701 Shares in AutoZone, Inc. (NYSE:AZO) Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new position in AutoZone, Inc. (NYSE:AZO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 701 shares of the company’s stock, valued at approximately $2,208,000.

Several other large investors have also modified their holdings of AZO. Conning Inc. grew its holdings in shares of AutoZone by 4.3% in the second quarter. Conning Inc. now owns 98 shares of the company’s stock worth $290,000 after purchasing an additional 4 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in AutoZone by 14.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock worth $95,000 after acquiring an additional 4 shares in the last quarter. Brighton Jones LLC increased its position in shares of AutoZone by 4.1% during the second quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after acquiring an additional 4 shares during the period. Fidelis Capital Partners LLC raised its stake in shares of AutoZone by 2.6% during the second quarter. Fidelis Capital Partners LLC now owns 159 shares of the company’s stock valued at $490,000 after acquiring an additional 4 shares in the last quarter. Finally, Petredis Investment Advisors LLC boosted its holdings in shares of AutoZone by 0.6% in the third quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock valued at $2,237,000 after purchasing an additional 4 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Trading Up 0.9 %

NYSE AZO opened at $3,369.01 on Friday. The stock has a market cap of $56.95 billion, a P/E ratio of 22.51, a P/E/G ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,510.00 and a 12-month high of $3,416.71. The company has a fifty day simple moving average of $3,155.07 and a two-hundred day simple moving average of $3,065.08.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The firm had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $32.55 EPS. As a group, sell-side analysts forecast that AutoZone, Inc. will post 154.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on AZO shares. Morgan Stanley raised their price objective on AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Evercore ISI lifted their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday. Roth Mkm reiterated a “buy” rating and set a $3,634.00 target price on shares of AutoZone in a report on Wednesday, October 16th. Guggenheim boosted their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company increased their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3,360.47.

Insider Buying and Selling

In other AutoZone news, Chairman William C. Rhodes III sold 13,000 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This trade represents a 48.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. This trade represents a 56.47 % 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 over the last quarter. 2.10% of the stock is currently owned by company insiders.

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.