LGT Capital Partners LTD. Has $94.31 Million Position in AutoZone, Inc. (NYSE:AZO)

LGT Capital Partners LTD. raised its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 28.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,940 shares of the company's stock after acquiring an additional 6,559 shares during the period. AutoZone makes up 3.3% of LGT Capital Partners LTD.'s portfolio, making the stock its 11th biggest position. LGT Capital Partners LTD. owned about 0.18% of AutoZone worth $94,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Beddow Capital Management Inc. boosted its holdings in shares of AutoZone by 2.2% during the third quarter. Beddow Capital Management Inc. now owns 420 shares of the company's stock valued at $1,323,000 after acquiring an additional 9 shares during the period. Caprock Group LLC boosted its position in shares of AutoZone by 1.5% during the third quarter. Caprock Group LLC now owns 808 shares of the company's stock worth $2,545,000 after buying an additional 12 shares during the period. Pathstone Holdings LLC grew its stake in shares of AutoZone by 4.6% in the third quarter. Pathstone Holdings LLC now owns 3,762 shares of the company's stock worth $11,852,000 after purchasing an additional 165 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in shares of AutoZone by 12.0% during the third quarter. Cassaday & Co Wealth Management LLC now owns 93 shares of the company's stock valued at $293,000 after purchasing an additional 10 shares during the period. Finally, Braun Stacey Associates Inc. raised its stake in shares of AutoZone by 0.9% during the third quarter. Braun Stacey Associates Inc. now owns 7,129 shares of the company's stock valued at $22,457,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

Insider Buying and Selling

In related news, VP John Scott Murphy sold 1,580 shares of the firm's stock in a transaction 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 directly owns 1,218 shares in the company, valued at $3,785,166.42. This trade represents a 56.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman William C. Rhodes III sold 300 shares of the business's stock in a transaction 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 sale, the chairman now directly owns 13,857 shares in the company, valued at approximately $42,613,046.40. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,880 shares of company stock valued at $46,225,660. 2.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AZO. Roth Capital raised shares of AutoZone to a "strong-buy" rating in a research note on Tuesday, October 15th. Truist Financial lifted their target price on AutoZone from $3,341.00 to $3,501.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Roth Mkm restated a "buy" rating and set a $3,634.00 price objective on shares of AutoZone in a research report on Wednesday, October 16th. UBS Group boosted 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. Finally, The Goldman Sachs Group cut shares of AutoZone from a "buy" rating to a "sell" rating and reduced their target price for the stock from $3,205.00 to $2,917.00 in a report on Monday, October 14th. One equities 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $3,202.71.

AutoZone Price Performance

Shares of AZO stock traded down $62.35 on Tuesday, hitting $3,104.58. The company's stock had a trading volume of 65,525 shares, compared to its average volume of 138,315. The stock has a market capitalization of $52.47 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 1.57 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,510.00 and a fifty-two week high of $3,256.37. The firm's fifty day moving average price is $3,113.91 and its 200-day moving average price is $3,026.55.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing analysts' consensus estimates of $53.31 by ($5.20). The company had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.25 billion. AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The firm's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $46.46 earnings per share. Analysts predict that AutoZone, Inc. will post 158.09 EPS for the current fiscal year.

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.