Coldstream Capital Management Inc. Increases Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Coldstream Capital Management Inc. lifted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 499 shares of the company’s stock after buying an additional 25 shares during the quarter. Coldstream Capital Management Inc.’s holdings in AutoZone were worth $1,572,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of AZO. ORG Partners LLC purchased a new stake in shares of AutoZone during the 2nd quarter valued at about $50,000. Envestnet Portfolio Solutions Inc. increased its holdings in AutoZone by 39.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 387 shares of the company’s stock worth $1,147,000 after purchasing an additional 109 shares during the last quarter. Swedbank AB increased its holdings in AutoZone by 5.6% during the 2nd quarter. Swedbank AB now owns 16,524 shares of the company’s stock worth $48,979,000 after purchasing an additional 869 shares during the last quarter. Fiduciary Financial Group LLC purchased a new stake in AutoZone during the 2nd quarter worth approximately $334,000. Finally, Assenagon Asset Management S.A. increased its holdings in AutoZone by 39.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 49,818 shares of the company’s stock worth $147,666,000 after purchasing an additional 14,050 shares during the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of AutoZone stock in a transaction on 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 sale, the vice president now owns 1,218 shares of the company’s stock, valued at $3,785,166.42. The trade was a 56.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of AutoZone stock in a transaction on 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 48.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock valued at $46,225,660 in the last quarter. Corporate insiders own 2.10% of the company’s stock.

AutoZone Price Performance

NYSE:AZO opened at $3,344.70 on Thursday. AutoZone, Inc. has a 12-month low of $2,510.00 and a 12-month high of $3,416.71. The firm has a market capitalization of $56.54 billion, a P/E ratio of 22.34, a P/E/G ratio of 1.70 and a beta of 0.71. The business has a 50 day simple moving average of $3,137.56 and a 200 day simple moving average of $3,057.08.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $32.55 EPS. Research analysts anticipate that AutoZone, Inc. will post 155.79 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on AZO. Roth Capital upgraded AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. Citigroup lifted their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday. Roth Mkm restated a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a report on Wednesday, October 16th. Finally, StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen 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 an average rating of “Moderate Buy” and a consensus target price of $3,339.25.

About AutoZone

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.