AutoZone, Inc. (NYSE:AZO) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,756 shares of the company’s stock after selling 29 shares during the quarter. Hancock Whitney Corp’s holdings in AutoZone were worth $14,982,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Peak Financial Advisors LLC acquired a new stake in shares of AutoZone during the second quarter worth $2,816,000. Verde Capital Management purchased a new stake in shares of AutoZone in the third quarter valued at about $1,137,000. Mizuho Securities USA LLC grew its holdings in AutoZone by 592.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock valued at $29,012,000 after buying an additional 7,879 shares during the last quarter. Swedbank AB boosted its stake in shares of AutoZone by 5.6% during the second quarter. Swedbank AB now owns 16,524 shares of the company’s stock valued at $48,979,000 after acquiring an additional 869 shares during the last quarter. Finally, BDF Gestion purchased a new stake in shares of AutoZone during the second quarter worth about $3,044,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. The Goldman Sachs Group lowered AutoZone from a “buy” rating to a “sell” rating and reduced their price target for the stock from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Wedbush reaffirmed an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a research report on Thursday, September 19th. DA Davidson reiterated a “neutral” rating and issued a $3,025.00 price target on shares of AutoZone in a report on Monday, September 30th. Truist Financial increased 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. Finally, Evercore ISI boosted their price target on AutoZone from $3,300.00 to $3,350.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,202.71.

AutoZone Trading Up 1.0 %

Shares of AZO stock opened at $3,099.38 on Monday. The firm has a fifty day simple moving average of $3,111.05 and a 200-day simple moving average of $3,029.75. The company has a market capitalization of $52.38 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.57 and a beta of 0.71. AutoZone, Inc. has a twelve month low of $2,510.00 and a twelve 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). AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The business had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter in the prior year, the business earned $46.46 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. Equities research analysts predict that AutoZone, Inc. will post 158.09 EPS for the current year.

Insiders Place Their Bets

In related news, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly owns 1,218 shares in the company, valued at $3,785,166.42. This trade represents a 56.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the stock in a transaction 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 transaction, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. The trade was a 48.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock worth $46,225,660 in the last three months. 2.10% of the stock is owned by insiders.

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.