AutoZone, Inc. (NYSE:AZO) Stock Position Raised by Mattern Capital Management LLC

Mattern Capital Management LLC increased its stake in AutoZone, Inc. (NYSE:AZO) by 23.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 152 shares of the company’s stock after acquiring an additional 29 shares during the quarter. Mattern Capital Management LLC’s holdings in AutoZone were worth $479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its stake in AutoZone by 0.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 15,359 shares of the company’s stock worth $48,742,000 after purchasing an additional 60 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of AutoZone by 42.6% in the third quarter. Arkadios Wealth Advisors now owns 1,115 shares of the company’s stock worth $3,514,000 after buying an additional 333 shares during the period. Forsta AP Fonden increased its position in shares of AutoZone by 9.4% in the third quarter. Forsta AP Fonden now owns 3,500 shares of the company’s stock worth $11,025,000 after acquiring an additional 300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of AutoZone by 44.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,235 shares of the company’s stock valued at $7,040,000 after acquiring an additional 685 shares during the period. Finally, Parcion Private Wealth LLC purchased a new stake in shares of AutoZone in the 3rd quarter valued at approximately $265,000. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Stock Down 0.7 %

Shares of AutoZone stock opened at $3,130.96 on Friday. AutoZone, Inc. has a 12-month low of $2,425.00 and a 12-month high of $3,256.37. The stock has a 50 day moving average price of $3,132.96 and a two-hundred day moving average price of $3,010.35. The stock 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.

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

Wall Street Analysts Forecast Growth

AZO has been the topic of several recent analyst reports. Mizuho boosted their target price on shares of AutoZone from $3,280.00 to $3,350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. Wedbush reissued an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a research note on Thursday, September 19th. Morgan Stanley lifted their target price on AutoZone from $3,038.00 to $3,125.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Evercore ISI increased their price target 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and a consensus target price of $3,202.71.

Insider Buying and Selling at AutoZone

In other news, Chairman William C. Rhodes III sold 300 shares of AutoZone stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the transaction, the chairman now directly owns 13,857 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. In other news, Chairman William C. Rhodes III sold 13,000 shares of the 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 value of $40,392,950.00. Following the completion of the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 directly owns 13,857 shares in the company, valued at $42,613,046.40. This trade 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. Company insiders own 2.50% of the company’s stock.

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.