9,634 AutoZone, Inc. $AZO Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its position in AutoZone, Inc. (NYSE:AZO) by 415.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,953 shares of the company’s stock after purchasing an additional 9,634 shares during the period. TD Waterhouse Canada Inc.’s holdings in AutoZone were worth $33,827,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in AutoZone by 42,984.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 10,537,614 shares of the company’s stock valued at $29,821,658,000 after purchasing an additional 10,513,156 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of AutoZone in the 2nd quarter worth $3,938,566,000. Sound Income Strategies LLC lifted its holdings in shares of AutoZone by 646,568.6% in the 3rd quarter. Sound Income Strategies LLC now owns 659,602 shares of the company’s stock worth $1,866,687,000 after buying an additional 659,500 shares during the period. Howard Capital Management LLC grew its position in shares of AutoZone by 79,236.8% during the 3rd quarter. Howard Capital Management LLC now owns 385,577 shares of the company’s stock worth $1,091,191,000 after buying an additional 385,091 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of AutoZone by 247,417.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 249,993 shares of the company’s stock worth $798,963,000 after buying an additional 249,892 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Insider Activity at AutoZone

In other news, VP Dennis LeRiche sold 1,455 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $3,100.00, for a total value of $4,510,500.00. Following the completion of the transaction, the vice president directly owned 441 shares of the company’s stock, valued at approximately $1,367,100. The trade was a 76.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group set a $3,850.00 price target on AutoZone in a research note on Wednesday, September 23rd. Raymond James Financial lowered their price objective on shares of AutoZone from $4,000.00 to $3,700.00 and set a “strong-buy” rating for the company in a research note on Wednesday, September 23rd. Robert W. Baird lowered their price objective on shares of AutoZone from $3,600.00 to $3,400.00 and set a “neutral” rating for the company in a research note on Wednesday, September 23rd. Oppenheimer set a $3,400.00 target price on shares of AutoZone in a report on Wednesday, September 23rd. Finally, BMO Capital Markets dropped their target price on shares of AutoZone from $4,000.00 to $3,500.00 and set an “outperform” rating on the stock in a report on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3,669.12.

AutoZone Stock Up 1.9%

Shares of NYSE:AZO opened at $3,116.62 on Friday. The company has a market capitalization of $50.89 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.45 and a beta of 0.40. AutoZone, Inc. has a 52 week low of $2,730.65 and a 52 week high of $4,040.00. The firm has a 50 day moving average of $2,937.50 and a 200 day moving average of $3,131.66.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 22nd. The company reported $56.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. The company had revenue of $6.59 billion during the quarter, compared to analyst estimates of $6.70 billion. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%. AutoZone’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $48.71 earnings per share. On average, sell-side analysts expect that AutoZone, Inc. will post 171.53 EPS for the current year.

AutoZone Company Profile

AutoZone, Inc is a specialty retailer of automotive replacement parts, accessories and maintenance products. The company serves do-it-yourself customers as well as professional automotive repair shops, offering products such as batteries, brakes, filters, engine components, tools, fluids and other vehicle parts.

In addition to its retail stores, AutoZone provides commercial sales and delivery services for professional repair businesses. The company also operates ALLDATA, which offers automotive diagnostic, repair and shop-management software and information services to repair professionals.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional stores and operations in Mexico and Brazil.