Saturna Capital Corp Buys 22 Shares of AutoZone, Inc. (NYSE:AZO)

Saturna Capital Corp raised its stake in AutoZone, Inc. (NYSE:AZO) by 0.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,638 shares of the company’s stock after purchasing an additional 22 shares during the period. AutoZone accounts for 1.7% of Saturna Capital Corp’s holdings, making the stock its 23rd biggest holding. Saturna Capital Corp owned 0.24% of AutoZone worth $128,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AZO. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone in the 3rd quarter valued at about $36,000. Meeder Asset Management Inc. grew its stake in AutoZone by 50.0% in the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after acquiring an additional 5 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in AutoZone in the third quarter valued at approximately $47,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of AutoZone during the second quarter valued at approximately $50,000. Finally, ORG Partners LLC acquired a new position in shares of AutoZone during the second quarter worth approximately $50,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AZO. BNP Paribas raised shares of AutoZone to a “strong-buy” rating in a research report on Wednesday, September 25th. UBS Group raised their price objective on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Roth Capital raised shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Wedbush reaffirmed an “outperform” rating and issued a $3,200.00 price target on shares of AutoZone in a research report on Thursday, September 19th. Finally, Roth Mkm reiterated a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a research note on Wednesday, October 16th. 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. According to MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and an average target price of $3,202.71.

Insider Buying and Selling

In other AutoZone news, Chairman William C. Rhodes III sold 300 shares of the 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 transaction, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $42,613,046.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman William C. Rhodes III sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the sale, the chairman now directly owns 13,857 shares in the company, valued at approximately $43,055,777.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman William C. Rhodes III sold 300 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $42,613,046.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

AutoZone Price Performance

NYSE AZO opened at $3,175.72 on Wednesday. The business’s fifty day moving average is $3,112.53 and its 200-day moving average is $3,021.55. The stock has a market capitalization of $53.67 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.61 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,510.00 and a one year high of $3,256.37.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing the consensus estimate 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 negative return on equity of 52.99% and a net margin of 14.40%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $46.46 EPS. Research analysts expect that AutoZone, Inc. will post 158.09 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.