Romano Brothers AND Company Sells 31 Shares of AutoZone, Inc. (NYSE:AZO)

Romano Brothers AND Company cut its position in shares of AutoZone, Inc. (NYSE:AZO) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 687 shares of the company’s stock after selling 31 shares during the period. Romano Brothers AND Company’s holdings in AutoZone were worth $2,164,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Great Lakes Retirement Inc. boosted its stake in shares of AutoZone by 10.1% in the 3rd quarter. Great Lakes Retirement Inc. now owns 413 shares of the company’s stock valued at $1,301,000 after purchasing an additional 38 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in AutoZone by 354,692.5% during the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after purchasing an additional 993,139 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in AutoZone by 204.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 277 shares of the company’s stock valued at $873,000 after buying an additional 186 shares in the last quarter. Meadow Creek Wealth Advisors LLC boosted its position in AutoZone by 5.0% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 106 shares of the company’s stock valued at $334,000 after buying an additional 5 shares in the last quarter. Finally, Weaver Capital Management LLC grew its stake in AutoZone by 7.7% during the third quarter. Weaver Capital Management LLC now owns 1,099 shares of the company’s stock worth $3,463,000 after buying an additional 79 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction that occurred 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 owns 1,218 shares in the company, valued at approximately $3,785,166.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Chairman William C. Rhodes III sold 13,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the completion of the transaction, the chairman now owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the sale, the vice president now directly owns 1,218 shares in the company, valued at $3,785,166.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,880 shares of company stock worth $46,225,660. 2.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. BNP Paribas upgraded shares of AutoZone to a “strong-buy” rating in a research note on Wednesday, September 25th. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. UBS Group raised their target price on AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Evercore ISI upped their price target on shares of AutoZone from $3,300.00 to $3,350.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Roth Mkm reissued a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,202.71.

AutoZone Stock Performance

Shares of AZO opened at $3,196.44 on Thursday. The stock has a 50 day simple moving average of $3,134.91 and a 200 day simple moving average of $3,009.12. AutoZone, Inc. has a 52-week low of $2,375.35 and a 52-week high of $3,256.37. The firm has a market capitalization of $54.60 billion, a PE ratio of 22.11, a P/E/G ratio of 1.59 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its quarterly earnings data 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 negative return on equity of 52.99% and a net margin of 14.40%. The company had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter in the previous year, the business earned $46.46 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. Equities research analysts predict that AutoZone, Inc. will post 157.99 EPS for the current fiscal year.

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.