AutoZone, Inc. (NYSE:AZO) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its stake in AutoZone, Inc. (NYSE:AZO) by 4.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 99 shares of the company’s stock after purchasing an additional 4 shares during the period. Moors & Cabot Inc.’s holdings in AutoZone were worth $312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in AutoZone during the 3rd quarter valued at about $36,000. Meeder Asset Management Inc. lifted its holdings 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 buying an additional 5 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in AutoZone during the 3rd quarter worth approximately $47,000. Darwin Wealth Management LLC purchased a new position in AutoZone in the 3rd quarter valued at approximately $47,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of AutoZone in the second quarter worth $50,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

AZO stock opened at $3,099.38 on Friday. The company has a market cap of $52.39 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.55 and a beta of 0.71. The company has a fifty day moving average price of $3,111.05 and a 200 day moving average price of $3,029.28. AutoZone, Inc. has a 12 month low of $2,510.00 and a 12 month high of $3,256.37.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing the consensus estimate of $53.31 by ($5.20). The business had revenue of $6.21 billion for the quarter, compared to analyst estimates 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 quarter last year, the company posted $46.46 EPS. As a group, analysts anticipate that AutoZone, Inc. will post 158.09 earnings per share for the current year.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the transaction, the vice president now owns 1,218 shares in the company, valued at approximately $3,785,166.42. This represents a 56.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 sale, the chairman now owns 13,857 shares in the company, valued at $42,613,046.40. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,880 shares of company stock worth $46,225,660. 2.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AZO has been the topic of several recent research reports. Truist Financial upped their price target on AutoZone from $3,341.00 to $3,501.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Mizuho boosted their price target on shares of AutoZone from $3,280.00 to $3,350.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Citigroup reduced their price objective on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Wedbush reiterated an “outperform” rating and set a $3,200.00 target price on shares of AutoZone in a research note on Thursday, September 19th. Finally, The Goldman Sachs Group cut AutoZone from a “buy” rating to a “sell” rating and cut their price target for the company from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and an average target price of $3,202.71.

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.