230 AutoZone, Inc. $AZO Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC reduced its stake in AutoZone, Inc. (NYSE:AZO) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,039 shares of the company’s stock after selling 230 shares during the period. Trillium Asset Management LLC’s holdings in AutoZone were worth $17,100,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its position in shares of AutoZone by 42,984.5% during the third quarter. Assenagon Asset Management S.A. now owns 10,537,614 shares of the company’s stock valued at $29,821,658,000 after acquiring an additional 10,513,156 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of AutoZone in the 2nd quarter valued at approximately $3,938,566,000. Sound Income Strategies LLC lifted its holdings in shares of AutoZone by 646,568.6% in the 3rd quarter. Sound Income Strategies LLC now owns 659,602 shares of the company’s stock worth $1,866,687,000 after acquiring an additional 659,500 shares during the last quarter. Howard Capital Management LLC lifted its holdings in shares of AutoZone by 79,236.8% in the 3rd quarter. Howard Capital Management LLC now owns 385,577 shares of the company’s stock worth $1,091,191,000 after acquiring an additional 385,091 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of AutoZone by 247,417.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 249,993 shares of the company’s stock worth $798,963,000 after acquiring an additional 249,892 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling

In other AutoZone news, CFO Jamere Jackson sold 6,900 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $3,319.71, for a total transaction of $22,905,999.00. Following the sale, the chief financial officer owned 496 shares in the company, valued at $1,646,576.16. This represents a 93.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group set a $3,850.00 target price on shares of AutoZone in a report on Wednesday, September 23rd. Robert W. Baird cut their target price on AutoZone from $3,600.00 to $3,400.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 23rd. Guggenheim decreased their price target on AutoZone from $4,000.00 to $3,750.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Roth Capital lowered their price target on AutoZone from $4,023.00 to $3,850.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Finally, Mizuho lowered their price target on AutoZone from $3,200.00 to $3,000.00 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and a consensus target price of $3,674.36.

AutoZone Stock Performance

Shares of NYSE:AZO traded up $11.59 during trading on Friday, hitting $3,263.78. The company’s stock had a trading volume of 144,161 shares, compared to its average volume of 165,425. The business has a 50 day moving average price of $3,020.64 and a two-hundred day moving average price of $3,243.07. The company has a market capitalization of $52.51 billion, a PE ratio of 21.36, a P/E/G ratio of 1.67 and a beta of 0.37. AutoZone, Inc. has a fifty-two week low of $2,730.65 and a fifty-two week high of $3,996.25.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $55.51. The business had revenue of $6.59 billion for the quarter, compared to analysts’ expectations of $6.70 billion. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $48.71 earnings per share. As a group, equities analysts expect that AutoZone, Inc. will post 170.30 earnings per share for the current fiscal year.

About AutoZone

AutoZone is a retailer and distributor of automotive replacement parts and accessories, serving do-it-yourself customers as well as professional repair shops. Its products include new and remanufactured parts, maintenance supplies, and accessories for cars, sport utility vehicles, and light trucks. The company also offers services such as battery testing and tool-loan programs at many stores. Founded in 1979 and headquartered in Memphis, Tennessee, the company operates stores in the United States, Mexico, and Brazil.