Sather Financial Group Inc Purchases 22 Shares of AutoZone, Inc. (NYSE:AZO)

Sather Financial Group Inc increased its position in AutoZone, Inc. (NYSE:AZO) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,509 shares of the company’s stock after purchasing an additional 22 shares during the quarter. AutoZone makes up 1.9% of Sather Financial Group Inc’s holdings, making the stock its 21st largest position. Sather Financial Group Inc owned about 0.06% of AutoZone worth $29,954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Mather Group LLC. boosted its position in shares of AutoZone by 1.8% during the 2nd quarter. Mather Group LLC. now owns 224 shares of the company’s stock worth $706,000 after acquiring an additional 4 shares in the last quarter. Conning Inc. lifted its stake in AutoZone by 4.3% in 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 last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in AutoZone by 14.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock valued at $95,000 after purchasing an additional 4 shares during the last quarter. Brighton Jones LLC lifted its stake in AutoZone by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock valued at $299,000 after purchasing an additional 4 shares during the last quarter. Finally, Fidelis Capital Partners LLC lifted its stake in AutoZone by 2.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 159 shares of the company’s stock valued at $490,000 after purchasing an additional 4 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Down 0.9 %

Shares of NYSE AZO opened at $3,107.53 on Friday. AutoZone, Inc. has a twelve month low of $2,510.00 and a twelve month high of $3,256.37. The firm has a fifty day simple moving average of $3,112.88 and a 200 day simple moving average of $3,024.56. The company has a market capitalization of $52.52 billion, a PE ratio of 20.76, a P/E/G ratio of 1.60 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The company had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same period last year, the firm posted $46.46 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities analysts expect that AutoZone, Inc. will post 158.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on AZO. UBS Group increased 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. Redburn Atlantic raised shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. Evercore ISI increased their price objective on shares of AutoZone from $3,300.00 to $3,350.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Wedbush reissued an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a research note on Thursday, September 19th. Finally, Morgan Stanley raised their price target on shares of AutoZone from $3,038.00 to $3,125.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. One research 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3,202.71.

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 completion of 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 56.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman William C. Rhodes III sold 300 shares of AutoZone stock in a transaction on 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 of the company’s stock, valued at approximately $42,613,046.40. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,880 shares of company stock valued at $46,225,660. Corporate insiders own 2.10% 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.