Simplicity Wealth LLC raised its position in AutoZone, Inc. (NYSE:AZO – Free Report) by 124.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 382 shares of the company’s stock after purchasing an additional 212 shares during the quarter. Simplicity Wealth LLC’s holdings in AutoZone were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in AZO. Blue Trust Inc. increased its position in AutoZone by 3.5% in the 1st quarter. Blue Trust Inc. now owns 89 shares of the company’s stock valued at $339,000 after acquiring an additional 3 shares during the period. Kirr Marbach & Co. LLC IN grew its stake in shares of AutoZone by 0.9% in the first quarter. Kirr Marbach & Co. LLC IN now owns 7,761 shares of the company’s stock worth $29,591,000 after purchasing an additional 68 shares in the last quarter. Banco Santander S.A. increased its holdings in shares of AutoZone by 98.3% during the first quarter. Banco Santander S.A. now owns 829 shares of the company’s stock valued at $3,161,000 after purchasing an additional 411 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of AutoZone during the first quarter valued at $545,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of AutoZone by 19.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,607 shares of the company’s stock valued at $6,127,000 after purchasing an additional 260 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. BNP Paribas Exane increased their target price on shares of AutoZone from $4,155.00 to $4,811.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. BMO Capital Markets upped their price target on shares of AutoZone from $4,100.00 to $4,600.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Jefferies Financial Group raised their price objective on shares of AutoZone from $4,255.00 to $4,750.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Barclays boosted their target price on AutoZone from $3,916.00 to $4,610.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Finally, Wells Fargo & Company decreased their price target on AutoZone from $4,800.00 to $4,700.00 and set an “overweight” rating for the company in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4,538.21.
AutoZone Price Performance
AZO stock opened at $4,173.92 on Tuesday. The firm has a market cap of $70.04 billion, a PE ratio of 28.81, a P/E/G ratio of 1.98 and a beta of 0.40. AutoZone, Inc. has a 12 month low of $2,980.10 and a 12 month high of $4,388.11. The firm has a 50 day simple moving average of $4,133.69 and a 200 day simple moving average of $3,848.42.
AutoZone (NYSE:AZO – Get Free Report) last posted its quarterly earnings results on Tuesday, September 23rd. The company reported $48.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $50.52 by ($1.81). AutoZone had a net margin of 13.19% and a negative return on equity of 60.49%. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same period in the prior year, the company posted $51.58 EPS. AutoZone’s quarterly revenue was up .6% on a year-over-year basis. As a group, sell-side analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.
Insiders Place Their Bets
In related news, VP John Scott Murphy sold 2,860 shares of AutoZone stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $4,175.70, for a total value of $11,942,502.00. Following the transaction, the vice president owned 1,244 shares of the company’s stock, valued at approximately $5,194,570.80. This trade represents a 69.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Richard Craig Smith sold 3,000 shares of the business’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total value of $11,627,700.00. Following the sale, the vice president owned 2,925 shares in the company, valued at approximately $11,337,007.50. The trade was a 50.63% decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.
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.
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