B. Riley Wealth Advisors Inc. Trims Stock Holdings in AutoZone, Inc. (NYSE:AZO)

B. Riley Wealth Advisors Inc. lowered its stake in AutoZone, Inc. (NYSE:AZO) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,485 shares of the company’s stock after selling 63 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in AutoZone were worth $4,402,000 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 AZO. Quent Capital LLC lifted its holdings in AutoZone by 4.8% during the first quarter. Quent Capital LLC now owns 88 shares of the company’s stock valued at $277,000 after purchasing an additional 4 shares in the last quarter. Mather Group LLC. raised its position in shares of AutoZone by 1.8% during the 2nd quarter. Mather Group LLC. now owns 224 shares of the company’s stock valued at $706,000 after purchasing an additional 4 shares during the period. Conning Inc. lifted its stake in shares of AutoZone by 4.3% during the 2nd quarter. Conning Inc. now owns 98 shares of the company’s stock valued at $290,000 after buying an additional 4 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in AutoZone by 14.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock worth $95,000 after buying an additional 4 shares during the period. Finally, Brighton Jones LLC increased its stake in AutoZone by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after buying an additional 4 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AutoZone

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the sale, the vice president now owns 1,218 shares of the company’s stock, valued at $3,785,166.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AZO. Mizuho boosted their price objective on AutoZone from $3,280.00 to $3,350.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. BNP Paribas raised AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Guggenheim upped their price target on AutoZone from $3,225.00 to $3,350.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Citigroup reduced their price objective on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Finally, Morgan Stanley upped their target price on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,169.38.

AutoZone Stock Performance

Shares of AutoZone stock opened at $3,149.72 on Tuesday. The stock has a 50 day moving average price of $3,125.47 and a 200-day moving average price of $3,011.61. AutoZone, Inc. has a one year low of $2,375.35 and a one year high of $3,256.37. The stock has a market cap of $53.81 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 1.43 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). The firm had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. AutoZone had a net margin of 14.60% and a negative return on equity of 54.58%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $46.46 EPS. Sell-side analysts predict that AutoZone, Inc. will post 151.08 earnings per share for the current fiscal year.

AutoZone Company Profile

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.