AutoZone, Inc. (NYSE:AZO) Shares Acquired by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. increased its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 16.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,664 shares of the company's stock after purchasing an additional 241 shares during the period. AutoZone makes up about 1.5% of Kinsale Capital Group Inc.'s investment portfolio, making the stock its 28th largest position. Kinsale Capital Group Inc.'s holdings in AutoZone were worth $5,242,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC increased its position 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. PineStone Asset Management Inc. lifted its holdings in shares of AutoZone by 137.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company's stock worth $918,998,000 after acquiring an additional 179,543 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of AutoZone in the 2nd quarter worth about $424,000. Captrust Financial Advisors lifted its holdings in shares of AutoZone by 564.2% in the 1st quarter. Captrust Financial Advisors now owns 152,091 shares of the company's stock worth $479,338,000 after acquiring an additional 129,193 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in shares of AutoZone by 2,714.8% in the 2nd quarter. Baillie Gifford & Co. now owns 120,194 shares of the company's stock worth $356,267,000 after acquiring an additional 115,924 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

AutoZone Price Performance

Shares of NYSE:AZO traded down $28.53 during trading hours on Friday, hitting $3,107.53. The company's stock had a trading volume of 117,884 shares, compared to its average volume of 124,162. The firm's fifty day moving average price is $3,112.88 and its 200 day moving average price is $3,024.56. AutoZone, Inc. has a 52 week low of $2,510.00 and a 52 week high of $3,256.37. The company has a market capitalization of $52.52 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.57 and a beta of 0.71.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share (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 firm had revenue of $6.21 billion during the quarter, compared to analysts' expectations of $6.25 billion. During the same period in the previous year, the firm earned $46.46 EPS. The firm's quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that AutoZone, Inc. will post 158.09 earnings per share for the current fiscal year.

Insider Transactions at AutoZone

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the business'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 transaction of $4,910,150.20. Following the sale, the vice president now owns 1,218 shares of the company's stock, valued at approximately $3,785,166.42. The trade was a 56.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 of the company's stock, valued at approximately $42,613,046.40. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,880 shares of company stock valued at $46,225,660 in the last 90 days. Insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AZO shares. Citigroup lowered their target price on shares of AutoZone from $3,787.00 to $3,500.00 and set a "buy" rating for the company in a report on Wednesday, September 25th. UBS Group raised their target price on shares of AutoZone from $3,340.00 to $3,500.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Evercore ISI lifted their price objective on shares of AutoZone from $3,300.00 to $3,350.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Roth Capital upgraded shares of AutoZone to a "strong-buy" rating in a report on Tuesday, October 15th. Finally, Morgan Stanley lifted their price objective on shares of AutoZone from $3,038.00 to $3,125.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $3,202.71.

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.