AutoZone, Inc. $AZO Shares Purchased by NFSG Corp

NFSG Corp increased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 108,550.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,076 shares of the company’s stock after acquiring an additional 26,052 shares during the period. AutoZone comprises approximately 7.6% of NFSG Corp’s portfolio, making the stock its biggest holding. NFSG Corp’s holdings in AutoZone were worth $73,796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AZO. IVC Wealth Advisors LLC lifted its holdings in AutoZone by 2.9% in the 1st quarter. IVC Wealth Advisors LLC now owns 107 shares of the company’s stock worth $361,000 after purchasing an additional 3 shares in the last quarter. Pure Financial Advisors LLC grew its holdings in AutoZone by 2.4% during the 4th quarter. Pure Financial Advisors LLC now owns 127 shares of the company’s stock valued at $430,000 after buying an additional 3 shares in the last quarter. Petredis Investment Advisors LLC grew its holdings in AutoZone by 0.4% during the 1st quarter. Petredis Investment Advisors LLC now owns 762 shares of the company’s stock valued at $2,574,000 after buying an additional 3 shares in the last quarter. KFG Wealth Management LLC grew its holdings in AutoZone by 2.2% during the 1st quarter. KFG Wealth Management LLC now owns 142 shares of the company’s stock valued at $480,000 after buying an additional 3 shares in the last quarter. Finally, Crown Wealth Group LLC raised its position in shares of AutoZone by 3.7% during the first quarter. Crown Wealth Group LLC now owns 84 shares of the company’s stock valued at $284,000 after buying an additional 3 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Insiders Place Their Bets

In related news, VP Dennis LeRiche sold 1,455 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the sale, the vice president owned 441 shares of the company’s stock, valued at $1,367,100. This represents a 76.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.60% of the company’s stock.

AutoZone Price Performance

NYSE:AZO opened at $3,059.96 on Friday. AutoZone, Inc. has a 1 year low of $2,730.65 and a 1 year high of $4,047.41. The stock’s 50 day simple moving average is $2,937.61 and its two-hundred day simple moving average is $3,131.77. The company has a market cap of $49.97 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.35 and a beta of 0.40.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 22nd. The company reported $56.05 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $55.51. The firm had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $6.70 billion. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $48.71 EPS. As a group, analysts anticipate that AutoZone, Inc. will post 171.50 EPS for the current year.

Analyst Ratings Changes

AZO has been the topic of several research analyst reports. Citigroup lowered their target price on shares of AutoZone from $3,700.00 to $3,450.00 and set a “buy” rating on the stock in a report on Monday, September 14th. DA Davidson dropped their target price on shares of AutoZone from $3,750.00 to $3,500.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Weiss Ratings cut shares of AutoZone from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Roth Capital reduced their price target on shares of AutoZone from $4,023.00 to $3,850.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Finally, Wells Fargo & Company reduced their price target on shares of AutoZone from $4,150.00 to $3,500.00 and set an “overweight” rating on the stock in a report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and a consensus target price of $3,669.12.

AutoZone Profile

AutoZone, Inc is a specialty retailer of automotive replacement parts, accessories and maintenance products. The company serves do-it-yourself customers as well as professional automotive repair shops, offering products such as batteries, brakes, filters, engine components, tools, fluids and other vehicle parts.

In addition to its retail stores, AutoZone provides commercial sales and delivery services for professional repair businesses. The company also operates ALLDATA, which offers automotive diagnostic, repair and shop-management software and information services to repair professionals.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional stores and operations in Mexico and Brazil.