AutoZone, Inc. $AZO Shares Bought by May Hill Capital LLC

May Hill Capital LLC grew its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58 shares of the company’s stock after purchasing an additional 3 shares during the period. May Hill Capital LLC’s holdings in AutoZone were worth $215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AZO. Brighton Jones LLC raised its holdings in shares of AutoZone by 14.4% during the fourth quarter. Brighton Jones LLC now owns 111 shares of the company’s stock worth $356,000 after purchasing an additional 14 shares during the period. GAMMA Investing LLC raised its holdings in shares of AutoZone by 14.1% during the first quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $770,000 after purchasing an additional 25 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of AutoZone by 10.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,808 shares of the company’s stock worth $10,589,000 after purchasing an additional 274 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of AutoZone by 6.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,145 shares of the company’s stock worth $31,059,000 after purchasing an additional 496 shares during the period. Finally, Golden State Wealth Management LLC raised its holdings in shares of AutoZone by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 14 shares of the company’s stock worth $53,000 after purchasing an additional 7 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AutoZone

In other AutoZone news, VP John Scott Murphy sold 2,860 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $4,175.70, for a total value of $11,942,502.00. Following the completion of the sale, the vice president directly owned 1,244 shares of the company’s stock, valued at approximately $5,194,570.80. This represents a 69.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Philip B. Daniele sold 2,533 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $4,020.88, for a total transaction of $10,184,889.04. Following the completion of the sale, the chief executive officer directly owned 55 shares of the company’s stock, valued at $221,148.40. The trade was a 97.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.10% of the company’s stock.

AutoZone Stock Down 0.3%

Shares of AZO opened at $3,803.82 on Wednesday. The firm has a 50-day moving average price of $4,130.69 and a 200 day moving average price of $3,882.27. The firm has a market capitalization of $63.83 billion, a PE ratio of 26.25, a P/E/G ratio of 1.80 and a beta of 0.40. AutoZone, Inc. has a 52-week low of $2,980.10 and a 52-week high of $4,388.11.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, September 23rd. The company reported $48.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $50.52 by ($1.81). The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.26 billion. AutoZone had a net margin of 13.19% and a negative return on equity of 60.49%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $51.58 EPS. On average, equities analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

AutoZone announced that its Board of Directors has authorized a share buyback plan on Wednesday, October 8th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Cowen upped their price target on shares of AutoZone from $4,300.00 to $4,900.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Evercore ISI upped their price target on shares of AutoZone from $4,250.00 to $4,500.00 and gave the stock an “outperform” rating in a research report on Thursday, September 18th. Roth Capital restated a “buy” rating and set a $4,750.00 price target (down previously from $4,800.00) on shares of AutoZone in a research report on Thursday, September 25th. Zacks Research lowered shares of AutoZone from a “hold” rating to a “strong sell” rating in a research report on Friday, September 26th. Finally, The Goldman Sachs Group upped their price target on shares of AutoZone from $3,894.00 to $4,090.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average target price of $4,544.68.

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.