AutoZone, Inc. (NYSE:AZO) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC cut its stake in AutoZone, Inc. (NYSE:AZO) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 679 shares of the company’s stock after selling 30 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in AutoZone were worth $2,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AZO. Envestnet Portfolio Solutions Inc. raised its stake in AutoZone by 9.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 278 shares of the company’s stock worth $876,000 after acquiring an additional 23 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of AutoZone during the first quarter worth about $274,000. QRG Capital Management Inc. boosted its position in AutoZone by 20.0% in the first quarter. QRG Capital Management Inc. now owns 234 shares of the company’s stock valued at $737,000 after buying an additional 39 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in AutoZone by 4.3% in the 1st quarter. Bleakley Financial Group LLC now owns 460 shares of the company’s stock worth $1,450,000 after buying an additional 19 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its position in AutoZone by 43.3% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 43 shares of the company’s stock worth $136,000 after buying an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup cut their price objective on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. UBS Group increased their price target on AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Evercore ISI boosted their price objective on AutoZone from $3,300.00 to $3,350.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. The Goldman Sachs Group downgraded AutoZone from a “buy” rating to a “sell” rating and lowered their target price for the stock from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Finally, Truist Financial lifted their price target on AutoZone from $3,341.00 to $3,501.00 and gave the company a “buy” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $3,202.71.

AutoZone Stock Up 0.1 %

AZO stock opened at $3,175.72 on Wednesday. The stock has a market capitalization of $53.67 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.57 and a beta of 0.71. AutoZone, Inc. has a 52 week low of $2,510.00 and a 52 week high of $3,256.37. The firm has a 50-day simple moving average of $3,111.88 and a 200-day simple moving average of $3,019.95.

AutoZone (NYSE:AZO) last posted 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 firm had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $6.25 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. AutoZone’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $46.46 earnings per share. On average, analysts expect that AutoZone, Inc. will post 158.09 earnings per share for the current year.

Insider Activity at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $3,785,166.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, 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 transaction of $922,560.00. Following the completion of the sale, the chairman now directly owns 13,857 shares in the company, valued at approximately $42,613,046.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Scott Murphy sold 1,580 shares of the business’s 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 transaction, the vice president now owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,880 shares of company stock valued at $46,225,660. 2.50% of the stock is owned by insiders.

AutoZone 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.