Mather Group LLC. Acquires 4 Shares of AutoZone, Inc. (NYSE:AZO)

Mather Group LLC. increased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224 shares of the company’s stock after acquiring an additional 4 shares during the period. Mather Group LLC.’s holdings in AutoZone were worth $706,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AZO. Trust Co. of Toledo NA OH raised its position in shares of AutoZone by 13.7% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 108 shares of the company’s stock worth $320,000 after purchasing an additional 13 shares during the last quarter. Chickasaw Capital Management LLC increased its position in shares of AutoZone by 0.9% during the second 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 in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in AutoZone by 20.0% in 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. GAMMA Investing LLC boosted its stake in AutoZone by 18.4% during the 2nd quarter. GAMMA Investing LLC now owns 122 shares of the company’s stock valued at $362,000 after purchasing an additional 19 shares during the last quarter. Finally, Transcend Capital Advisors LLC bought a new stake in shares of AutoZone in the 2nd quarter worth $373,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wolfe Research cut their target price 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. Truist Financial dropped their target price on AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. UBS Group reduced their price target on shares of AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Citigroup dropped their price target on shares of AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Three equities 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 stock. Based on data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and a consensus target price of $3,112.71.

AutoZone Stock Performance

AZO stock traded up $26.85 during mid-day trading on Wednesday, reaching $3,146.44. 29,658 shares of the stock traded hands, compared to its average volume of 146,864. AutoZone, Inc. has a one year low of $2,375.35 and a one year high of $3,256.37. The stock has a market capitalization of $53.75 billion, a PE ratio of 21.58, a PEG ratio of 1.58 and a beta of 0.71. The business has a 50-day moving average price of $2,921.26 and a two-hundred day moving average price of $2,935.53.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, May 21st. The company reported $36.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.67 by $1.02. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.29 billion. AutoZone had a net margin of 14.60% and a negative return on equity of 54.58%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $34.12 earnings per share. On average, equities analysts expect that AutoZone, Inc. will post 151.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Jenna M. Bedsole purchased 36 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of $2,757.10 per share, for a total transaction of $99,255.60. Following the completion of the transaction, the vice president now directly owns 36 shares of the company’s stock, valued at $99,255.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by corporate 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.