Arkadios Wealth Advisors Buys 333 Shares of AutoZone, Inc. (NYSE:AZO)

Arkadios Wealth Advisors grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 42.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,115 shares of the company’s stock after purchasing an additional 333 shares during the period. Arkadios Wealth Advisors’ holdings in AutoZone were worth $3,514,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. raised its holdings in shares of AutoZone by 8.2% during the 1st quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $249,000 after acquiring an additional 6 shares in the last quarter. Brookstone Capital Management lifted its position in AutoZone by 30.7% during the first quarter. Brookstone Capital Management now owns 298 shares of the company’s stock valued at $939,000 after purchasing an additional 70 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of AutoZone by 7.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,823 shares of the company’s stock worth $18,352,000 after buying an additional 399 shares during the last quarter. Hodges Capital Management Inc. purchased a new stake in shares of AutoZone during the 1st quarter valued at about $236,000. Finally, Vicus Capital bought a new position in shares of AutoZone in the 1st quarter valued at about $202,000. 92.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wedbush restated an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a report on Thursday, September 19th. Roth Capital raised AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. Evercore ISI raised their price target on AutoZone from $3,300.00 to $3,350.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. Finally, Guggenheim boosted their target price on shares of AutoZone from $3,225.00 to $3,350.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,202.71.

AutoZone Stock Down 0.7 %

Shares of AutoZone stock traded down $22.29 on Friday, reaching $3,130.96. The company’s stock had a trading volume of 85,433 shares, compared to its average volume of 139,152. The company has a market capitalization of $53.49 billion, a P/E ratio of 21.65, a PEG ratio of 1.59 and a beta of 0.70. The stock has a 50-day moving average price of $3,134.60 and a 200-day moving average price of $3,010.14. AutoZone, Inc. has a 52-week low of $2,425.00 and a 52-week high of $3,256.37.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $6.25 billion. During the same quarter in the previous year, the firm posted $46.46 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts forecast that AutoZone, Inc. will post 157.99 earnings per share for the current fiscal year.

Insider Activity

In other AutoZone news, Chairman William C. Rhodes III sold 300 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the transaction, the chairman now owns 13,857 shares of the company’s stock, valued at approximately $42,613,046.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Chairman William C. Rhodes III sold 300 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total value of $922,560.00. Following the completion of the sale, the chairman now owns 13,857 shares of the company’s stock, valued at $42,613,046.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the sale, the chairman now owns 13,857 shares of the company’s stock, valued at $43,055,777.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,880 shares of company stock worth $46,225,660 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

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.