Raymond James Financial Services Advisors Inc. lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,228 shares of the company's stock after buying an additional 914 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.11% of AutoZone worth $54,030,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AZO. Rise Advisors LLC acquired a new stake in AutoZone during the 1st quarter worth approximately $32,000. Riverview Trust Co purchased a new position in AutoZone in the 1st quarter valued at $41,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in AutoZone in the 2nd quarter valued at $50,000. ORG Partners LLC purchased a new position in AutoZone during the 2nd quarter worth $50,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of AutoZone in the 4th quarter worth $54,000. Hedge funds and other institutional investors own 92.74% of the company's stock.
Insider Transactions at AutoZone
In other AutoZone news, VP Jenna M. Bedsole bought 36 shares of AutoZone stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of $2,757.10 per share, for a total transaction of $99,255.60. Following the completion of the transaction, the vice president now owns 36 shares of the company's stock, valued at approximately $99,255.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.50% of the company's stock.
AutoZone Price Performance
NYSE:AZO traded down $39.85 on Monday, reaching $3,173.02. The stock had a trading volume of 128,768 shares, compared to its average volume of 145,456. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. The company has a market cap of $54.20 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 1.58 and a beta of 0.71. The firm's fifty day moving average is $2,990.37 and its two-hundred day moving average is $2,959.51.
AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.67 by $1.02. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.29 billion. AutoZone had a net margin of 14.60% and a negative return on equity of 54.58%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $34.12 earnings per share. As a group, research analysts forecast that AutoZone, Inc. will post 151.37 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on AZO shares. Guggenheim increased their price target on shares of AutoZone from $3,150.00 to $3,225.00 and gave the stock a "buy" rating in a report on Wednesday, June 26th. Citigroup cut their target price on AutoZone from $3,420.00 to $3,250.00 and set a "buy" rating for the company in a research note on Wednesday, May 22nd. Evercore ISI dropped their price objective on AutoZone from $3,278.00 to $3,275.00 and set an "outperform" rating on the stock in a report on Tuesday, July 2nd. UBS Group reduced their target price on AutoZone from $3,465.00 to $3,340.00 and set a "buy" rating for the company in a report on Wednesday, May 22nd. Finally, Truist Financial lowered their price target on shares of AutoZone from $3,523.00 to $3,394.00 and set a "buy" rating on the stock in a research note on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $3,112.71.
Get Our Latest Report on AutoZone
About AutoZone
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO - Free Report).
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