AutoZone, Inc. $AZO Shares Sold by Threadgill Financial LLC

Threadgill Financial LLC lowered its holdings in AutoZone, Inc. (NYSE:AZO) by 6.1% during the first quarter, Holdings Channel.com reports. The firm owned 5,410 shares of the company’s stock after selling 351 shares during the period. AutoZone makes up 5.3% of Threadgill Financial LLC’s holdings, making the stock its 8th biggest holding. Threadgill Financial LLC’s holdings in AutoZone were worth $18,274,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Turning Point Benefit Group Inc. acquired a new stake in shares of AutoZone during the 3rd quarter worth about $25,000. Torren Management LLC purchased a new position in AutoZone during the fourth quarter worth about $27,000. Transamerica Financial Advisors LLC boosted its stake in AutoZone by 100.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 8 shares of the company’s stock worth $28,000 after buying an additional 4 shares during the period. MCF Advisors LLC increased its position in shares of AutoZone by 50.0% during the fourth quarter. MCF Advisors LLC now owns 9 shares of the company’s stock valued at $31,000 after acquiring an additional 3 shares during the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of AutoZone during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of AZO stock opened at $3,059.55 on Friday. AutoZone, Inc. has a fifty-two week low of $2,928.11 and a fifty-two week high of $4,388.11. The company has a 50 day moving average price of $3,296.67 and a 200 day moving average price of $3,458.93. The stock has a market capitalization of $49.96 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.57 and a beta of 0.35.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, beating the consensus estimate of $36.22 by $1.85. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the company posted $35.36 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, research analysts forecast that AutoZone, Inc. will post 150.51 EPS for the current fiscal year.

AutoZone declared that its Board of Directors has approved a share repurchase program on Tuesday, June 16th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to buy up to 3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

AZO has been the topic of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. UBS Group set a $4,800.00 target price on AutoZone in a research report on Tuesday, March 3rd. Guggenheim decreased their price target on AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Argus upgraded AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 price target for the company in a research report on Monday, March 9th. Finally, DA Davidson dropped their price objective on AutoZone from $4,300.00 to $3,750.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4,040.87.

Insider Activity

In other news, Director Brian Hannasch bought 165 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of $2,987.00 per share, for a total transaction of $492,855.00. Following the completion of the purchase, the director owned 1,219 shares of the company’s stock, valued at approximately $3,641,153. This represents a 15.65% 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, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the completion of the transaction, the director owned 4,837 shares of the company’s stock, valued at $16,826,568.64. This represents a 1.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by corporate insiders.

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.