VSM Wealth Advisory LLC Has $1.03 Million Stake in AutoZone, Inc. $AZO

VSM Wealth Advisory LLC lifted its holdings in AutoZone, Inc. (NYSE:AZO) by 3,916.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241 shares of the company’s stock after acquiring an additional 235 shares during the quarter. VSM Wealth Advisory LLC’s holdings in AutoZone were worth $1,034,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AZO. Raleigh Capital Management Inc. acquired a new stake in AutoZone during the 3rd quarter valued at $26,000. Global Trust Asset Management LLC raised its position in AutoZone by 600.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after purchasing an additional 6 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in AutoZone in the second quarter worth $33,000. Salomon & Ludwin LLC bought a new stake in shares of AutoZone during the third quarter worth $34,000. Finally, AlphaCore Capital LLC grew its holdings in shares of AutoZone by 42.9% during the second quarter. AlphaCore Capital LLC now owns 10 shares of the company’s stock worth $37,000 after purchasing an additional 3 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

Insider Transactions at AutoZone

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

AutoZone Stock Performance

AZO opened at $3,641.03 on Friday. The company has a fifty day moving average price of $3,621.83 and a two-hundred day moving average price of $3,819.24. The firm has a market capitalization of $60.33 billion, a PE ratio of 25.51, a P/E/G ratio of 1.86 and a beta of 0.41. AutoZone, Inc. has a 52 week low of $3,210.72 and a 52 week high of $4,388.11.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the business posted $28.29 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AZO. Oppenheimer cut their price target on AutoZone from $4,600.00 to $4,150.00 and set an “outperform” rating for the company in a report on Friday, January 9th. BNP Paribas Exane decreased their price objective on shares of AutoZone from $4,811.00 to $4,268.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. DA Davidson set a $4,300.00 price objective on shares of AutoZone in a research report on Thursday. TD Cowen reaffirmed a “buy” rating on shares of AutoZone in a research note on Monday, February 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $4,400.00 target price on shares of AutoZone in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,311.57.

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.