AutoZone, Inc. (NYSE:AZO) Holdings Increased by Highview Capital Management LLC DE

Highview Capital Management LLC DE grew its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 515 shares of the company’s stock after buying an additional 9 shares during the quarter. Highview Capital Management LLC DE’s holdings in AutoZone were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AZO. Fidelis Capital Partners LLC raised its holdings in shares of AutoZone by 5.0% in the 3rd quarter. Fidelis Capital Partners LLC now owns 167 shares of the company’s stock worth $534,000 after purchasing an additional 8 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in shares of AutoZone in the 3rd quarter worth approximately $374,000. Integrated Advisors Network LLC raised its holdings in shares of AutoZone by 14.4% in the 3rd quarter. Integrated Advisors Network LLC now owns 278 shares of the company’s stock worth $876,000 after purchasing an additional 35 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of AutoZone in the 3rd quarter worth approximately $205,000. Finally, Hunter Associates Investment Management LLC raised its holdings in shares of AutoZone by 2.0% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 812 shares of the company’s stock worth $2,544,000 after purchasing an additional 16 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Trading Down 1.5 %

Shares of AZO opened at $3,060.89 on Wednesday. The stock has a 50 day simple moving average of $3,129.07 and a 200-day simple moving average of $3,011.64. AutoZone, Inc. has a 1 year low of $2,448.80 and a 1 year high of $3,256.37. The stock has a market cap of $52.29 billion, a PE ratio of 20.45, a PEG ratio of 1.59 and a beta of 0.70.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share 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 analyst estimates of $6.25 billion. During the same period in the prior year, the business earned $46.46 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, sell-side analysts forecast that AutoZone, Inc. will post 157.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AZO. DA Davidson restated a “neutral” rating and set a $3,025.00 price target on shares of AutoZone in a report on Monday, September 30th. StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. UBS Group boosted 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 report on Wednesday, September 25th. Wedbush reaffirmed an “outperform” rating and set a $3,200.00 price objective on shares of AutoZone in a research report on Thursday, September 19th. Finally, Mizuho boosted their price objective on shares of AutoZone from $3,280.00 to $3,350.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3,202.71.

Insider Activity at AutoZone

In related news, Chairman William C. Rhodes III sold 300 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was 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 $42,613,046.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the 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 transaction, the vice president now directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William C. Rhodes III sold 300 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the completion of the transaction, the chairman now owns 13,857 shares in the company, valued at $42,613,046.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,880 shares of company stock valued at $46,225,660 in the last three months. 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.