AutoZone, Inc. $AZO Shares Bought by Marshfield Associates

Marshfield Associates grew its stake in AutoZone, Inc. (NYSE:AZO) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,332 shares of the company’s stock after acquiring an additional 5,293 shares during the quarter. AutoZone accounts for 12.8% of Marshfield Associates’ holdings, making the stock its biggest position. Marshfield Associates’ holdings in AutoZone were worth $739,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Raleigh Capital Management Inc. bought a new stake in AutoZone in the third quarter valued at approximately $26,000. Global Trust Asset Management LLC increased its position in shares of AutoZone by 600.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after buying an additional 6 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in AutoZone during the 3rd quarter worth $34,000. Loomis Sayles & Co. L P acquired a new stake in AutoZone during the 2nd quarter worth $33,000. Finally, AlphaCore Capital LLC lifted its holdings in AutoZone by 42.9% during the second quarter. AlphaCore Capital LLC now owns 10 shares of the company’s stock worth $37,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AZO. Jefferies Financial Group reissued a “buy” rating and issued a $4,400.00 target price on shares of AutoZone in a research note on Wednesday, December 10th. Raymond James Financial cut their price objective on AutoZone from $4,800.00 to $4,600.00 and set a “strong-buy” rating on the stock in a report on Wednesday, December 10th. Truist Financial decreased their price objective on AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of AutoZone in a research note on Monday, December 29th. Finally, UBS Group set a $4,800.00 target price on shares of AutoZone in a report on Tuesday, March 3rd. One research analyst has 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4,312.13.

AutoZone Stock Performance

NYSE AZO opened at $3,490.55 on Tuesday. AutoZone, Inc. has a 52 week low of $3,210.72 and a 52 week high of $4,388.11. The stock’s 50 day moving average price is $3,654.14 and its two-hundred day moving average price is $3,794.52. The stock has a market capitalization of $57.84 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 1.82 and a beta of 0.41.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, topping the consensus estimate of $27.59 by $0.04. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same period last year, the business earned $28.29 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Insider Buying and Selling at AutoZone

In related news, VP Richard Craig Smith sold 5,910 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $3,700.00, for a total transaction of $21,867,000.00. Following the completion of the transaction, the vice president owned 2,627 shares in the company, valued at approximately $9,719,900. This represents a 69.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael A. George bought 145 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was acquired at an average cost of $3,398.13 per share, with a total value of $492,728.85. Following the transaction, the director owned 566 shares of the company’s stock, valued at $1,923,341.58. This represents a 34.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 9,447 shares of company stock valued at $34,179,923 in the last three months. 2.60% of the stock is currently owned by insiders.

AutoZone Profile

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.