AutoZone, Inc. (NYSE:AZO) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 38.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,192 shares of the company's stock after purchasing an additional 332 shares during the period. Tidal Investments LLC's holdings in AutoZone were worth $3,755,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AZO. Capital Performance Advisors LLP acquired a new position in AutoZone during the 3rd quarter worth approximately $36,000. Meeder Asset Management Inc. grew its holdings in AutoZone by 50.0% during the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company's stock valued at $44,000 after purchasing an additional 5 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of AutoZone in the third quarter worth $47,000. Darwin Wealth Management LLC bought a new position in shares of AutoZone in the third quarter worth $47,000. Finally, McIlrath & Eck LLC boosted its stake in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock valued at $63,000 after buying an additional 4 shares during the period. Institutional investors own 92.74% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Roth Capital upgraded AutoZone to a "strong-buy" rating in a research report on Tuesday, October 15th. DA Davidson reaffirmed a "neutral" rating and set a $3,025.00 price objective on shares of AutoZone in a research report on Monday, September 30th. Citigroup boosted their price target on AutoZone from $3,500.00 to $3,900.00 and gave the stock a "buy" rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Evercore ISI upped their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an "outperform" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $3,360.47.

Insider Buying and Selling

In other news, Chairman William C. Rhodes III sold 300 shares of AutoZone 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 sale, the chairman now owns 13,857 shares in the company, valued at $42,613,046.40. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John Scott Murphy sold 1,580 shares of AutoZone stock in a transaction dated 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 completion of the sale, the vice president now owns 1,218 shares in the company, valued at approximately $3,785,166.42. This trade represents a 56.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,880 shares of company stock valued at $46,225,660 over the last 90 days. Insiders own 2.10% of the company's stock.

AutoZone Stock Up 0.9 %

Shares of NYSE AZO traded up $29.79 during midday trading on Friday, reaching $3,370.27. 111,303 shares of the company's stock traded hands, compared to its average volume of 139,495. The company has a market cap of $56.97 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,510.00 and a one year high of $3,416.71. The stock's 50 day simple moving average is $3,155.07 and its 200-day simple moving average is $3,066.94.

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

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.