AutoZone, Inc. $AZO Shares Acquired by Andra AP fonden

Andra AP fonden lifted its position in shares of AutoZone, Inc. (NYSE:AZO) by 12.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,700 shares of the company’s stock after buying an additional 300 shares during the period. Andra AP fonden’s holdings in AutoZone were worth $11,584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AZO. Raleigh Capital Management Inc. purchased a new position in AutoZone during the third quarter worth about $26,000. Aspect Partners LLC raised its position in AutoZone by 700.0% in the second quarter. Aspect Partners LLC now owns 8 shares of the company’s stock valued at $30,000 after purchasing an additional 7 shares during the period. Global Trust Asset Management LLC lifted its position in AutoZone by 600.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock worth $30,000 after acquiring an additional 6 shares in the last quarter. NewSquare Capital LLC boosted its stake in shares of AutoZone by 50.0% in the second quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock valued at $33,000 after purchasing an additional 3 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new position in AutoZone in the 2nd quarter valued at about $33,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Trading Up 2.5%

AutoZone stock opened at $3,751.68 on Friday. AutoZone, Inc. has a 1-year low of $3,210.72 and a 1-year high of $4,388.11. The firm’s fifty day simple moving average is $3,594.55 and its 200-day simple moving average is $3,831.70. The company has a market capitalization of $62.17 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.74 and a beta of 0.41.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $31.04 EPS for the quarter, missing analysts’ consensus estimates of $32.69 by ($1.65). The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.64 billion. AutoZone had a net margin of 12.78% and a negative return on equity of 65.38%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $32.52 EPS. On average, equities research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analyst Weigh In

AZO has been the subject of a number of recent analyst reports. BNP Paribas Exane decreased their price target on shares of AutoZone from $4,811.00 to $4,268.00 and set an “outperform” rating for the company in a research report on Wednesday, December 10th. Robert W. Baird lowered shares of AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price target for the company. in a research report on Monday, February 9th. Evercore lifted their target price on AutoZone from $4,100.00 to $4,125.00 and gave the company an “outperform” rating in a research note on Friday. TD Cowen reiterated a “buy” rating on shares of AutoZone in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price target on shares of AutoZone from $4,100.00 to $4,300.00 and gave the stock an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4,280.63.

Insider Buying and Selling

In related news, Director Brian Hannasch acquired 147 shares of the stock in a transaction dated Thursday, December 18th. The shares were acquired at an average price of $3,393.09 per share, for a total transaction of $498,784.23. Following the completion of the purchase, the director owned 962 shares in the company, valued at approximately $3,264,152.58. The trade was a 18.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael A. George purchased 145 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were purchased at an average price of $3,398.13 per share, for a total transaction of $492,728.85. Following the completion of the purchase, the director directly owned 566 shares of the company’s stock, valued at approximately $1,923,341.58. This trade represents a 34.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 347 shares of company stock valued at $1,179,256 and sold 9,447 shares valued at $34,179,923. 2.60% of the stock is owned by insiders.

AutoZone Company Profile

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.