Becker Capital Management Inc. Boosts Stake in AutoZone, Inc. (NYSE:AZO)

Becker Capital Management Inc. raised its holdings in AutoZone, Inc. (NYSE:AZO) by 0.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,850 shares of the company’s stock after purchasing an additional 88 shares during the quarter. Becker Capital Management Inc. owned 0.06% of AutoZone worth $20,121,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Crossmark Global Holdings Inc. raised its position in AutoZone by 47.3% in the third quarter. Crossmark Global Holdings Inc. now owns 1,464 shares of the company’s stock valued at $541,000 after purchasing an additional 470 shares during the period. Teamwork Financial Advisors LLC acquired a new stake in shares of AutoZone in the third quarter valued at $372,000. IFM Investors Pty Ltd grew its stake in shares of AutoZone by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 2,965 shares of the company’s stock valued at $5,035,000 after buying an additional 8 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in shares of AutoZone by 29.5% in the third quarter. Koshinski Asset Management Inc. now owns 1,501 shares of the company’s stock valued at $2,549,000 after buying an additional 342 shares in the last quarter. Finally, Arden Trust Co grew its stake in shares of AutoZone by 2.9% in the third quarter. Arden Trust Co now owns 496 shares of the company’s stock valued at $842,000 after buying an additional 14 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

In other AutoZone news, EVP Philip B. Daniele sold 1,180 shares of the stock in a transaction on Friday, October 22nd. The stock was sold at an average price of $1,827.11, for a total transaction of $2,155,989.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Charles Pleas III sold 7,000 shares of the stock in a transaction on Wednesday, September 22nd. The shares were sold at an average price of $1,675.90, for a total value of $11,731,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,680 shares of company stock worth $21,459,935 in the last quarter. 2.60% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on the company. Credit Suisse Group lifted their price objective on AutoZone from $1,660.00 to $1,785.00 and gave the company an “outperform” rating in a research note on Wednesday, September 22nd. Bank of America boosted their target price on AutoZone from $1,390.00 to $1,490.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 22nd. DA Davidson cut AutoZone from a “buy” rating to a “neutral” rating and set a $1,600.00 target price for the company. in a research note on Monday, September 13th. Morgan Stanley boosted their target price on AutoZone from $1,650.00 to $1,710.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 22nd. Finally, Stephens boosted their target price on AutoZone from $1,700.00 to $1,850.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $1,711.35.

Shares of AutoZone stock traded down $25.05 on Thursday, hitting $1,855.05. The stock had a trading volume of 122,927 shares, compared to its average volume of 195,563. AutoZone, Inc. has a 52-week low of $1,085.85 and a 52-week high of $1,941.36. The stock has a market cap of $38.90 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.46 and a beta of 0.86. The company’s 50 day moving average price is $1,762.87 and its 200 day moving average price is $1,610.35.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Monday, September 20th. The company reported $35.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $30.20 by $5.52. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.57 billion. AutoZone had a negative return on equity of 142.05% and a net margin of 14.84%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $30.93 EPS. As a group, research analysts predict that AutoZone, Inc. will post 97.73 EPS for the current fiscal year.

About AutoZone

AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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