Consolidated Planning Corp Purchases 46 Shares of AutoZone, Inc. $AZO

Consolidated Planning Corp lifted its position in shares of AutoZone, Inc. (NYSE:AZO) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,115 shares of the company’s stock after purchasing an additional 46 shares during the period. Consolidated Planning Corp’s holdings in AutoZone were worth $4,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in AZO. AlphaCore Capital LLC bought a new position in shares of AutoZone during the first quarter worth approximately $27,000. Saudi Central Bank bought a new position in shares of AutoZone during the first quarter worth approximately $27,000. Financial Network Wealth Advisors LLC increased its stake in shares of AutoZone by 66.7% during the first quarter. Financial Network Wealth Advisors LLC now owns 10 shares of the company’s stock worth $38,000 after purchasing an additional 4 shares during the period. Cornerstone Planning Group LLC bought a new position in shares of AutoZone during the first quarter worth approximately $44,000. Finally, Clearstead Trust LLC bought a new position in AutoZone during the 1st quarter worth $46,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of AZO stock opened at $4,244.71 on Thursday. The stock’s fifty day moving average price is $4,109.81 and its two-hundred day moving average price is $3,832.21. The company has a market cap of $71.23 billion, a PE ratio of 29.30, a P/E/G ratio of 2.03 and a beta of 0.40. AutoZone, Inc. has a fifty-two week low of $2,980.10 and a fifty-two week high of $4,388.11.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, September 23rd. The company reported $48.71 earnings per share for the quarter, missing analysts’ consensus estimates of $50.52 by ($1.81). The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.26 billion. AutoZone had a net margin of 13.19% and a negative return on equity of 60.49%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $51.58 EPS. On average, equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Buying and Selling at AutoZone

In related news, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total transaction of $11,627,700.00. Following the sale, the vice president owned 2,925 shares of the company’s stock, valued at $11,337,007.50. This trade represents a 50.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John Scott Murphy sold 2,860 shares of the firm’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $4,175.70, for a total value of $11,942,502.00. Following the sale, the vice president directly owned 1,244 shares in the company, valued at approximately $5,194,570.80. This trade represents a 69.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley raised their price objective on AutoZone from $4,000.00 to $4,700.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Raymond James Financial lowered their price objective on AutoZone from $4,900.00 to $4,800.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, September 24th. Barclays raised their price objective on AutoZone from $3,916.00 to $4,610.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Truist Financial lowered their price objective on AutoZone from $4,504.00 to $4,499.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Finally, Zacks Research lowered AutoZone from a “hold” rating to a “strong sell” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4,538.21.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.