First Financial Corp IN boosted its stake in AutoZone, Inc. (NYSE:AZO – Free Report) by 3,033.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 188 shares of the company’s stock after buying an additional 182 shares during the quarter. First Financial Corp IN’s holdings in AutoZone were worth $532,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. IVC Wealth Advisors LLC raised its holdings in shares of AutoZone by 2.9% in the first quarter. IVC Wealth Advisors LLC now owns 107 shares of the company’s stock valued at $361,000 after purchasing an additional 3 shares during the last quarter. Pure Financial Advisors LLC increased its stake in AutoZone by 2.4% in the 4th quarter. Pure Financial Advisors LLC now owns 127 shares of the company’s stock valued at $430,000 after buying an additional 3 shares during the last quarter. Petredis Investment Advisors LLC lifted its position in shares of AutoZone by 0.4% during the 1st quarter. Petredis Investment Advisors LLC now owns 762 shares of the company’s stock worth $2,574,000 after buying an additional 3 shares in the last quarter. KFG Wealth Management LLC lifted its position in shares of AutoZone by 2.2% during the 1st quarter. KFG Wealth Management LLC now owns 142 shares of the company’s stock worth $480,000 after buying an additional 3 shares in the last quarter. Finally, Crown Wealth Group LLC boosted its stake in shares of AutoZone by 3.7% in the 1st quarter. Crown Wealth Group LLC now owns 84 shares of the company’s stock worth $284,000 after buying an additional 3 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other AutoZone news, VP Dennis 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 transaction of $4,510,500.00. Following the completion of the transaction, the vice president directly owned 441 shares of the company’s stock, valued at approximately $1,367,100. This represents a 76.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on AutoZone
AutoZone Stock Performance
AZO traded down $7.05 during midday trading on Tuesday, reaching $2,891.80. The company had a trading volume of 159,097 shares, compared to its average volume of 263,313. The stock has a market cap of $47.22 billion, a PE ratio of 18.93, a P/E/G ratio of 1.37 and a beta of 0.40. AutoZone, Inc. has a 12-month low of $2,730.65 and a 12-month high of $4,113.44. The business has a 50-day moving average price of $2,940.79 and a two-hundred day moving average price of $3,136.94.
AutoZone (NYSE:AZO – Get Free Report) last issued its quarterly earnings results on Tuesday, September 22nd. The company reported $56.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $55.51. The company had revenue of $6.59 billion during the quarter, compared to analyst estimates of $6.70 billion. AutoZone had a net margin of 12.65% and a negative return on equity of 90.08%. AutoZone’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $48.71 EPS. On average, research analysts anticipate that AutoZone, Inc. will post 171.50 earnings per share for the current year.
AutoZone declared that its board has authorized a stock repurchase program on Tuesday, June 16th that permits the company to repurchase $1.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
About AutoZone
AutoZone, Inc is a specialty retailer of automotive replacement parts, accessories and maintenance products. The company serves do-it-yourself customers as well as professional automotive repair shops, offering products such as batteries, brakes, filters, engine components, tools, fluids and other vehicle parts.
In addition to its retail stores, AutoZone provides commercial sales and delivery services for professional repair businesses. The company also operates ALLDATA, which offers automotive diagnostic, repair and shop-management software and information services to repair professionals.
Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional stores and operations in Mexico and Brazil.
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