Aurdan Capital Management LLC Has $1.78 Million Stock Position in AutoZone, Inc. $AZO

Aurdan Capital Management LLC reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 38.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414 shares of the company’s stock after selling 262 shares during the quarter. Aurdan Capital Management LLC’s holdings in AutoZone were worth $1,776,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AZO. Vanguard Group Inc. boosted its holdings in shares of AutoZone by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,771,004 shares of the company’s stock worth $6,574,374,000 after buying an additional 11,142 shares during the last quarter. Laurel Wealth Advisors LLC increased its holdings in AutoZone by 371,123.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 935,482 shares of the company’s stock worth $3,472,724,000 after acquiring an additional 935,230 shares during the last quarter. State Street Corp increased its holdings in AutoZone by 1.6% in the 2nd quarter. State Street Corp now owns 714,091 shares of the company’s stock worth $2,650,870,000 after acquiring an additional 11,088 shares during the last quarter. Geode Capital Management LLC raised its stake in AutoZone by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 444,671 shares of the company’s stock valued at $1,649,228,000 after acquiring an additional 8,187 shares during the period. Finally, Norges Bank purchased a new stake in AutoZone during the second quarter valued at about $981,202,000. 92.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of AutoZone from $4,600.00 to $4,400.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Mizuho reiterated a “neutral” rating and issued a $3,550.00 price objective (down from $3,850.00) on shares of AutoZone in a research note on Monday, January 5th. Evercore ISI reissued an “outperform” rating and set a $4,100.00 target price on shares of AutoZone in a report on Wednesday, December 10th. Robert W. Baird raised AutoZone to a “strong-buy” rating in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. reduced their price target on AutoZone from $4,850.00 to $4,100.00 and set an “overweight” rating for the company in a research report on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4,296.25.

Insiders Place Their Bets

In related news, Director Michael A. George acquired 145 shares of the stock in a transaction dated Monday, December 22nd. The shares were purchased at an average price of $3,398.13 per share, for a total transaction of $492,728.85. Following the transaction, the director owned 566 shares in the company, valued at $1,923,341.58. This represents a 34.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George R. Mrkonic, Jr. sold 97 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $3,341.99, for a total value of $324,173.03. Following the sale, the director owned 3,564 shares in the company, valued at $11,910,852.36. The trade was a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders bought 347 shares of company stock valued at $1,179,256 and sold 9,447 shares valued at $34,179,923. Company insiders own 2.60% of the company’s stock.

AutoZone Stock Performance

NYSE:AZO opened at $3,602.35 on Friday. The firm has a market capitalization of $59.68 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 1.77 and a beta of 0.41. AutoZone, Inc. has a 52-week low of $3,210.72 and a 52-week high of $4,388.11. The stock has a fifty day moving average of $3,556.37 and a 200 day moving average of $3,848.33.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 9th. The company reported $31.04 earnings per share for the quarter, missing analysts’ consensus estimates of $32.69 by ($1.65). The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.64 billion. AutoZone had a negative return on equity of 65.38% and a net margin of 12.78%.AutoZone’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $32.52 earnings per share. Equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

About AutoZone

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.