AutoZone, Inc. $AZO Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors raised its holdings in AutoZone, Inc. (NYSE:AZO) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,885 shares of the company’s stock after purchasing an additional 811 shares during the quarter. Captrust Financial Advisors owned 0.13% of AutoZone worth $89,600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AZO. Raleigh Capital Management Inc. purchased a new position in shares of AutoZone during the 3rd quarter valued at about $26,000. Turning Point Benefit Group Inc. purchased a new stake in shares of AutoZone in the third quarter worth about $25,000. Global Trust Asset Management LLC boosted 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 worth $30,000 after buying an additional 6 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in AutoZone during the third quarter worth about $34,000. Finally, Loomis Sayles & Co. L P purchased a new position in AutoZone during the second quarter valued at approximately $33,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. BNP Paribas Exane decreased their price target on AutoZone from $4,811.00 to $4,268.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. Barclays raised their price objective on shares of AutoZone from $3,800.00 to $3,900.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Wolfe Research cut shares of AutoZone from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, December 16th. Argus raised shares of AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 price target on the stock in a report on Monday, March 9th. Finally, Truist Financial dropped their price target on shares of AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4,312.13.

AutoZone Stock Down 2.2%

Shares of AZO opened at $3,363.12 on Thursday. AutoZone, Inc. has a 52-week low of $3,210.72 and a 52-week high of $4,388.11. The stock has a market cap of $55.73 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 1.76 and a beta of 0.41. The firm’s fifty day moving average is $3,658.76 and its two-hundred day moving average is $3,786.15.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.31 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $28.29 earnings per share. As a group, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP Richard Craig Smith sold 5,910 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $3,700.00, for a total value of $21,867,000.00. Following the completion of the sale, the vice president owned 2,627 shares in the company, valued at approximately $9,719,900. This represents a 69.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Earl G. Graves, Jr. sold 250 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3,295.00, for a total transaction of $823,750.00. Following the completion of the transaction, the director directly owned 4,887 shares in the company, valued at $16,102,665. This trade represents a 4.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,447 shares of company stock worth $34,179,923 in the last 90 days. 2.60% of the stock is currently owned by insiders.

AutoZone 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.