NEOS Investment Management LLC Has $6.08 Million Holdings in AutoZone, Inc. $AZO

NEOS Investment Management LLC increased its holdings in AutoZone, Inc. (NYSE:AZO) by 24.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,418 shares of the company’s stock after purchasing an additional 280 shares during the quarter. NEOS Investment Management LLC’s holdings in AutoZone were worth $6,084,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AZO. Raleigh Capital Management Inc. bought a new position in shares of AutoZone during the third quarter worth about $26,000. Aspect Partners LLC boosted its position in AutoZone by 700.0% during the second quarter. Aspect Partners LLC now owns 8 shares of the company’s stock valued at $30,000 after acquiring an additional 7 shares during the last quarter. Global Trust Asset Management LLC lifted its stake 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 purchasing an additional 6 shares during the period. Bank of Jackson Hole Trust acquired a new stake in AutoZone during the second quarter worth approximately $33,000. Finally, NewSquare Capital LLC grew its stake in AutoZone by 50.0% during the second quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock worth $33,000 after purchasing an additional 3 shares during the period. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Up 0.1%

AutoZone stock opened at $3,746.84 on Thursday. The company has a market capitalization of $62.09 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.78 and a beta of 0.41. The firm has a 50 day moving average price of $3,551.57 and a 200-day moving average price of $3,844.64. AutoZone, Inc. has a twelve month low of $3,210.72 and a twelve month high of $4,388.11.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 9th. The company reported $31.04 EPS for the quarter, missing the consensus estimate 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%.The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $32.52 earnings per share. Equities analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Activity

In related news, Director Brian Hannasch purchased 147 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were acquired at an average cost of $3,393.09 per share, with a total value of $498,784.23. Following the purchase, the director directly owned 962 shares of the company’s stock, valued at approximately $3,264,152.58. This trade represents a 18.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Richard Craig Smith sold 5,910 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $3,700.00, for a total transaction of $21,867,000.00. Following the sale, the vice president owned 2,627 shares of the company’s stock, valued at approximately $9,719,900. This represents a 69.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In 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. 2.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of AutoZone from $4,700.00 to $4,500.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Truist Financial decreased their price target on shares of AutoZone from $4,499.00 to $4,076.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Roth Mkm restated a “buy” rating and set a $4,650.00 price objective (down previously from $4,750.00) on shares of AutoZone in a report on Wednesday, December 10th. Evercore reiterated an “outperform” rating and set a $4,100.00 price objective on shares of AutoZone in a report on Wednesday, December 10th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $4,400.00 target price on shares of AutoZone in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4,271.25.

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.