AutoZone, Inc. (NYSE:AZO) Holdings Boosted by Stifel Financial Corp

Stifel Financial Corp grew its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 7.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,399 shares of the company's stock after buying an additional 241 shares during the period. Stifel Financial Corp's holdings in AutoZone were worth $10,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in shares of AutoZone during the 3rd quarter worth approximately $36,000. Meeder Asset Management Inc. increased its stake in shares of AutoZone by 50.0% during the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company's stock worth $44,000 after acquiring an additional 5 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in shares of AutoZone in the third quarter valued at approximately $47,000. Darwin Wealth Management LLC purchased a new position in shares of AutoZone in the 3rd quarter valued at about $47,000. Finally, ORG Partners LLC acquired a new stake in shares of AutoZone in the 2nd quarter worth approximately $50,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AZO has been the topic of a number of recent research reports. BNP Paribas raised AutoZone to a "strong-buy" rating in a research note on Wednesday, September 25th. Truist Financial boosted their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a "buy" rating in a research note on Wednesday. Redburn Atlantic upgraded AutoZone to a "strong-buy" rating in a report on Tuesday, October 1st. DA Davidson restated a "neutral" rating and set a $3,025.00 price target on shares of AutoZone in a research note on Monday, September 30th. Finally, Citigroup lifted their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the company a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $3,339.25.

AutoZone Trading Up 0.1 %

AZO stock traded up $2.99 during trading on Thursday, reaching $3,345.71. The stock had a trading volume of 125,468 shares, compared to its average volume of 139,614. The firm has a fifty day moving average price of $3,142.71 and a 200 day moving average price of $3,059.09. The company has a market capitalization of $56.56 billion, a P/E ratio of 22.35, a PEG ratio of 1.70 and a beta of 0.71. AutoZone, Inc. has a 1-year low of $2,510.00 and a 1-year high of $3,416.71.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm posted $32.55 EPS. The company's revenue was up 2.1% compared to the same quarter last year. Sell-side analysts predict that AutoZone, Inc. will post 155.79 EPS for the current year.

Insider Activity at AutoZone

In related news, Chairman William C. Rhodes III sold 300 shares of the business's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the completion of the sale, the chairman now directly owns 13,857 shares of the company's stock, valued at $42,613,046.40. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John Scott Murphy sold 1,580 shares of the 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 transaction, the vice president now directly owns 1,218 shares in the company, 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. Insiders have sold 14,880 shares of company stock valued at $46,225,660 over the last ninety days. Corporate insiders own 2.10% of the company's stock.

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.