AutoZone, Inc. (NYSE:AZO) Shares Acquired by Czech National Bank

Czech National Bank raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,479 shares of the company’s stock after acquiring an additional 182 shares during the period. Czech National Bank’s holdings in AutoZone were worth $10,959,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AZO. Rise Advisors LLC acquired a new stake in shares of AutoZone during the first quarter valued at about $32,000. Riverview Trust Co acquired a new stake in shares of AutoZone during the first quarter valued at about $41,000. Meeder Asset Management Inc. boosted its stake in shares of AutoZone by 50.0% in the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after purchasing an additional 5 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of AutoZone in the second quarter valued at approximately $50,000. Finally, ORG Partners LLC purchased a new position in shares of AutoZone in the second quarter valued at approximately $50,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Price Performance

Shares of NYSE:AZO traded down $33.34 during trading on Friday, hitting $3,033.58. 94,546 shares of the company were exchanged, compared to its average volume of 141,797. The stock has a market capitalization of $51.82 billion, a P/E ratio of 20.95, a PEG ratio of 1.43 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. The firm’s 50 day moving average price is $3,132.67 and its 200-day moving average price is $3,012.32.

AutoZone (NYSE:AZO) last announced its earnings results 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 net margin of 14.60% and a negative return on equity of 54.58%. The business had revenue of $6.21 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same period in the previous year, the company posted $46.46 earnings per share. AutoZone’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities research analysts anticipate that AutoZone, Inc. will post 151.08 EPS for the current year.

Insider Transactions at AutoZone

In other news, 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 transaction of $4,910,150.20. Following the transaction, the vice president now directly owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the subject of several recent research reports. 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. Citigroup lowered their price objective 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. 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. Morgan Stanley lifted their price target on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Redburn Atlantic upgraded shares of AutoZone to a “strong-buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $3,169.38.

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.