701 Shares in AutoZone, Inc. (NYSE:AZO) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new stake in AutoZone, Inc. (NYSE:AZO - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 701 shares of the company's stock, valued at approximately $2,208,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AZO. ORG Partners LLC bought a new stake in shares of AutoZone during the second quarter valued at approximately $50,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of AutoZone by 39.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 387 shares of the company's stock worth $1,147,000 after purchasing an additional 109 shares during the last quarter. Blue Trust Inc. increased its position in shares of AutoZone by 428.6% during the 2nd quarter. Blue Trust Inc. now owns 37 shares of the company's stock worth $117,000 after purchasing an additional 30 shares in the last quarter. Raymond James & Associates lifted its holdings in AutoZone by 4.6% during the 2nd quarter. Raymond James & Associates now owns 40,217 shares of the company's stock valued at $119,207,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in AutoZone by 89.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 11,000 shares of the company's stock valued at $32,605,000 after buying an additional 5,180 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of AutoZone stock in a transaction 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. The trade was a 56.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman William C. Rhodes III sold 300 shares of the firm's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total value of $922,560.00. Following the completion of the transaction, the chairman now owns 13,857 shares of the company's stock, valued at $42,613,046.40. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock valued at $46,225,660 in the last 90 days. 2.10% of the stock is currently owned by company insiders.

AutoZone Stock Performance

AZO stock traded up $29.79 during mid-day trading on Friday, hitting $3,370.27. 111,303 shares of the company were exchanged, compared to its average volume of 139,495. AutoZone, Inc. has a 1-year low of $2,510.00 and a 1-year high of $3,416.71. The firm's 50 day simple moving average is $3,155.07 and its 200 day simple moving average is $3,065.08. The firm has a market cap of $56.97 billion, a P/E ratio of 22.51, a P/E/G ratio of 1.73 and a beta of 0.71.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts' consensus estimates of $33.69 by ($1.17). The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $32.55 earnings per share. On average, equities research analysts predict that AutoZone, Inc. will post 154.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AZO. The Goldman Sachs Group lowered shares of AutoZone from a "buy" rating to a "sell" rating and dropped their price objective for the stock from $3,205.00 to $2,917.00 in a report on Monday, October 14th. Morgan Stanley raised their price target on AutoZone from $3,038.00 to $3,125.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Wells Fargo & Company increased their target price on AutoZone from $3,450.00 to $3,750.00 and gave the stock an "overweight" rating in a report on Wednesday. StockNews.com cut AutoZone from a "buy" rating to a "hold" rating in a report on Saturday, September 21st. Finally, Guggenheim increased their price objective on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, AutoZone currently has an average rating of "Moderate Buy" and an average target price of $3,360.47.

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.