400 Shares in AutoZone, Inc. (NYSE:AZO) Acquired by Investment House LLC

Investment House LLC acquired a new stake in shares of AutoZone, Inc. (NYSE:AZOFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 400 shares of the company’s stock, valued at approximately $1,016,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Householder Group Estate & Retirement Specialist LLC acquired a new position in AutoZone during the 3rd quarter worth $25,000. First Capital Advisors Group LLC. acquired a new position in AutoZone during the 2nd quarter worth $32,000. MUFG Americas Holdings Corp boosted its position in AutoZone by 166.7% during the 3rd quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock worth $34,000 after acquiring an additional 10 shares during the period. Mascoma Wealth Management LLC acquired a new position in AutoZone during the 3rd quarter worth $38,000. Finally, ORG Partners LLC acquired a new position in AutoZone during the 3rd quarter worth $43,000. Institutional investors and hedge funds own 90.34% of the company’s stock.

AutoZone Price Performance

Shares of AZO stock opened at $2,680.00 on Monday. AutoZone, Inc. has a fifty-two week low of $2,277.88 and a fifty-two week high of $2,855.21. The stock’s 50-day moving average is $2,665.09 and its two-hundred day moving average is $2,586.85. The firm has a market cap of $46.34 billion, a P/E ratio of 19.45, a PEG ratio of 1.39 and a beta of 0.70.

AutoZone (NYSE:AZOGet Free Report) last issued its earnings results on Tuesday, December 5th. The company reported $32.55 earnings per share for the quarter, topping the consensus estimate of $31.57 by $0.98. AutoZone had a negative return on equity of 57.23% and a net margin of 14.62%. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same period in the prior year, the firm posted $27.45 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts expect that AutoZone, Inc. will post 150.5 EPS for the current year.

Insider Transactions at AutoZone

In other news, COO Thomas B. Newbern sold 7,800 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $2,551.62, for a total transaction of $19,902,636.00. Following the completion of the sale, the chief operating officer now owns 2,519 shares in the company, valued at approximately $6,427,530.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, COO Thomas B. Newbern sold 7,800 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $2,551.62, for a total transaction of $19,902,636.00. Following the completion of the sale, the chief operating officer now owns 2,519 shares in the company, valued at approximately $6,427,530.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Charles Pleas III sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $2,717.36, for a total value of $8,152,080.00. Following the sale, the vice president now owns 3,416 shares of the company’s stock, valued at approximately $9,282,501.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,807 shares of company stock worth $38,827,861. 2.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on AZO shares. TheStreet lowered AutoZone from a “c” rating to a “d+” rating in a research report on Wednesday, December 20th. Morgan Stanley upped their price objective on AutoZone from $2,750.00 to $2,900.00 and gave the company an “overweight” rating in a report on Thursday, December 7th. Raymond James upgraded AutoZone from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $2,850.00 to $3,100.00 in a report on Wednesday, December 6th. Stephens upped their price objective on AutoZone from $3,000.00 to $3,070.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. Finally, Wedbush reaffirmed an “outperform” rating and set a $2,750.00 target price on shares of AutoZone in a research report on Wednesday, November 29th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and a consensus price target of $2,858.35.

Get Our Latest Stock Analysis on AutoZone

AutoZone Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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