HB Wealth Management LLC Sells 330 Shares of AutoZone, Inc. $AZO

HB Wealth Management LLC decreased its position in AutoZone, Inc. (NYSE:AZO) by 23.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,083 shares of the company’s stock after selling 330 shares during the quarter. HB Wealth Management LLC’s holdings in AutoZone were worth $4,020,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC boosted its holdings in AutoZone by 2.2% in 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. Focus Financial Network Inc. lifted its holdings in shares of AutoZone by 2.9% during the first quarter. Focus Financial Network Inc. now owns 105 shares of the company’s stock valued at $400,000 after purchasing an additional 3 shares in the last quarter. Blue Trust Inc. boosted its position in shares of AutoZone by 3.5% during the first quarter. Blue Trust Inc. now owns 89 shares of the company’s stock valued at $339,000 after buying an additional 3 shares during the last quarter. Rappaport Reiches Capital Management LLC increased its holdings in AutoZone by 4.8% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 66 shares of the company’s stock worth $252,000 after buying an additional 3 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its holdings in AutoZone by 30.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 13 shares of the company’s stock worth $50,000 after buying an additional 3 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays lifted their price objective on AutoZone from $3,916.00 to $4,610.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Cowen reiterated a “buy” rating on shares of AutoZone in a report on Thursday, September 18th. Zacks Research downgraded AutoZone from a “hold” rating to a “strong sell” rating in a report on Friday, September 26th. UBS Group reduced their price objective on AutoZone from $4,925.00 to $4,800.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Finally, Jefferies Financial Group lifted their price objective on AutoZone from $4,255.00 to $4,750.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,538.21.

AutoZone Stock Down 1.1%

Shares of AZO opened at $4,244.71 on Thursday. The business has a 50-day simple moving average of $4,109.81 and a two-hundred day simple moving average of $3,832.21. The stock has a market cap of $71.23 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.03 and a beta of 0.40. AutoZone, Inc. has a 52 week low of $2,980.10 and a 52 week high of $4,388.11.

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

Insider Transactions at AutoZone

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

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.