66 Shares in AutoZone, Inc. $AZO Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC acquired a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 66 shares of the company’s stock, valued at approximately $245,000.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of AutoZone by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,759,862 shares of the company’s stock valued at $6,709,967,000 after purchasing an additional 13,643 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in AutoZone by 7.5% in the 1st quarter. JPMorgan Chase & Co. now owns 936,401 shares of the company’s stock worth $3,570,296,000 after acquiring an additional 65,368 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in AutoZone by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 349,317 shares of the company’s stock valued at $1,331,870,000 after acquiring an additional 24,701 shares in the last quarter. PineStone Asset Management Inc. increased its holdings in shares of AutoZone by 3.9% in the 2nd quarter. PineStone Asset Management Inc. now owns 281,693 shares of the company’s stock valued at $1,045,709,000 after purchasing an additional 10,456 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of AutoZone by 7,358.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 243,231 shares of the company’s stock worth $902,929,000 after purchasing an additional 239,970 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AZO shares. Wells Fargo & Company lowered their price objective on shares of AutoZone from $4,800.00 to $4,700.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. Evercore ISI boosted their price target on AutoZone from $4,250.00 to $4,500.00 and gave the company an “outperform” rating in a research note on Thursday, September 18th. Jefferies Financial Group raised their price objective on shares of AutoZone from $4,255.00 to $4,750.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Rothschild & Co Redburn lifted their target price on shares of AutoZone from $4,300.00 to $4,700.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, Guggenheim lifted their price objective on shares of AutoZone from $4,100.00 to $4,600.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $4,551.56.

Insider Buying and Selling at AutoZone

In other news, CEO Philip B. Daniele sold 2,533 shares of the business’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $4,020.88, for a total transaction of $10,184,889.04. Following the transaction, the chief executive officer owned 55 shares in the company, valued at approximately $221,148.40. The trade was a 97.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP K. Michelle Borninkhof sold 300 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $3,775.00, for a total transaction of $1,132,500.00. Following the completion of the sale, the senior vice president owned 416 shares of the company’s stock, valued at approximately $1,570,400. The trade was a 41.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,693 shares of company stock valued at $23,259,891 in the last ninety days. Company insiders own 2.60% of the company’s stock.

AutoZone Stock Performance

AutoZone stock opened at $3,862.31 on Tuesday. AutoZone, Inc. has a 52 week low of $3,036.40 and a 52 week high of $4,388.11. The firm has a market capitalization of $64.24 billion, a PE ratio of 26.66, a PEG ratio of 1.75 and a beta of 0.37. The business’s 50-day simple moving average is $4,003.29 and its 200-day simple moving average is $3,892.24.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, September 23rd. The company reported $48.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $50.52 by ($1.81). AutoZone had a net margin of 13.19% and a negative return on equity of 60.49%. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.26 billion. During the same period last year, the business earned $51.58 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

AutoZone declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 8th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.