Callan Family Office LLC Has $3.96 Million Stake in AutoZone, Inc. $AZO

Callan Family Office LLC lessened its stake in AutoZone, Inc. (NYSE:AZO) by 27.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 923 shares of the company’s stock after selling 349 shares during the period. Callan Family Office LLC’s holdings in AutoZone were worth $3,960,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AZO. Aspect Partners LLC grew its holdings in shares of AutoZone by 700.0% during the 2nd quarter. Aspect Partners LLC now owns 8 shares of the company’s stock worth $30,000 after purchasing an additional 7 shares in the last quarter. Global Trust Asset Management LLC raised its stake in shares of AutoZone by 600.0% in the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after purchasing an additional 6 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in AutoZone in the second quarter worth $33,000. NewSquare Capital LLC boosted its stake in AutoZone by 50.0% during the second quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock worth $33,000 after buying an additional 3 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in AutoZone during the second quarter worth $33,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AZO has been the subject of a number of recent research reports. Morgan Stanley dropped their price objective on shares of AutoZone from $4,700.00 to $4,000.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. Zacks Research raised shares of AutoZone from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. cut their price target on shares of AutoZone from $4,850.00 to $4,100.00 and set an “overweight” rating for the company in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AutoZone in a report on Monday, December 29th. Finally, TD Cowen dropped their target price on AutoZone from $4,900.00 to $4,400.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4,285.00.

Insider Activity

In related news, Director Michael A. George acquired 145 shares of the stock in a transaction on Monday, December 22nd. The stock was purchased at an average price of $3,398.13 per share, for a total transaction of $492,728.85. Following the transaction, the director owned 566 shares of the company’s stock, valued at $1,923,341.58. The trade was a 34.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard Craig Smith sold 5,910 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $3,700.00, for a total transaction of $21,867,000.00. Following the transaction, the vice president owned 2,627 shares in the company, valued at $9,719,900. The trade was a 69.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 347 shares of company stock worth $1,179,256 and have sold 9,447 shares worth $34,179,923. Insiders own 2.60% of the company’s stock.

AutoZone Stock Performance

Shares of AZO opened at $3,673.30 on Wednesday. The company has a market cap of $60.87 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 1.77 and a beta of 0.41. The stock has a fifty day moving average price of $3,568.66 and a two-hundred day moving average price of $3,850.95. AutoZone, Inc. has a 52-week low of $3,210.72 and a 52-week high of $4,388.11.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 9th. The company reported $31.04 EPS for the quarter, missing the consensus estimate of $32.69 by ($1.65). AutoZone had a negative return on equity of 65.38% and a net margin of 12.78%.The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the company posted $32.52 EPS. AutoZone’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

AutoZone announced that its board has approved a stock buyback 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. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

About AutoZone

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.