360 Shares in AutoZone, Inc. (NYSE:AZO) Bought by Fortem Financial Group LLC

Fortem Financial Group LLC acquired a new position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 360 shares of the company's stock, valued at approximately $1,134,000.

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

Analysts Set New Price Targets

Several analysts have issued reports on AZO shares. Guggenheim upped their target price on AutoZone from $3,350.00 to $3,750.00 and gave the stock a "buy" rating in a research note on Wednesday. Mizuho lifted their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an "outperform" rating in a research report on Wednesday. Morgan Stanley upped their price target on shares of AutoZone from $3,038.00 to $3,125.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. Roth Capital upgraded AutoZone to a "strong-buy" rating in a report on Tuesday, October 15th. Finally, Wedbush restated an "outperform" rating and set a $3,200.00 target price on shares of AutoZone in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, AutoZone has an average rating of "Moderate Buy" and an average target price of $3,339.25.

Insider Buying and Selling at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the company'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 completion of the sale, the vice president now owns 1,218 shares of the company's stock, valued at $3,785,166.42. This represents a 56.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman William C. Rhodes III sold 300 shares of the firm's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the completion of the transaction, the chairman now directly owns 13,857 shares in the company, valued at approximately $42,613,046.40. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,880 shares of company stock worth $46,225,660. Company insiders own 2.10% of the company's stock.

AutoZone Trading Down 0.1 %

NYSE:AZO traded down $4.44 on Wednesday, reaching $3,342.72. 117,747 shares of the stock traded hands, compared to its average volume of 139,673. The company has a market capitalization of $56.51 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.70 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,510.00 and a 12 month high of $3,416.71. The company's fifty day simple moving average is $3,137.56 and its 200 day simple moving average is $3,057.08.

AutoZone (NYSE:AZO - Get Free Report) last issued 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). The business had revenue of $4.28 billion for the quarter, compared to analysts' expectations of $4.30 billion. AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $32.55 earnings per share. Equities analysts anticipate that AutoZone, Inc. will post 155.79 EPS for the current fiscal year.

AutoZone Company 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.