,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

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.