B. Riley Wealth Advisors Inc. lowered its stake in AutoZone, Inc. (NYSE:AZO – Free Report) 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
Check Out Our Latest Report on AZO
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 – Get Free Report) 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.
Featured Stories
- Five stocks we like better than AutoZone
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- TJX Stock: A Buying Opportunity Before the Holiday Rush
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth
Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO – Free Report).
Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.