AutoZone, Inc. (NYSE:AZO) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 18.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,265 shares of the company’s stock after buying an additional 974 shares during the quarter. Toronto Dominion Bank’s holdings in AutoZone were worth $19,735,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Empire Financial Management Company LLC grew its holdings in AutoZone by 4.5% during the 3rd quarter. Empire Financial Management Company LLC now owns 395 shares of the company’s stock valued at $1,244,000 after buying an additional 17 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in AutoZone by 5.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 499 shares of the company’s stock valued at $1,572,000 after buying an additional 25 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AutoZone by 1.8% during the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock worth $1,326,545,000 after purchasing an additional 7,365 shares during the last quarter. Marshfield Associates boosted its holdings in shares of AutoZone by 0.5% during the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock worth $534,204,000 after purchasing an additional 796 shares during the last quarter. Finally, Guardian Wealth Management Inc. boosted its holdings in shares of AutoZone by 1.3% during the third quarter. Guardian Wealth Management Inc. now owns 1,871 shares of the company’s stock worth $5,894,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Price Performance

Shares of AutoZone stock opened at $3,345.71 on Friday. The business has a 50-day moving average of $3,142.71 and a 200-day moving average of $3,059.09. The company has a market capitalization of $56.56 billion, a PE ratio of 22.35, a P/E/G ratio of 1.70 and a beta of 0.71. AutoZone, Inc. has a 1-year low of $2,510.00 and a 1-year high of $3,416.71.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $32.55 earnings per share. On average, equities analysts expect that AutoZone, Inc. will post 155.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of AutoZone stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the transaction, the vice president now directly owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 56.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman William C. Rhodes III sold 13,000 shares of AutoZone stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the completion of the transaction, the chairman now owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. The trade was a 48.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,880 shares of company stock worth $46,225,660. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

AZO has been the topic of several analyst reports. DA Davidson restated a “neutral” rating and set a $3,025.00 price objective on shares of AutoZone in a report on Monday, September 30th. UBS Group raised their price objective on AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Wells Fargo & Company raised their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday. Roth Capital upgraded AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, BNP Paribas raised AutoZone to a “strong-buy” rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3,339.25.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.