VSM Wealth Advisory LLC Has $1.03 Million Stock Holdings in AutoZone, Inc. $AZO

VSM Wealth Advisory LLC lifted its position in shares of AutoZone, Inc. (NYSE:AZO) by 3,916.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241 shares of the company’s stock after purchasing an additional 235 shares during the quarter. VSM Wealth Advisory LLC’s holdings in AutoZone were worth $1,034,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Raleigh Capital Management Inc. acquired a new stake in AutoZone during the 3rd quarter worth $26,000. Global Trust Asset Management LLC grew its stake in 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 acquiring an additional 6 shares during the period. Loomis Sayles & Co. L P acquired a new position in AutoZone in the second quarter valued at about $33,000. Salomon & Ludwin LLC bought a new stake in shares of AutoZone in the third quarter worth about $34,000. Finally, AlphaCore Capital LLC increased its holdings in shares of AutoZone by 42.9% in the second quarter. AlphaCore Capital LLC now owns 10 shares of the company’s stock worth $37,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,641.03 on Friday. The company’s 50-day moving average price is $3,621.83 and its two-hundred day moving average price is $3,819.24. AutoZone, Inc. has a one year low of $3,210.72 and a one year high of $4,388.11. The stock has a market capitalization of $60.33 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 1.86 and a beta of 0.41.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, topping analysts’ consensus estimates of $27.59 by $0.04. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $28.29 EPS. On average, analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Brian Hannasch purchased 147 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was purchased at an average cost of $3,393.09 per share, for a total transaction of $498,784.23. Following the completion of the purchase, the director directly owned 962 shares in the company, valued at $3,264,152.58. This trade represents a 18.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Richard Craig Smith sold 5,910 shares of the business’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 value of $21,867,000.00. Following the transaction, the vice president directly owned 2,627 shares in the company, valued at $9,719,900. This trade represents a 69.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders acquired 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Guggenheim cut their price objective on AutoZone from $4,600.00 to $4,400.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Weiss Ratings restated a “hold (c+)” rating on shares of AutoZone in a report on Monday, December 29th. UBS Group set a $4,800.00 price target on shares of AutoZone in a research note on Tuesday. Oppenheimer reduced their price target on shares of AutoZone from $4,600.00 to $4,150.00 and set an “outperform” rating for the company in a report on Friday, January 9th. Finally, Citigroup increased their price objective on shares of AutoZone from $4,200.00 to $4,300.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4,311.57.

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.