AutoZone, Inc. (NYSE:AZO) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its position in shares of AutoZone, Inc. (NYSE:AZO) by 592.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,210 shares of the company’s stock after acquiring an additional 7,879 shares during the period. Mizuho Securities USA LLC’s holdings in AutoZone were worth $29,012,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in shares of AutoZone by 16.6% during the third quarter. Empowered Funds LLC now owns 1,514 shares of the company’s stock valued at $4,769,000 after purchasing an additional 215 shares during the period. Empirical Finance LLC increased its stake in AutoZone by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 638 shares of the company’s stock valued at $2,010,000 after buying an additional 14 shares during the period. CIBC Asset Management Inc raised its position in shares of AutoZone by 7.2% during the 3rd quarter. CIBC Asset Management Inc now owns 2,497 shares of the company’s stock worth $7,866,000 after buying an additional 168 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of AutoZone by 2.1% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 490 shares of the company’s stock worth $1,544,000 after acquiring an additional 10 shares during the period. Finally, Bretton Capital Management LLC bought a new position in shares of AutoZone in the third quarter valued at approximately $6,300,000. 92.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the stock in a transaction that occurred on 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 in the company, valued at $3,785,166.42. This represents a 56.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman William C. Rhodes III sold 300 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the transaction, the chairman now owns 13,857 shares in the company, valued at approximately $42,613,046.40. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,880 shares of company stock valued at $46,225,660 in the last quarter. 2.10% of the stock is currently owned by insiders.

AutoZone Stock Down 0.9 %

NYSE:AZO opened at $3,107.53 on Friday. The company’s 50-day moving average price is $3,112.88 and its two-hundred day moving average price is $3,024.09. AutoZone, Inc. has a 12 month low of $2,510.00 and a 12 month high of $3,256.37. The firm has a market cap of $52.52 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). The firm had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $46.46 earnings per share. On average, research analysts expect that AutoZone, Inc. will post 158.09 EPS for the current fiscal year.

Analyst Ratings Changes

AZO has been the subject of a number of research analyst reports. Roth Mkm reissued a “buy” rating and issued a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. Citigroup cut their target price on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, DA Davidson restated a “neutral” rating and issued a $3,025.00 target price on shares of AutoZone in a report on Monday, September 30th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $3,202.71.

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.