475 Shares in AutoZone, Inc. $AZO Purchased by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd purchased a new position in shares of AutoZone, Inc. (NYSE:AZOFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 475 shares of the company’s stock, valued at approximately $1,518,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AZO. Benchmark Investment Advisors LLC bought a new stake in shares of AutoZone during the 2nd quarter worth about $713,000. Jupiter Asset Management Ltd. acquired a new position in AutoZone in the 4th quarter valued at about $1,808,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its holdings in AutoZone by 15.2% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,224 shares of the company’s stock valued at $48,241,000 after acquiring an additional 1,882 shares during the period. CIBC Asset Management Inc raised its holdings in AutoZone by 67.1% in the 4th quarter. CIBC Asset Management Inc now owns 3,941 shares of the company’s stock valued at $13,366,000 after acquiring an additional 1,582 shares during the period. Finally, BlackRock Inc. acquired a new stake in AutoZone during the second quarter worth approximately $3,938,566,000. Institutional investors own 92.74% of the company’s stock.

Analysts Set New Price Targets

AZO has been the subject of a number of research analyst reports. Evercore restated an “outperform” rating on shares of AutoZone in a report on Tuesday, May 26th. Raymond James Financial reiterated a “strong-buy” rating on shares of AutoZone in a research note on Wednesday, May 27th. BNP Paribas Exane dropped their price target on AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Truist Financial set a $3,700.00 price target on AutoZone in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. decreased their price objective on AutoZone from $4,300.00 to $3,850.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $4,029.43.

Read Our Latest Stock Report on AutoZone

AutoZone Stock Up 1.7%

NYSE AZO opened at $3,008.32 on Tuesday. The firm has a 50-day moving average price of $3,053.00 and a two-hundred day moving average price of $3,324.51. AutoZone, Inc. has a 12-month low of $2,902.20 and a 12-month high of $4,388.11. The company has a market capitalization of $49.13 billion, a P/E ratio of 20.68, a P/E/G ratio of 1.50 and a beta of 0.33.

AutoZone (NYSE:AZOGet Free Report) last announced its earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, topping the consensus estimate of $36.22 by $1.85. The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.86 billion. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $35.36 earnings per share. Equities analysts expect that AutoZone, Inc. will post 150.39 EPS for the current year.

AutoZone declared that its board has approved a stock repurchase plan on Tuesday, June 16th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at AutoZone

In related news, Director Brian Hannasch acquired 165 shares of the company’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $2,987.00 per share, with a total value of $492,855.00. Following the acquisition, the director directly owned 1,219 shares of the company’s stock, valued at approximately $3,641,153. The trade was a 15.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dennis W. Leriche sold 1,455 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $3,100.00, for a total value of $4,510,500.00. Following the sale, the vice president directly owned 441 shares in the company, valued at approximately $1,367,100. This trade represents a 76.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by insiders.

About AutoZone

(Free Report)

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.

See Also

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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