ANTIPODES PARTNERS Ltd Acquires 416 Shares of AutoZone, Inc. $AZO

ANTIPODES PARTNERS Ltd grew its holdings in AutoZone, Inc. (NYSE:AZO) by 185.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 640 shares of the company’s stock after buying an additional 416 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in AutoZone were worth $2,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Raleigh Capital Management Inc. purchased a new position in AutoZone in the third quarter worth about $26,000. Global Trust Asset Management LLC boosted its holdings in shares of AutoZone by 600.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock worth $30,000 after purchasing an additional 6 shares during the period. Aspect Partners LLC increased its position in shares of AutoZone by 700.0% during the 2nd 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 last quarter. Salomon & Ludwin LLC purchased a new stake in AutoZone during the 3rd quarter valued at $34,000. Finally, Bank of Jackson Hole Trust bought a new stake in AutoZone in the second quarter worth $33,000. 92.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Raymond James Financial cut their price objective on shares of AutoZone from $4,800.00 to $4,600.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, December 10th. Zacks Research raised shares of AutoZone from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. BNP Paribas Exane reduced their price objective on shares of AutoZone from $4,811.00 to $4,268.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Truist Financial decreased their price objective on shares of AutoZone from $4,499.00 to $4,076.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Finally, Wells Fargo & Company cut their target price on AutoZone from $4,700.00 to $4,500.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, AutoZone currently has a consensus rating of “Moderate Buy” and an average price target of $4,271.25.

Insider Activity

In related news, Director Michael A. George acquired 145 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were bought at an average price of $3,398.13 per share, with a total value of $492,728.85. Following the completion of the transaction, the director directly owned 566 shares in the company, valued at $1,923,341.58. This trade represents a 34.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Earl G. Graves, Jr. sold 250 shares of AutoZone stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $3,295.00, for a total value of $823,750.00. Following the completion of the transaction, the director owned 4,887 shares in the company, valued at $16,102,665. This trade represents a 4.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 347 shares of company stock worth $1,179,256 and sold 9,447 shares worth $34,179,923. Company insiders own 2.60% of the company’s stock.

AutoZone Stock Performance

NYSE:AZO opened at $3,751.33 on Friday. The firm has a 50-day simple moving average of $3,563.31 and a 200-day simple moving average of $3,842.43. AutoZone, Inc. has a one year low of $3,210.72 and a one year high of $4,388.11. The firm has a market cap of $62.16 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.78 and a beta of 0.41.

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

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.