Quarry LP Buys 173 Shares of AutoZone, Inc. (NYSE:AZO)

Quarry LP increased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1,017.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 190 shares of the company’s stock after acquiring an additional 173 shares during the quarter. Quarry LP’s holdings in AutoZone were worth $599,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in shares of AutoZone by 186.8% during the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after purchasing an additional 60,483 shares during the last quarter. Peak Financial Advisors LLC bought a new stake in shares of AutoZone during the second quarter valued at approximately $2,816,000. Verde Capital Management bought a new stake in shares of AutoZone during the third quarter valued at approximately $1,137,000. Mizuho Securities USA LLC boosted its stake in AutoZone by 592.0% in the third quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock valued at $29,012,000 after acquiring an additional 7,879 shares during the last quarter. Finally, Swedbank AB boosted its stake in AutoZone by 5.6% in the second quarter. Swedbank AB now owns 16,524 shares of the company’s stock valued at $48,979,000 after acquiring an additional 869 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

Insider Buying and Selling at AutoZone

In other AutoZone 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 sale, the vice president now directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. The trade was a 56.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman William C. Rhodes III sold 300 shares of AutoZone stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the completion of the sale, the chairman now owns 13,857 shares in the company, valued at $42,613,046.40. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,880 shares of company stock worth $46,225,660. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

AZO has been the topic of a number of recent research reports. DA Davidson reaffirmed a “neutral” rating and issued a $3,025.00 price objective on shares of AutoZone in a research note on Monday, September 30th. Mizuho raised their price objective on shares of AutoZone from $3,280.00 to $3,350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. BNP Paribas raised shares of AutoZone to a “strong-buy” rating in a research note on Wednesday, September 25th. Wells Fargo & Company raised their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Evercore ISI raised their price objective on shares of AutoZone from $3,300.00 to $3,350.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3,216.44.

AutoZone Stock Up 0.0 %

Shares of NYSE:AZO opened at $3,189.98 on Thursday. AutoZone, Inc. has a 12 month low of $2,510.00 and a 12 month high of $3,256.37. The company’s fifty day simple moving average is $3,128.32 and its 200 day simple moving average is $3,042.17. The firm has a market cap of $53.91 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 1.61 and a beta of 0.71.

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