156 Shares in AutoZone, Inc. $AZO Acquired by Pure Financial Advisors LLC

Key Points

• Pure Financial Advisors LLC purchased 156 shares of AutoZone, Inc. for approximately $580,000 during the second quarter, marking a new position in the company.
• AutoZone's recent quarterly earnings report showed an EPS of $48.71, missing analysts' expectations, with revenue slightly up year-over-year at $6.24 billion.
• Analysts have a consensus rating of "Moderate Buy" for AutoZone, with a target price averaging around $4,538.21 following multiple upgrades from various research firms.

Pure Financial Advisors LLC bought a new position in AutoZone, Inc. (NYSE:AZO - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 156 shares of the company's stock, valued at approximately $580,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaCore Capital LLC bought a new stake in shares of AutoZone in the 1st quarter worth approximately $27,000. Saudi Central Bank bought a new stake in shares of AutoZone in the 1st quarter worth approximately $27,000. Financial Network Wealth Advisors LLC raised its holdings in shares of AutoZone by 66.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 10 shares of the company's stock worth $38,000 after purchasing an additional 4 shares in the last quarter. Cornerstone Planning Group LLC bought a new stake in shares of AutoZone in the 1st quarter worth approximately $44,000. Finally, Clearstead Trust LLC bought a new stake in shares of AutoZone in the 1st quarter worth approximately $46,000. 92.74% of the stock is currently owned by institutional investors.

AutoZone Stock Performance

Shares of AZO opened at $4,219.73 on Friday. The company's 50 day moving average price is $4,126.05 and its 200 day moving average price is $3,840.81. AutoZone, Inc. has a 52 week low of $2,980.10 and a 52 week high of $4,388.11. The company has a market capitalization of $70.81 billion, a PE ratio of 29.13, a PEG ratio of 2.00 and a beta of 0.40.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, September 23rd. The company reported $48.71 EPS for the quarter, missing analysts' consensus estimates of $50.52 by ($1.81). AutoZone had a net margin of 13.19% and a negative return on equity of 60.49%. The company had revenue of $6.24 billion for the quarter, compared to analysts' expectations of $6.26 billion. During the same period in the previous year, the firm posted $51.58 earnings per share. The business's revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AZO. Mizuho lifted their target price on shares of AutoZone from $3,740.00 to $4,050.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. DA Davidson reissued a "buy" rating and issued a $4,850.00 target price on shares of AutoZone in a research report on Wednesday, September 24th. Cowen reissued a "buy" rating on shares of AutoZone in a research report on Thursday, September 18th. Citigroup dropped their target price on shares of AutoZone from $4,900.00 to $4,775.00 and set a "buy" rating on the stock in a research report on Wednesday, September 24th. Finally, Guggenheim lifted their target price on shares of AutoZone from $4,100.00 to $4,600.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $4,538.21.

Insider Buying and Selling

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

AutoZone Company Profile

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.

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