AutoZone, Inc. (NYSE:AZO) Shares Bought by Creative Planning

Creative Planning lifted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,519 shares of the company’s stock after acquiring an additional 97 shares during the period. Creative Planning’s holdings in AutoZone were worth $7,933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its stake in shares of 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 purchasing an additional 5 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in AutoZone during the second quarter worth about $50,000. ORG Partners LLC acquired a new stake in AutoZone in the 2nd quarter worth about $50,000. UMB Bank n.a. boosted its stake in AutoZone by 33.3% in the 2nd quarter. UMB Bank n.a. now owns 28 shares of the company’s stock worth $83,000 after buying an additional 7 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new stake in AutoZone in the 2nd quarter valued at about $86,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the transaction, the vice president now directly owns 1,218 shares of the company’s stock, valued at $3,785,166.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman William C. Rhodes III sold 13,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the completion of the transaction, the chairman now owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John Scott Murphy sold 1,580 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the sale, the vice president now directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,880 shares of company stock worth $46,225,660. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

AZO has been the topic of several recent analyst reports. BNP Paribas upgraded shares of AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Redburn Atlantic raised shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. Oppenheimer reissued a “market perform” rating and set a $2,600.00 price objective on shares of AutoZone in a research note on Wednesday, June 26th. The Goldman Sachs Group lowered AutoZone from a “buy” rating to a “sell” rating and cut their target price for the stock from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. Finally, Truist Financial lifted their target price on AutoZone from $3,341.00 to $3,501.00 and gave the company a “buy” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3,202.71.

AutoZone Trading Up 0.8 %

Shares of AZO stock opened at $3,196.44 on Thursday. AutoZone, Inc. has a twelve month low of $2,375.35 and a twelve month high of $3,256.37. The company has a market capitalization of $54.60 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. The firm has a fifty day simple moving average of $3,134.91 and a 200-day simple moving average of $3,009.12.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The business had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter in the prior year, the business earned $46.46 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. Equities research analysts predict that AutoZone, Inc. will post 157.99 EPS for the current 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.