AutoZone, Inc. (NYSE:AZO) Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI trimmed its position in AutoZone, Inc. (NYSE:AZO) by 11.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372 shares of the company’s stock after selling 48 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in AutoZone were worth $1,172,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Peak Financial Advisors LLC acquired a new position in AutoZone during the second quarter valued at approximately $2,816,000. Verde Capital Management acquired a new position in shares of AutoZone during the 3rd quarter valued at $1,137,000. Mizuho Securities USA LLC boosted its position in AutoZone by 592.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock worth $29,012,000 after purchasing an additional 7,879 shares during the period. Swedbank AB increased its holdings in AutoZone by 5.6% in the 2nd quarter. Swedbank AB now owns 16,524 shares of the company’s stock valued at $48,979,000 after purchasing an additional 869 shares in the last quarter. Finally, BDF Gestion purchased a new position in AutoZone in the second quarter valued at about $3,044,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling

In related news, Chairman William C. Rhodes III sold 13,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chairman now directly owns 13,857 shares in the company, valued at $43,055,777.55. This represents a 48.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $4,910,150.20. Following the completion of the sale, the vice president now owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 56.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,880 shares of company stock worth $46,225,660 over the last quarter. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on AZO. Truist Financial upped their target price on AutoZone from $3,341.00 to $3,501.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Citigroup lowered their price objective on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Roth Mkm reiterated a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a research note on Wednesday, October 16th. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $3,025.00 price target on shares of AutoZone in a research note on Monday, September 30th. 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 assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,202.71.

AutoZone Trading Up 1.0 %

AZO stock opened at $3,099.38 on Friday. The stock’s 50 day simple moving average is $3,111.05 and its 200 day simple moving average is $3,029.01. AutoZone, Inc. has a 12-month low of $2,510.00 and a 12-month high of $3,256.37. The firm has a market cap of $52.38 billion, a P/E ratio of 20.70, a P/E/G ratio of 1.57 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its earnings results 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). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The business had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same period last year, the company posted $46.46 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, research analysts forecast that AutoZone, Inc. will post 158.09 EPS for the current fiscal 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.