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PDT Partners LLC Buys Shares of 300 AutoZone, Inc. (NYSE:AZO)

AutoZone logo with Retail/Wholesale background

PDT Partners LLC purchased a new position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 300 shares of the company's stock, valued at approximately $945,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transcend Capital Advisors LLC acquired a new position in shares of AutoZone during the second quarter worth about $373,000. GAMMA Investing LLC lifted its holdings in shares of AutoZone by 18.4% in the 2nd quarter. GAMMA Investing LLC now owns 122 shares of the company's stock valued at $362,000 after buying an additional 19 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of AutoZone by 20.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 42 shares of the company's stock valued at $124,000 after buying an additional 7 shares in the last quarter. Trust Co. of Toledo NA OH grew its holdings in AutoZone by 13.7% during the second quarter. Trust Co. of Toledo NA OH now owns 108 shares of the company's stock worth $320,000 after acquiring an additional 13 shares during the period. Finally, Mather Group LLC. grew 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 acquiring an additional 4 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AZO. Mizuho lifted their price objective on AutoZone from $3,280.00 to $3,350.00 and gave the stock an "outperform" rating in a report on Wednesday, September 25th. Morgan Stanley lifted their price target on AutoZone from $3,038.00 to $3,125.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Roth Mkm reissued a "buy" rating and issued a $3,634.00 price objective on shares of AutoZone in a research note on Wednesday, October 16th. Redburn Atlantic upgraded shares of AutoZone to a "strong-buy" rating in a research report on Tuesday, October 1st. Finally, StockNews.com downgraded shares of AutoZone from a "buy" rating to a "hold" rating in a report on Saturday, September 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $3,202.71.

Read Our Latest Research Report on AZO

Insider Transactions at AutoZone

In other news, Chairman William C. Rhodes III sold 300 shares of the firm's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total value of $922,560.00. Following the transaction, the chairman now directly owns 13,857 shares in the company, valued at approximately $42,613,046.40. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John Scott Murphy sold 1,580 shares of the business's stock in a transaction dated Wednesday, September 25th. The shares were 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 directly owns 1,218 shares of the company's stock, valued at approximately $3,785,166.42. This represents a 56.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,880 shares of company stock valued at $46,225,660. Insiders own 2.10% of the company's stock.

AutoZone Stock Performance

Shares of NYSE AZO traded up $8.46 during midday trading on Monday, reaching $3,178.00. 160,531 shares of the company's stock were exchanged, compared to its average volume of 138,985. AutoZone, Inc. has a 52-week low of $2,510.00 and a 52-week high of $3,256.37. The business's fifty day moving average price is $3,121.25 and its two-hundred day moving average price is $3,037.24. The stock has a market capitalization of $53.72 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.60 and a beta of 0.71.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) 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 analysts' expectations of $6.25 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. AutoZone's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $46.46 earnings per share. Analysts predict that AutoZone, Inc. will post 158.09 earnings per share for the current fiscal year.

About AutoZone

(Free Report)

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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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