Callan Family Office LLC Has $3.96 Million Stock Holdings in AutoZone, Inc. $AZO

Callan Family Office LLC trimmed its position in AutoZone, Inc. (NYSE:AZO) by 27.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 923 shares of the company’s stock after selling 349 shares during the quarter. Callan Family Office LLC’s holdings in AutoZone were worth $3,960,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aspect Partners LLC grew its position in shares of AutoZone by 700.0% during the 2nd quarter. Aspect Partners LLC now owns 8 shares of the company’s stock worth $30,000 after buying an additional 7 shares during the period. Global Trust Asset Management LLC lifted its holdings in AutoZone by 600.0% in the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after buying an additional 6 shares during the period. Bank of Jackson Hole Trust acquired a new position in AutoZone in the second quarter valued at approximately $33,000. NewSquare Capital LLC boosted its stake in AutoZone by 50.0% in the second quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock valued at $33,000 after acquiring an additional 3 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in AutoZone during the 2nd quarter worth $33,000. 92.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AZO. DA Davidson cut their price target on AutoZone from $4,850.00 to $4,500.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Raymond James Financial dropped their price objective on AutoZone from $4,800.00 to $4,600.00 and set a “strong-buy” rating for the company in a report on Wednesday, December 10th. BMO Capital Markets cut their target price on AutoZone from $4,600.00 to $4,400.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. Zacks Research upgraded AutoZone from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Robert W. Baird raised AutoZone to a “strong-buy” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $4,285.00.

Insider Activity at AutoZone

In other AutoZone news, Director Michael A. George bought 145 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was acquired at an average price of $3,398.13 per share, with a total value of $492,728.85. Following the completion of the transaction, the director owned 566 shares in the company, valued at approximately $1,923,341.58. This trade represents a 34.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Richard Craig Smith sold 5,910 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $3,700.00, for a total value of $21,867,000.00. Following the completion of the transaction, the vice president owned 2,627 shares of the company’s stock, valued at $9,719,900. The trade was a 69.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders purchased 347 shares of company stock worth $1,179,256 and sold 9,447 shares worth $34,179,923. Insiders own 2.60% of the company’s stock.

AutoZone Price Performance

NYSE:AZO opened at $3,673.30 on Wednesday. The business’s 50-day simple moving average is $3,568.66 and its 200-day simple moving average is $3,850.95. AutoZone, Inc. has a fifty-two week low of $3,210.72 and a fifty-two week high of $4,388.11. The stock has a market capitalization of $60.87 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.77 and a beta of 0.41.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $31.04 EPS for the quarter, missing the consensus estimate of $32.69 by ($1.65). The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.64 billion. AutoZone had a net margin of 12.78% and a negative return on equity of 65.38%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $32.52 earnings per share. On average, research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

AutoZone declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 8th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

AutoZone Company Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.