AutoZone, Inc. (NYSE:AZO) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,112 shares of the company’s stock after selling 81 shares during the period. Romano Brothers AND Company’s holdings in AutoZone were worth $5,266,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AZO. Western Financial Corp CA increased its stake in AutoZone by 0.7% in the 1st quarter. Western Financial Corp CA now owns 580 shares of the company’s stock valued at $1,426,000 after buying an additional 4 shares during the period. Eudaimonia Partners LLC increased its stake in shares of AutoZone by 1.2% during the 1st quarter. Eudaimonia Partners LLC now owns 338 shares of the company’s stock worth $831,000 after purchasing an additional 4 shares during the last quarter. Ellevest Inc. increased its stake in shares of AutoZone by 7.4% during the 1st quarter. Ellevest Inc. now owns 58 shares of the company’s stock worth $143,000 after purchasing an additional 4 shares during the last quarter. Coastal Investment Advisors Inc. increased its stake in shares of AutoZone by 1.2% during the 1st quarter. Coastal Investment Advisors Inc. now owns 340 shares of the company’s stock worth $836,000 after purchasing an additional 4 shares during the last quarter. Finally, Gateway Advisory LLC increased its stake in shares of AutoZone by 1.9% during the 1st quarter. Gateway Advisory LLC now owns 218 shares of the company’s stock worth $536,000 after purchasing an additional 4 shares during the last quarter. 90.34% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Stock Performance

Shares of NYSE:AZO traded down $38.65 during midday trading on Tuesday, reaching $2,483.45. 135,880 shares of the company’s stock were exchanged, compared to its average volume of 159,828. The company’s 50 day simple moving average is $2,505.11 and its two-hundred day simple moving average is $2,510.10. The firm has a market capitalization of $45.10 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.41 and a beta of 0.66. AutoZone, Inc. has a 12 month low of $2,050.21 and a 12 month high of $2,750.00.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, September 19th. The company reported $46.46 EPS for the quarter, topping analysts’ consensus estimates of $44.69 by $1.77. AutoZone had a net margin of 14.45% and a negative return on equity of 62.38%. The company had revenue of $5.69 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period last year, the firm earned $40.51 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that AutoZone, Inc. will post 130.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AZO has been the topic of several analyst reports. DA Davidson dropped their price target on shares of AutoZone from $2,425.00 to $2,340.00 in a research note on Wednesday, May 24th. Citigroup dropped their price target on shares of AutoZone from $3,125.00 to $3,020.00 in a research note on Tuesday, May 30th. 92 Resources reiterated a “reiterates” rating on shares of AutoZone in a research note on Tuesday, June 27th. Evercore ISI raised their target price on shares of AutoZone from $2,640.00 to $2,670.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Finally, Northcoast Research started coverage on shares of AutoZone in a research note on Wednesday, June 28th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,714.42.

Insider Activity at AutoZone

In related news, VP Albert Saltiel sold 2,245 shares of AutoZone stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $2,500.00, for a total transaction of $5,612,500.00. Following the completion of the transaction, the vice president now directly owns 535 shares of the company’s stock, valued at approximately $1,337,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other AutoZone news, VP Charles Pleas III sold 4,200 shares of the firm’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $2,546.55, for a total value of $10,695,510.00. Following the completion of the sale, the vice president now owns 3,425 shares in the company, valued at approximately $8,721,933.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Albert Saltiel sold 2,245 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $2,500.00, for a total transaction of $5,612,500.00. Following the completion of the sale, the vice president now owns 535 shares of the company’s stock, valued at approximately $1,337,500. The disclosure for this sale can be found here. 2.59% of the stock is currently owned by insiders.

AutoZone Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs.