46 Shares in AutoZone, Inc. (NYSE:AZO) Purchased by WD Rutherford LLC

WD Rutherford LLC purchased a new position in AutoZone, Inc. (NYSE:AZO) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46 shares of the company’s stock, valued at approximately $145,000.

A number of other institutional investors also recently bought and sold shares of the stock. Rise Advisors LLC bought a new position in shares of AutoZone during the first quarter valued at approximately $32,000. Riverview Trust Co bought a new position in shares of AutoZone during the first quarter valued at approximately $41,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of AutoZone during the fourth quarter valued at approximately $54,000. Private Wealth Management Group LLC bought a new position in shares of AutoZone during the fourth quarter valued at approximately $54,000. Finally, Quarry LP bought a new position in shares of AutoZone during the fourth quarter valued at approximately $70,000. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Performance

Shares of AutoZone stock traded up $8.70 on Friday, hitting $2,964.10. 188,441 shares of the company’s stock were exchanged, compared to its average volume of 145,426. The company has a 50-day simple moving average of $2,894.37 and a 200-day simple moving average of $2,863.15. The stock has a market capitalization of $50.63 billion, a PE ratio of 20.50, a PEG ratio of 1.48 and a beta of 0.71. AutoZone, Inc. has a 1 year low of $2,375.35 and a 1 year high of $3,256.37.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 EPS for the quarter, beating the consensus estimate of $35.67 by $1.02. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.29 billion. AutoZone had a net margin of 14.60% and a negative return on equity of 54.58%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $34.12 EPS. On average, analysts expect that AutoZone, Inc. will post 151.57 EPS for the current fiscal year.

Analyst Ratings Changes

AZO has been the topic of a number of recent analyst reports. Mizuho cut their price target on shares of AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Wedbush cut their price target on shares of AutoZone from $3,400.00 to $3,200.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. StockNews.com cut shares of AutoZone from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Oppenheimer reiterated a “market perform” rating and set a $2,600.00 price target on shares of AutoZone in a report on Wednesday. Finally, Morgan Stanley cut their price target on shares of AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating on the stock in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,112.88.

Insider Activity

In other news, VP Jenna M. Bedsole acquired 36 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average cost of $2,757.10 per share, for a total transaction of $99,255.60. Following the transaction, the vice president now directly owns 36 shares of the company’s stock, valued at $99,255.60. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

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.