Callan Family Office LLC Boosts Stock Position in AutoZone, Inc. $AZO

Callan Family Office LLC grew its stake in shares of AutoZone, Inc. (NYSE:AZO) by 122.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,272 shares of the company’s stock after acquiring an additional 701 shares during the period. Callan Family Office LLC’s holdings in AutoZone were worth $4,722,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AZO. Brighton Jones LLC lifted its position in shares of AutoZone by 14.4% during the fourth quarter. Brighton Jones LLC now owns 111 shares of the company’s stock worth $356,000 after acquiring an additional 14 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of AutoZone by 186.8% during the first quarter. Farther Finance Advisors LLC now owns 195 shares of the company’s stock worth $744,000 after acquiring an additional 127 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of AutoZone by 2.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 141 shares of the company’s stock worth $538,000 after acquiring an additional 3 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of AutoZone by 14.1% during the first quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $770,000 after acquiring an additional 25 shares in the last quarter. Finally, Integrated Advisors Network LLC lifted its position in shares of AutoZone by 5.8% during the first quarter. Integrated Advisors Network LLC now owns 294 shares of the company’s stock worth $1,121,000 after acquiring an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Transactions at AutoZone

In other AutoZone news, VP John Scott Murphy sold 2,860 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $4,175.70, for a total transaction of $11,942,502.00. Following the sale, the vice president owned 1,244 shares in the company, valued at $5,194,570.80. This trade represents a 69.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $3,875.90, for a total value of $11,627,700.00. Following the sale, the vice president owned 2,925 shares in the company, valued at $11,337,007.50. The trade was a 50.63% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

AutoZone Stock Up 2.8%

NYSE AZO opened at $4,076.62 on Friday. The stock’s 50-day simple moving average is $4,149.74 and its two-hundred day simple moving average is $3,856.03. AutoZone, Inc. has a twelve month low of $2,980.10 and a twelve month high of $4,388.11. The company has a market capitalization of $68.41 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 1.87 and a beta of 0.40.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, September 23rd. The company reported $48.71 earnings per share for the quarter, missing analysts’ consensus estimates of $50.52 by ($1.81). AutoZone had a net margin of 13.19% and a negative return on equity of 60.49%. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.26 billion. During the same quarter in the previous year, the business earned $51.58 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

AutoZone announced that its board has authorized a share repurchase plan on Wednesday, October 8th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have issued reports on AZO shares. Citigroup dropped their target price on AutoZone from $4,900.00 to $4,775.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. BNP Paribas Exane increased their price objective on AutoZone from $4,155.00 to $4,811.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. TD Cowen increased their price objective on AutoZone from $4,300.00 to $4,900.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Guggenheim increased their price objective on AutoZone from $4,100.00 to $4,600.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Jefferies Financial Group increased their price objective on AutoZone from $4,255.00 to $4,750.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and a consensus target price of $4,544.68.

AutoZone Company Profile

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.