AutoZone, Inc. $AZO Holdings Lowered by Trillium Asset Management LLC

Trillium Asset Management LLC trimmed its position in shares of AutoZone, Inc. (NYSE:AZO) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,039 shares of the company’s stock after selling 230 shares during the quarter. Trillium Asset Management LLC’s holdings in AutoZone were worth $17,100,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. acquired a new stake in AutoZone during the 2nd quarter worth $29,000. Burkett Financial Services LLC acquired a new stake in shares of AutoZone in the third quarter valued at about $31,000. Heritage Family Offices LLP acquired a new stake in shares of AutoZone in the third quarter valued at about $31,000. Tacita Capital Inc purchased a new position in shares of AutoZone in the second quarter worth about $32,000. Finally, Asset Dedication LLC lifted its stake in shares of AutoZone by 150.0% in the first quarter. Asset Dedication LLC now owns 10 shares of the company’s stock worth $34,000 after buying an additional 6 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AZO has been the topic of a number of recent research reports. Raymond James Financial lowered their price target on shares of AutoZone from $4,000.00 to $3,700.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, September 23rd. Robert W. Baird cut their price objective on shares of AutoZone from $3,600.00 to $3,400.00 and set a “neutral” rating for the company in a report on Wednesday, September 23rd. Barclays decreased their target price on shares of AutoZone from $3,637.00 to $3,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 23rd. Sanford C. Bernstein assumed coverage on AutoZone in a report on Tuesday, September 29th. They set an “outperform” rating and a $3,698.00 target price on the stock. Finally, Guggenheim lowered their target price on AutoZone from $4,000.00 to $3,750.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3,674.36.

Insider Activity

In other news, CFO Jamere Jackson sold 6,900 shares of AutoZone stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $3,319.71, for a total transaction of $22,905,999.00. Following the sale, the chief financial officer owned 496 shares of the company’s stock, valued at approximately $1,646,576.16. The trade was a 93.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

AutoZone Price Performance

Shares of AZO traded up $11.59 during mid-day trading on Friday, reaching $3,263.78. The stock had a trading volume of 144,161 shares, compared to its average volume of 165,425. AutoZone, Inc. has a 52-week low of $2,730.65 and a 52-week high of $3,996.25. The firm has a market cap of $52.51 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.67 and a beta of 0.37. The business’s fifty day moving average is $3,020.64 and its 200 day moving average is $3,243.07.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, September 22nd. The company reported $56.05 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. The company had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $6.70 billion. AutoZone had a net margin of 12.65% and a negative return on equity of 90.08%. AutoZone’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $48.71 earnings per share. As a group, sell-side analysts anticipate that AutoZone, Inc. will post 170.30 EPS for the current fiscal year.

AutoZone Company Profile

AutoZone is a retailer and distributor of automotive replacement parts and accessories, serving do-it-yourself customers as well as professional repair shops. Its products include new and remanufactured parts, maintenance supplies, and accessories for cars, sport utility vehicles, and light trucks. The company also offers services such as battery testing and tool-loan programs at many stores. Founded in 1979 and headquartered in Memphis, Tennessee, the company operates stores in the United States, Mexico, and Brazil.