Proficio Capital Partners LLC Sells 37 Shares of AutoZone, Inc. (NYSE:AZO)

Proficio Capital Partners LLC lowered its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 29.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 87 shares of the company’s stock after selling 37 shares during the quarter. Proficio Capital Partners LLC’s holdings in AutoZone were worth $274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in shares of AutoZone by 354,692.5% during the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after purchasing an additional 993,139 shares during the last quarter. Boston Partners grew its holdings in shares of AutoZone by 1.7% during the 1st quarter. Boston Partners now owns 382,169 shares of the company’s stock valued at $1,202,596,000 after purchasing an additional 6,226 shares during the last quarter. PineStone Asset Management Inc. boosted its position in AutoZone by 137.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock valued at $918,998,000 after buying an additional 179,543 shares during the period. Captrust Financial Advisors boosted its position in AutoZone by 564.2% during the 1st quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock valued at $479,338,000 after buying an additional 129,193 shares during the period. Finally, Legal & General Group Plc boosted its position in AutoZone by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock valued at $446,684,000 after buying an additional 3,382 shares during the period. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

NYSE:AZO opened at $3,110.12 on Monday. The firm has a 50-day simple moving average of $3,112.04 and a two-hundred day simple moving average of $3,018.16. AutoZone, Inc. has a fifty-two week low of $2,510.00 and a fifty-two week high of $3,256.37. The firm has a market cap of $52.57 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.62 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 EPS 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 during the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter in the prior year, the firm earned $46.46 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that AutoZone, Inc. will post 158.09 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group increased their price target on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Mizuho increased their price target on shares of AutoZone from $3,280.00 to $3,350.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. StockNews.com cut shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. Morgan Stanley raised their target price on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,202.71.

Insider Transactions at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of AutoZone stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the sale, the vice president now directly owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Chairman William C. Rhodes III sold 13,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman now owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $4,910,150.20. Following the completion of the transaction, the vice president now directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. The trade was 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 three months. 2.50% of the stock is currently owned by company insiders.

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.