BDF Gestion Sells 90 Shares of AutoZone, Inc. $AZO

Key Points

• BDF Gestion decreased its stake in AutoZone, Inc. by 9.9% by selling 90 shares, bringing their total to 817 shares valued at approximately $3,033,000.
• Several other institutional investors, such as Forum Financial Management and Wealthcare Advisory Partners, also increased their positions in AutoZone, with 92.74% of the stock owned by institutional investors.
• Barclays and Wells Fargo both raised their price targets on AutoZone stock, with Barclays setting a target of $4,610 and Wells Fargo adjusting theirs to $4,800, reflecting strong growth expectations.

BDF Gestion trimmed its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 817 shares of the company's stock after selling 90 shares during the quarter. BDF Gestion's holdings in AutoZone were worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AZO. Forum Financial Management LP boosted its stake in shares of AutoZone by 2.2% in the 4th quarter. Forum Financial Management LP now owns 138 shares of the company's stock worth $443,000 after buying an additional 3 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in AutoZone by 2.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 141 shares of the company's stock worth $538,000 after purchasing an additional 3 shares during the last quarter. Focus Financial Network Inc. increased its position in shares of AutoZone by 2.9% during the 1st quarter. Focus Financial Network Inc. now owns 105 shares of the company's stock valued at $400,000 after purchasing an additional 3 shares during the last quarter. Blue Trust Inc. increased its position in shares of AutoZone by 3.5% during the 1st quarter. Blue Trust Inc. now owns 89 shares of the company's stock valued at $339,000 after purchasing an additional 3 shares during the last quarter. Finally, Rappaport Reiches Capital Management LLC raised its stake in shares of AutoZone by 4.8% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 66 shares of the company's stock worth $252,000 after purchasing an additional 3 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AutoZone

In other news, VP Richard Craig Smith sold 3,000 shares of the company's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $3,875.90, for a total value of $11,627,700.00. Following the transaction, the vice president owned 2,925 shares of the company's stock, valued at approximately $11,337,007.50. This represents a 50.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

AutoZone Stock Down 0.0%

AZO stock opened at $4,132.72 on Friday. The stock has a 50-day simple moving average of $4,034.29 and a two-hundred day simple moving average of $3,798.61. AutoZone, Inc. has a twelve month low of $2,898.57 and a twelve month high of $4,388.11. The firm has a market capitalization of $69.35 billion, a PE ratio of 27.97, a PEG ratio of 2.18 and a beta of 0.41.

Wall Street Analysts Forecast Growth

AZO has been the subject of several research reports. Barclays increased their price target on shares of AutoZone from $3,916.00 to $4,610.00 and gave the company an "overweight" rating in a research report on Thursday, September 11th. Cowen reissued a "buy" rating on shares of AutoZone in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of AutoZone from $4,200.00 to $4,800.00 and gave the stock an "overweight" rating in a report on Monday, September 15th. Mizuho upped their price objective on AutoZone from $3,740.00 to $4,050.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Finally, The Goldman Sachs Group set a $3,811.00 target price on AutoZone in a research report on Friday, May 23rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $4,399.18.

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.

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