Farther Finance Advisors LLC Grows Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Farther Finance Advisors LLC lifted its position in shares of AutoZone, Inc. (NYSE:AZO) by 29.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75 shares of the company’s stock after buying an additional 17 shares during the quarter. Farther Finance Advisors LLC’s holdings in AutoZone were worth $236,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mather Group LLC. grew its holdings in AutoZone by 1.8% during the 2nd quarter. Mather Group LLC. now owns 224 shares of the company’s stock valued at $706,000 after purchasing an additional 4 shares during the last quarter. Conning Inc. increased its stake in AutoZone by 4.3% during the 2nd quarter. Conning Inc. now owns 98 shares of the company’s stock valued at $290,000 after purchasing an additional 4 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in AutoZone by 14.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock valued at $95,000 after purchasing an additional 4 shares in the last quarter. Brighton Jones LLC increased its stake in shares of AutoZone by 4.1% in 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. Finally, Fidelis Capital Partners LLC boosted its holdings in AutoZone by 2.6% during the second quarter. Fidelis Capital Partners LLC now owns 159 shares of the company’s stock worth $490,000 after buying an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Transactions at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 300 shares of the company’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 directly owns 13,857 shares of the company’s stock, valued at $42,613,046.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Chairman William C. Rhodes III sold 300 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was 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 directly owns 13,857 shares in the company, valued at $42,613,046.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John Scott Murphy sold 1,580 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,880 shares of company stock worth $46,225,660. 2.50% of the stock is owned by company insiders.

AutoZone Stock Down 1.3 %

AutoZone stock opened at $3,110.12 on Friday. The business’s 50-day simple moving average is $3,112.04 and its 200 day simple moving average is $3,017.76. The stock has a market cap of $52.56 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 1.62 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,510.00 and a 12-month high of $3,256.37.

AutoZone (NYSE:AZO) last released its quarterly 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 negative return on equity of 52.99% and a net margin of 14.40%. The business had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same period in the prior year, the business earned $46.46 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that AutoZone, Inc. will post 158.09 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on AZO shares. Wedbush reaffirmed an “outperform” rating and set a $3,200.00 price objective on shares of AutoZone in a report on Thursday, September 19th. The Goldman Sachs Group downgraded shares of AutoZone from a “buy” rating to a “sell” rating and reduced their price target for the company from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Roth Capital raised shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. Roth Mkm reiterated a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. Finally, BNP Paribas upgraded shares of AutoZone to a “strong-buy” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,202.71.

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.