AutoZone, Inc. (NYSE:AZO) Stake Trimmed by Unigestion Holding SA

Unigestion Holding SA decreased its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 31.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,404 shares of the company's stock after selling 3,336 shares during the quarter. Unigestion Holding SA's holdings in AutoZone were worth $23,323,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC boosted its position in AutoZone by 3.5% during the third quarter. TD Private Client Wealth LLC now owns 293 shares of the company's stock valued at $923,000 after purchasing an additional 10 shares during the last quarter. Fortem Financial Group LLC acquired a new position in AutoZone in the third quarter valued at about $1,134,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of AutoZone by 2.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 20,413 shares of the company's stock worth $64,302,000 after buying an additional 427 shares in the last quarter. Toronto Dominion Bank lifted its stake in AutoZone by 18.4% in the 3rd quarter. Toronto Dominion Bank now owns 6,265 shares of the company's stock valued at $19,735,000 after purchasing an additional 974 shares during the last quarter. Finally, Empire Financial Management Company LLC raised its position in AutoZone by 4.5% in the third quarter. Empire Financial Management Company LLC now owns 395 shares of the company's stock valued at $1,244,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 92.74% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AZO. DA Davidson reissued a "neutral" rating and issued a $3,025.00 price target on shares of AutoZone in a research note on Monday, September 30th. Evercore ISI raised their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an "outperform" rating in a research report on Wednesday. Roth Capital upgraded AutoZone to a "strong-buy" rating in a research report on Tuesday, October 15th. Mizuho lifted their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Roth Mkm restated a "buy" rating and set a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $3,339.25.

AutoZone Stock Performance

Shares of AZO stock traded down $2.46 on Wednesday, hitting $3,344.70. 119,116 shares of the stock traded hands, compared to its average volume of 139,673. AutoZone, Inc. has a twelve month low of $2,510.00 and a twelve month high of $3,416.71. The stock has a market capitalization of $56.54 billion, a PE ratio of 22.45, a PEG ratio of 1.70 and a beta of 0.71. The firm's 50-day moving average price is $3,137.56 and its two-hundred day moving average price is $3,057.08.

AutoZone (NYSE:AZO - Get Free Report) last posted its 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 net margin of 14.40% and a negative return on equity of 52.99%. The business had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period last year, the company earned $32.55 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that AutoZone, Inc. will post 155.79 EPS for the current fiscal year.

Insider Activity

In other news, Chairman William C. Rhodes III sold 300 shares of AutoZone stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the sale, the chairman now owns 13,857 shares in the company, valued at $42,613,046.40. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John Scott Murphy sold 1,580 shares of the company's 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 sale, the vice president now owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 56.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,880 shares of company stock worth $46,225,660. Company insiders own 2.10% of the company's stock.

AutoZone 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.