AutoZone, Inc. (NYSE:AZO) Shares Sold by AlphaMark Advisors LLC

AlphaMark Advisors LLC lessened its stake in AutoZone, Inc. (NYSE:AZO) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 215 shares of the company’s stock after selling 8 shares during the period. AlphaMark Advisors LLC’s holdings in AutoZone were worth $637,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new stake in shares of AutoZone in the 1st quarter valued at about $32,000. Riverview Trust Co bought a new position in AutoZone during the 1st quarter worth approximately $41,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of AutoZone in the 2nd quarter worth approximately $50,000. ORG Partners LLC acquired a new position in shares of AutoZone in the 2nd quarter worth approximately $50,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of AutoZone in the 4th quarter valued at approximately $54,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Jenna M. Bedsole bought 36 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of $2,757.10 per share, with a total value of $99,255.60. Following the completion of the acquisition, the vice president now directly owns 36 shares in the company, valued at $99,255.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on AZO shares. Wolfe Research decreased their price objective on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating for the company in a report on Wednesday, May 22nd. Oppenheimer reiterated a “market perform” rating and set a $2,600.00 price objective on shares of AutoZone in a research note on Wednesday, June 26th. Truist Financial decreased their target price on AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. UBS Group dropped their price target on AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Finally, Evercore ISI reduced their price objective on AutoZone from $3,278.00 to $3,275.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $3,112.71.

AutoZone Stock Performance

Shares of AZO stock traded down $24.05 during midday trading on Thursday, reaching $3,172.37. 109,517 shares of the company were exchanged, compared to its average volume of 145,940. The company’s 50 day moving average price is $2,974.29 and its two-hundred day moving average price is $2,951.82. The company has a market cap of $54.19 billion, a P/E ratio of 21.94, a PEG ratio of 1.58 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,375.35 and a 12 month high of $3,256.37.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, May 21st. The company reported $36.69 EPS for the quarter, topping the consensus estimate of $35.67 by $1.02. The firm had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.29 billion. AutoZone had a negative return on equity of 54.58% and a net margin of 14.60%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $34.12 earnings per share. As a group, sell-side analysts predict that AutoZone, Inc. will post 151.37 earnings per share for the current year.

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.