AutoZone, Inc. (NYSE:AZO) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its position in AutoZone, Inc. (NYSE:AZO) by 81.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 167 shares of the company’s stock after buying an additional 75 shares during the quarter. Atomi Financial Group Inc.’s holdings in AutoZone were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in AutoZone during the first quarter worth approximately $32,000. Riverview Trust Co purchased a new stake in AutoZone during the 1st quarter worth $41,000. Meeder Asset Management Inc. boosted its position in AutoZone by 50.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock worth $44,000 after purchasing an additional 5 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in AutoZone in the 2nd quarter valued at $50,000. Finally, ORG Partners LLC purchased a new position in AutoZone in the second quarter valued at about $50,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AZO shares. Wedbush reaffirmed an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a research report on Thursday, September 19th. UBS Group increased their price objective on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Evercore ISI boosted their target price on shares of AutoZone from $3,300.00 to $3,350.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Guggenheim raised their price target on shares of AutoZone from $3,225.00 to $3,350.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, BNP Paribas upgraded shares of AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $3,182.33.

Insider Activity

In related news, VP John Scott Murphy sold 1,580 shares of the company’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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman William C. Rhodes III sold 300 shares of the business’s stock in a transaction that occurred 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 sale, the chairman now owns 13,857 shares of the company’s stock, valued at $42,613,046.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the sale, the vice president now owns 1,218 shares in the company, valued at approximately $3,785,166.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

AutoZone Stock Performance

AutoZone stock opened at $3,107.35 on Friday. AutoZone, Inc. has a one year low of $2,375.35 and a one year high of $3,256.37. The firm has a market capitalization of $53.08 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.43 and a beta of 0.70. The company has a 50-day simple moving average of $3,132.21 and a 200-day simple moving average of $3,008.96.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). The business had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.25 billion. AutoZone had a negative return on equity of 54.58% and a net margin of 14.60%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $46.46 earnings per share. As a group, sell-side analysts forecast that AutoZone, Inc. will post 151.08 earnings per share for the current 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.