Delphi Management Inc. MA Sells 4 Shares of AutoZone, Inc. (NYSE:AZO)

Delphi Management Inc. MA lessened its holdings in AutoZone, Inc. (NYSE:AZO) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 408 shares of the company’s stock after selling 4 shares during the quarter. Delphi Management Inc. MA’s holdings in AutoZone were worth $1,209,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Rise Advisors LLC bought a new position in AutoZone during the 1st quarter worth approximately $32,000. Riverview Trust Co bought a new position in AutoZone during the 1st quarter worth approximately $41,000. Meeder Asset Management Inc. boosted its stake in AutoZone by 50.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock worth $44,000 after acquiring an additional 5 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in AutoZone during the 2nd quarter worth approximately $50,000. Finally, ORG Partners LLC bought a new position in AutoZone during the 2nd quarter worth approximately $50,000. Institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the company’s stock in a transaction on 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 transaction, the vice president now directly owns 1,218 shares in the company, valued at $3,785,166.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Guggenheim lifted their price objective on shares of AutoZone from $3,225.00 to $3,350.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Wedbush restated an “outperform” rating and set a $3,200.00 target price on shares of AutoZone in a report on Thursday, September 19th. UBS Group raised their target price on shares of AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Evercore ISI dropped their target price on shares of AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Finally, BNP Paribas upgraded shares of AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3,169.38.

AutoZone Trading Down 1.5 %

NYSE AZO opened at $3,149.72 on Tuesday. The firm’s fifty day moving average price is $3,125.47 and its two-hundred day moving average price is $3,011.61. AutoZone, Inc. has a 1 year low of $2,375.35 and a 1 year high of $3,256.37. The firm has a market capitalization of $53.81 billion, a P/E 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 results on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a negative return on equity of 54.58% and a net margin of 14.60%. The firm had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same period last year, the company posted $46.46 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that AutoZone, Inc. will post 151.08 EPS for the current fiscal year.

AutoZone 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.