Net Worth Advisory Group Makes New $776,000 Investment in AutoZone, Inc. (NYSE:AZO)

Net Worth Advisory Group purchased a new stake in AutoZone, Inc. (NYSE:AZO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 246 shares of the company’s stock, valued at approximately $776,000.

A number of other institutional investors also recently modified their holdings of AZO. Quent Capital LLC raised its holdings in AutoZone by 4.8% during the 1st quarter. Quent Capital LLC now owns 88 shares of the company’s stock valued at $277,000 after acquiring an additional 4 shares during the period. Mather Group LLC. grew its position in shares of AutoZone by 1.8% in the second quarter. Mather Group LLC. now owns 224 shares of the company’s stock valued at $706,000 after purchasing an additional 4 shares in the last quarter. Conning Inc. raised its stake in shares of AutoZone by 4.3% during the 2nd quarter. Conning Inc. now owns 98 shares of the company’s stock valued at $290,000 after purchasing an additional 4 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in AutoZone by 14.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock worth $95,000 after purchasing an additional 4 shares in the last quarter. Finally, Brighton Jones LLC boosted its stake in AutoZone by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after purchasing an additional 4 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AZO shares. Oppenheimer reissued a “market perform” rating and issued a $2,600.00 price target on shares of AutoZone in a report on Wednesday, June 26th. Mizuho increased their target price on shares of AutoZone from $3,280.00 to $3,350.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. DA Davidson reiterated a “neutral” rating and issued a $3,025.00 price objective on shares of AutoZone in a research report on Monday, September 30th. Finally, Guggenheim lifted their price objective on AutoZone from $3,225.00 to $3,350.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,202.71.

AutoZone Stock Up 0.8 %

AZO opened at $3,182.07 on Friday. The stock has a market cap of $54.36 billion, a PE ratio of 22.01, a PEG ratio of 1.59 and a beta of 0.70. The business has a 50 day moving average of $3,133.09 and a 200-day moving average of $3,008.48. AutoZone, Inc. has a 52 week low of $2,375.35 and a 52 week high of $3,256.37.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The business had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter last year, the firm posted $46.46 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. Equities analysts anticipate that AutoZone, Inc. will post 157.99 EPS for the current year.

Insider Activity at AutoZone

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was 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 of the company’s stock, valued at approximately $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman William C. Rhodes III sold 13,000 shares of the stock in a transaction on Thursday, October 10th. The stock was 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 of the company’s stock, valued at $43,055,777.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 1,218 shares of the company’s stock, 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. Insiders sold a total of 14,880 shares of company stock valued at $46,225,660 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

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.