Atria Investments Inc Sells 339 Shares of AutoZone, Inc. $AZO

Atria Investments Inc lowered its holdings in AutoZone, Inc. (NYSE:AZO) by 15.5% in the third quarter, HoldingsChannel.com reports. The firm owned 1,849 shares of the company’s stock after selling 339 shares during the quarter. Atria Investments Inc’s holdings in AutoZone were worth $7,933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Pittenger & Anderson Inc. raised its position in shares of AutoZone by 4.3% in the 2nd quarter. Pittenger & Anderson Inc. now owns 72 shares of the company’s stock valued at $267,000 after buying an additional 3 shares in the last quarter. Harbour Investments Inc. increased its position in AutoZone by 27.3% in the 2nd quarter. Harbour Investments Inc. now owns 14 shares of the company’s stock valued at $52,000 after acquiring an additional 3 shares during the period. May Hill Capital LLC raised its stake in shares of AutoZone by 5.5% during the second quarter. May Hill Capital LLC now owns 58 shares of the company’s stock valued at $215,000 after acquiring an additional 3 shares during the last quarter. NewSquare Capital LLC raised its holdings in AutoZone by 50.0% during the 2nd quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock worth $33,000 after purchasing an additional 3 shares during the last quarter. Finally, Westpac Banking Corp raised its position in shares of AutoZone by 2.6% in the 2nd quarter. Westpac Banking Corp now owns 118 shares of the company’s stock worth $438,000 after acquiring an additional 3 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

Insider Buying and Selling

In other AutoZone news, Director George R. Mrkonic, Jr. sold 97 shares of AutoZone stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $3,341.99, for a total value of $324,173.03. Following the completion of the sale, the director owned 3,564 shares of the company’s stock, valued at approximately $11,910,852.36. The trade was a 2.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Richard Craig Smith sold 5,910 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $3,700.00, for a total transaction of $21,867,000.00. Following the completion of the transaction, the vice president directly owned 2,627 shares in the company, valued at approximately $9,719,900. The trade was a 69.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 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

Shares of NYSE:AZO opened at $3,850.57 on Friday. AutoZone, Inc. has a 1 year low of $3,210.72 and a 1 year high of $4,388.11. The stock’s 50-day moving average is $3,538.96 and its 200 day moving average is $3,845.70. The company has a market cap of $63.80 billion, a PE ratio of 26.85, a P/E/G ratio of 1.80 and a beta of 0.41.

AutoZone (NYSE:AZO) last announced 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). AutoZone had a net margin of 12.78% and a negative return on equity of 65.38%. The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the prior year, the business posted $32.52 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Evercore restated an “outperform” rating and set a $4,100.00 price objective on shares of AutoZone in a report on Wednesday, December 10th. Barclays set a $3,880.00 target price on shares of AutoZone in a research note on Thursday, January 8th. Truist Financial lowered their price objective on AutoZone from $4,499.00 to $4,076.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. JPMorgan Chase & Co. dropped their price objective on shares of AutoZone from $4,850.00 to $4,100.00 and set an “overweight” rating on the stock in a report on Thursday, December 18th. Finally, Erste Group Bank cut AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and a consensus target price of $4,271.25.

AutoZone 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.