Tectonic Advisors LLC Purchases 63 Shares of AutoZone, Inc. (NYSE:AZO)

Tectonic Advisors LLC lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,860 shares of the company’s stock after purchasing an additional 63 shares during the period. Tectonic Advisors LLC’s holdings in AutoZone were worth $5,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AZO. Hennion & Walsh Asset Management Inc. lifted its stake in shares of AutoZone by 3.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 626 shares of the company’s stock valued at $1,972,000 after buying an additional 18 shares in the last quarter. Great Lakes Retirement Inc. grew its holdings in AutoZone by 10.1% in the 3rd quarter. Great Lakes Retirement Inc. now owns 413 shares of the company’s stock worth $1,301,000 after acquiring an additional 38 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of AutoZone by 354,692.5% during the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after purchasing an additional 993,139 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of AutoZone by 204.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 277 shares of the company’s stock valued at $873,000 after purchasing an additional 186 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC lifted its position in AutoZone by 5.0% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 106 shares of the company’s stock valued at $334,000 after acquiring an additional 5 shares during the period. 92.74% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP John Scott Murphy sold 1,580 shares of AutoZone stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the transaction, the vice president now directly owns 1,218 shares of the company’s stock, valued at $3,785,166.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP John Scott Murphy sold 1,580 shares of the company’s 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 completion of the transaction, the vice president now owns 1,218 shares of the company’s stock, valued at $3,785,166.42. 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 link. Also, Chairman William C. Rhodes III sold 13,000 shares of AutoZone stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Insiders sold 14,880 shares of company stock worth $46,225,660 over the last 90 days. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AZO shares. Roth Mkm reissued a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a report on Wednesday, October 16th. Truist Financial upped their price target on shares of AutoZone from $3,341.00 to $3,501.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Wedbush reissued an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a research note on Thursday, September 19th. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, UBS Group raised their price target on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and an average price target of $3,202.71.

AutoZone Trading Down 1.3 %

Shares of AZO stock opened at $3,156.46 on Friday. The firm’s 50 day moving average is $3,134.91 and its 200 day moving average is $3,009.12. The stock has a market capitalization of $53.92 billion, a P/E ratio of 21.83, a P/E/G ratio of 1.59 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 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 for the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter last year, the firm earned $46.46 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts predict that AutoZone, Inc. will post 157.99 earnings per share for the current year.

AutoZone 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.