Dakota Wealth Management Sells 4 Shares of AutoZone, Inc. (NYSE:AZO)

Dakota Wealth Management trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301 shares of the company’s stock after selling 4 shares during the quarter. Dakota Wealth Management’s holdings in AutoZone were worth $948,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quent Capital LLC grew its holdings in AutoZone by 4.8% during the 1st quarter. Quent Capital LLC now owns 88 shares of the company’s stock worth $277,000 after acquiring an additional 4 shares during the last quarter. Mather Group LLC. lifted its position in shares of AutoZone by 1.8% in the 2nd quarter. Mather Group LLC. now owns 224 shares of the company’s stock worth $706,000 after purchasing an additional 4 shares during the period. Conning Inc. lifted its position in shares of AutoZone by 4.3% in the 2nd quarter. Conning Inc. now owns 98 shares of the company’s stock worth $290,000 after purchasing an additional 4 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of AutoZone by 14.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock worth $95,000 after purchasing an additional 4 shares during the period. Finally, Brighton Jones LLC lifted its position in shares of AutoZone by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after purchasing an additional 4 shares during the period. 92.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AZO. The Goldman Sachs Group downgraded shares of AutoZone from a “buy” rating to a “sell” rating and dropped their price target for the stock from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. Evercore ISI boosted 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. Truist Financial boosted their target price on shares of AutoZone from $3,341.00 to $3,501.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Roth Mkm reiterated a “buy” rating and set a $3,634.00 target price on shares of AutoZone in a research report on Wednesday, October 16th. Finally, Wedbush reiterated an “outperform” rating and set a $3,200.00 target price on shares of AutoZone in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,202.71.

AutoZone Trading Down 0.7 %

AZO opened at $3,130.96 on Monday. The company’s fifty day moving average price is $3,132.96 and its two-hundred day moving average price is $3,010.24. AutoZone, Inc. has a 1-year low of $2,425.00 and a 1-year high of $3,256.37. The company has a market cap of $53.49 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.59 and a beta of 0.70.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter in the previous year, the company earned $46.46 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts forecast that AutoZone, Inc. will post 157.99 earnings per share for the current fiscal year.

Insider Transactions at AutoZone

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