International Assets Investment Management LLC Purchases 993,139 Shares of AutoZone, Inc. (NYSE:AZO)

International Assets Investment Management LLC boosted its position in AutoZone, Inc. (NYSE:AZO) by 354,692.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 993,419 shares of the company’s stock after acquiring an additional 993,139 shares during the quarter. AutoZone accounts for about 4.2% of International Assets Investment Management LLC’s holdings, making the stock its 4th biggest holding. International Assets Investment Management LLC owned 0.06% of AutoZone worth $31,293,100,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AZO. Quent Capital LLC raised its holdings in AutoZone by 4.8% during the first quarter. Quent Capital LLC now owns 88 shares of the company’s stock worth $277,000 after purchasing an additional 4 shares in the last quarter. Mather Group LLC. raised its holdings in AutoZone by 1.8% during the second quarter. Mather Group LLC. now owns 224 shares of the company’s stock worth $706,000 after purchasing an additional 4 shares in the last quarter. Conning Inc. raised its holdings in AutoZone by 4.3% during the second quarter. Conning Inc. now owns 98 shares of the company’s stock worth $290,000 after purchasing an additional 4 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in AutoZone by 14.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock worth $95,000 after purchasing an additional 4 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in AutoZone by 4.1% during the second quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after purchasing an additional 4 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the topic of a number of research analyst reports. Oppenheimer reissued a “market perform” rating and set a $2,600.00 price objective on shares of AutoZone in a report on Wednesday, June 26th. Mizuho raised their target price on shares of AutoZone from $3,280.00 to $3,350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Truist Financial raised their target price on shares of AutoZone from $3,341.00 to $3,501.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. DA Davidson restated a “neutral” rating and set a $3,025.00 target price on shares of AutoZone in a research report on Monday, September 30th. Finally, StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,202.71.

AutoZone Stock Up 0.8 %

NYSE:AZO opened at $3,196.44 on Thursday. AutoZone, Inc. has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37. The stock has a market cap of $54.60 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. The firm’s fifty day simple moving average is $3,134.91 and its 200-day simple moving average is $3,009.12.

AutoZone (NYSE:AZO) last posted its quarterly 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 company 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 earned $46.46 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts anticipate that AutoZone, Inc. will post 157.99 earnings per share for the current year.

Insider Transactions at AutoZone

In other news, Chairman William C. Rhodes III sold 13,000 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the transaction, the chairman now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Chairman William C. Rhodes III sold 13,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the sale, the chairman now directly owns 13,857 shares in the company, valued at $43,055,777.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 $3,785,166.42. This represents a 0.00 % 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 valued at $46,225,660 in the last ninety days. 2.50% of the stock is currently owned by company insiders.

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.