3,427 Shares in AutoZone, Inc. (NYSE:AZO) Acquired by AMF Tjanstepension AB

AMF Tjanstepension AB purchased a new position in shares of AutoZone, Inc. (NYSE:AZO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,427 shares of the company’s stock, valued at approximately $10,158,000.

A number of other large investors also recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC increased its position in AutoZone by 11.8% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 237 shares of the company’s stock worth $702,000 after purchasing an additional 25 shares in the last quarter. Mather Group LLC. grew its stake in AutoZone by 1.8% during the second quarter. Mather Group LLC. now owns 224 shares of the company’s stock worth $706,000 after buying an additional 4 shares during the period. Trust Co. of Toledo NA OH increased its position in shares of AutoZone by 13.7% in the second quarter. Trust Co. of Toledo NA OH now owns 108 shares of the company’s stock worth $320,000 after acquiring an additional 13 shares in the last quarter. Chickasaw Capital Management LLC raised its stake in shares of AutoZone by 0.9% in the 2nd quarter. Chickasaw Capital Management LLC now owns 1,949 shares of the company’s stock valued at $5,777,000 after acquiring an additional 18 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of AutoZone by 20.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 42 shares of the company’s stock valued at $124,000 after acquiring an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AZO. Barclays cut their price objective on AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. Evercore ISI lowered their price target on shares of AutoZone from $3,278.00 to $3,275.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Wolfe Research decreased their price objective on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. UBS Group lowered their price objective on AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Finally, Oppenheimer restated a “market perform” rating and set a $2,600.00 price objective on shares of AutoZone in a report on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and an average price target of $3,112.71.

AutoZone Stock Performance

Shares of AZO traded down $29.95 during mid-day trading on Wednesday, reaching $3,089.64. 100,931 shares of the company’s stock traded hands, compared to its average volume of 147,336. AutoZone, Inc. has a 12 month low of $2,375.35 and a 12 month high of $3,256.37. The stock has a market capitalization of $52.78 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 1.58 and a beta of 0.71. The business’s 50-day moving average price is $2,921.26 and its 200-day moving average price is $2,935.53.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 21st. The company reported $36.69 earnings per share for the quarter, beating analysts’ consensus estimates of $35.67 by $1.02. AutoZone had a net margin of 14.60% and a negative return on equity of 54.58%. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the company earned $34.12 EPS. AutoZone’s revenue was up 3.6% on a year-over-year basis. Equities research analysts anticipate that AutoZone, Inc. will post 151.37 EPS for the current year.

Insider Activity at AutoZone

In other AutoZone news, VP Jenna M. Bedsole purchased 36 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were bought at an average price of $2,757.10 per share, for a total transaction of $99,255.60. Following the purchase, the vice president now directly owns 36 shares in the company, valued at approximately $99,255.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is owned by insiders.

About AutoZone

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.