Los Angeles Capital Management LLC Has $76.32 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Los Angeles Capital Management LLC trimmed its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 38.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,228 shares of the company's stock after selling 15,242 shares during the period. Los Angeles Capital Management LLC owned 0.14% of AutoZone worth $76,319,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mather Group LLC. lifted its holdings in AutoZone by 1.8% during the 2nd quarter. Mather Group LLC. now owns 224 shares of the company's stock valued at $706,000 after purchasing an additional 4 shares during the last quarter. Conning Inc. lifted its stake in shares of AutoZone by 4.3% during the 2nd quarter. Conning Inc. now owns 98 shares of the company's stock worth $290,000 after buying an additional 4 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of AutoZone by 14.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company's stock worth $95,000 after buying an additional 4 shares during the period. Brighton Jones LLC boosted its holdings in shares of AutoZone by 4.1% during the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company's stock worth $299,000 after buying an additional 4 shares during the period. Finally, Fidelis Capital Partners LLC grew its stake in AutoZone by 2.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 159 shares of the company's stock valued at $490,000 after buying an additional 4 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wedbush restated an "outperform" rating and set a $3,200.00 price objective on shares of AutoZone in a report on Thursday, September 19th. Truist Financial lifted their price target on AutoZone from $3,341.00 to $3,501.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Mizuho upped their price objective on AutoZone from $3,280.00 to $3,350.00 and gave the company an "outperform" rating in a report on Wednesday, September 25th. BNP Paribas upgraded AutoZone to a "strong-buy" rating in a research report on Wednesday, September 25th. Finally, Guggenheim boosted their target price on shares of AutoZone from $3,225.00 to $3,350.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, AutoZone has a consensus rating of "Moderate Buy" and a consensus target price of $3,202.71.

Insider Buying and Selling at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the firm'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 directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP John Scott Murphy sold 1,580 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the business's stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the sale, the chairman now owns 13,857 shares in the company, valued at $43,055,777.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,880 shares of company stock worth $46,225,660 over the last 90 days. Insiders own 2.50% of the company's stock.

AutoZone Price Performance

NYSE:AZO traded down $40.06 during mid-day trading on Friday, reaching $3,110.12. The stock had a trading volume of 145,833 shares, compared to its average volume of 117,930. AutoZone, Inc. has a 12 month low of $2,510.00 and a 12 month high of $3,256.37. The stock has a market capitalization of $52.57 billion, a PE ratio of 20.77, a P/E/G ratio of 1.62 and a beta of 0.71. The stock has a 50-day simple moving average of $3,112.04 and a two-hundred day simple moving average of $3,018.16.

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

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.