Focus Financial Network Inc. Buys 4 Shares of AutoZone, Inc. $AZO

Focus Financial Network Inc. raised its stake in AutoZone, Inc. (NYSE:AZO) by 3.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109 shares of the company’s stock after purchasing an additional 4 shares during the quarter. Focus Financial Network Inc.’s holdings in AutoZone were worth $405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaCore Capital LLC bought a new position in shares of AutoZone during the 1st quarter worth approximately $27,000. Saudi Central Bank bought a new position in shares of AutoZone during the 1st quarter worth approximately $27,000. Financial Network Wealth Advisors LLC boosted its stake in shares of AutoZone by 66.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 10 shares of the company’s stock worth $38,000 after acquiring an additional 4 shares during the period. Cornerstone Planning Group LLC bought a new position in shares of AutoZone during the 1st quarter worth approximately $44,000. Finally, Clearstead Trust LLC bought a new position in shares of AutoZone during the 1st quarter worth approximately $46,000. 92.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AZO has been the subject of several research analyst reports. Citigroup lifted their target price on AutoZone from $3,900.00 to $4,900.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. DA Davidson lifted their price target on AutoZone from $4,192.00 to $4,850.00 and gave the stock a “buy” rating in a report on Wednesday, May 28th. UBS Group lifted their price target on AutoZone from $4,260.00 to $4,925.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Truist Financial lifted their price target on AutoZone from $4,038.00 to $4,504.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Guggenheim lifted their price target on AutoZone from $3,850.00 to $4,100.00 and gave the stock a “buy” rating in a report on Wednesday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, AutoZone currently has an average rating of “Buy” and an average price target of $4,399.18.

AutoZone Trading Down 0.0%

NYSE AZO opened at $4,132.72 on Friday. The business’s 50-day moving average price is $4,034.29 and its two-hundred day moving average price is $3,800.20. AutoZone, Inc. has a 12 month low of $2,898.57 and a 12 month high of $4,388.11. The firm has a market capitalization of $69.35 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 2.18 and a beta of 0.41.

Insider Activity at AutoZone

In other AutoZone news, VP Richard Craig Smith sold 3,000 shares of the company’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total value of $11,627,700.00. Following the sale, the vice president owned 2,925 shares in the company, valued at approximately $11,337,007.50. The trade was a 50.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.10% 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.