Insider Buying: AutoZone, Inc. (NYSE:AZO) VP Buys $99,255.60 in Stock

AutoZone, Inc. (NYSE:AZOGet Free Report) VP Jenna M. Bedsole acquired 36 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average cost of $2,757.10 per share, with a total value of $99,255.60. Following the completion of the acquisition, the vice president now owns 36 shares in the company, valued at $99,255.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

AutoZone Price Performance

Shares of NYSE AZO opened at $2,792.90 on Monday. The firm has a 50-day simple moving average of $3,009.41 and a two-hundred day simple moving average of $2,830.24. AutoZone, Inc. has a 1 year low of $2,277.88 and a 1 year high of $3,256.37. The company has a market cap of $48.37 billion, a P/E ratio of 19.67, a PEG ratio of 1.40 and a beta of 0.72.

AutoZone (NYSE:AZOGet Free Report) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 earnings per share for the quarter, beating analysts’ consensus estimates of $35.67 by $1.02. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.29 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $34.12 EPS. As a group, equities research analysts expect that AutoZone, Inc. will post 151.75 EPS for the current year.

Hedge Funds Weigh In On AutoZone

Hedge funds and other institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in shares of AutoZone by 471.4% during the 3rd quarter. Larson Financial Group LLC now owns 40 shares of the company’s stock worth $102,000 after purchasing an additional 33 shares during the last quarter. ORG Partners LLC acquired a new stake in AutoZone during the 3rd quarter worth about $43,000. Nomura Asset Management Co. Ltd. boosted its position in AutoZone by 17.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 7,329 shares of the company’s stock valued at $18,616,000 after buying an additional 1,066 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of AutoZone by 6.4% in the 3rd quarter. Signaturefd LLC now owns 413 shares of the company’s stock valued at $1,049,000 after acquiring an additional 25 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in AutoZone in the third quarter valued at $888,000. Institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AZO shares. DA Davidson boosted their price target on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Evercore ISI decreased their target price on AutoZone from $3,300.00 to $3,250.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 22nd. Morgan Stanley cut their price target on AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating for the company in a report on Wednesday, May 22nd. Barclays decreased their price objective on AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Mizuho cut their target price on shares of AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,066.53.

Read Our Latest Stock Report on AutoZone

About AutoZone

(Get 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.

Featured Stories

Insider Buying and Selling by Quarter for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.