Burgundy Asset Management Ltd. Sells 628 Shares of AutoZone, Inc. (NYSE:AZO)

Burgundy Asset Management Ltd. decreased its stake in AutoZone, Inc. (NYSE:AZOFree Report) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,804 shares of the company’s stock after selling 628 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 0.12% of AutoZone worth $55,382,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in AutoZone in the third quarter worth $25,000. First Capital Advisors Group LLC. acquired a new position in AutoZone in the second quarter worth $32,000. Mascoma Wealth Management LLC acquired a new position in AutoZone in the third quarter worth $38,000. MUFG Americas Holdings Corp boosted its stake in AutoZone by 166.7% in the third quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock worth $34,000 after purchasing an additional 10 shares in the last quarter. Finally, ORG Partners LLC acquired a new position in AutoZone in the third quarter worth $43,000. Institutional investors and hedge funds own 90.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on AutoZone from $2,742.00 to $2,800.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 6th. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Wedbush reaffirmed an “outperform” rating and set a $2,750.00 price objective on shares of AutoZone in a research report on Wednesday, November 29th. William Blair reaffirmed an “outperform” rating on shares of AutoZone in a research report on Wednesday, December 13th. Finally, Stephens increased their price target on AutoZone from $3,000.00 to $3,070.00 and gave the company an “overweight” rating in a research report on Wednesday, December 6th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,858.35.

View Our Latest Stock Report on AZO

Insider Activity

In other news, COO Thomas B. Newbern sold 7,800 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $2,551.62, for a total value of $19,902,636.00. Following the transaction, the chief operating officer now directly owns 2,519 shares of the company’s stock, valued at approximately $6,427,530.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Thomas B. Newbern sold 7,800 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $2,551.62, for a total transaction of $19,902,636.00. Following the transaction, the chief operating officer now directly owns 2,519 shares of the company’s stock, valued at approximately $6,427,530.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP K. Michelle Borninkhof sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $2,685.00, for a total value of $2,685,000.00. Following the transaction, the senior vice president now directly owns 521 shares in the company, valued at $1,398,885. The disclosure for this sale can be found here. Insiders have sold 14,807 shares of company stock valued at $38,827,861 in the last ninety days. 2.50% of the stock is owned by company insiders.

AutoZone Stock Up 0.2 %

Shares of NYSE AZO traded up $6.05 during trading on Monday, reaching $2,686.05. The company had a trading volume of 38,690 shares, compared to its average volume of 157,887. The company’s fifty day moving average price is $2,665.09 and its 200-day moving average price is $2,586.85. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $2,855.21. The stock has a market cap of $46.44 billion, a P/E ratio of 19.45, a PEG ratio of 1.39 and a beta of 0.70.

AutoZone (NYSE:AZOGet Free Report) last released its quarterly earnings results on Tuesday, December 5th. The company reported $32.55 EPS for the quarter, beating analysts’ consensus estimates of $31.57 by $0.98. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.19 billion. AutoZone had a negative return on equity of 57.23% and a net margin of 14.62%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $27.45 EPS. As a group, equities analysts predict that AutoZone, Inc. will post 150.5 earnings per share for the current year.

AutoZone Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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