Brookstone Capital Management Purchases 70 Shares of AutoZone, Inc. (NYSE:AZO) (2024)

Posted by MarketBeat News on Jun 30th, 2024

Brookstone Capital Management Purchases 70 Shares of AutoZone, Inc. (NYSE:AZO) (1)Brookstone Capital Management grew its position in shares of AutoZone, Inc. (NYSE:AZOFree Report) by 30.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 298 shares of the company’s stock after buying an additional 70 shares during the quarter. Brookstone Capital Management’s holdings in AutoZone were worth $939,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of AutoZone by 232,194.6% during the fourth quarter. International Assets Investment Management LLC now owns 731,728 shares of the company’s stock worth $1,891,963,000 after purchasing an additional 731,413 shares in the last quarter. Royal Bank of Canada lifted its position in shares of AutoZone by 1.3% during the third quarter. Royal Bank of Canada now owns 441,566 shares of the company’s stock worth $1,121,572,000 after purchasing an additional 5,650 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of AutoZone by 111.4% during the third quarter. Wellington Management Group LLP now owns 335,190 shares of the company’s stock worth $851,379,000 after purchasing an additional 176,623 shares in the last quarter. Norges Bank acquired a new position in shares of AutoZone during the fourth quarter worth approximately $678,350,000. Finally, Morgan Stanley lifted its position in shares of AutoZone by 4.5% during the third quarter. Morgan Stanley now owns 259,964 shares of the company’s stock worth $660,309,000 after purchasing an additional 11,104 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Barclays reduced their target price on shares of AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. Morgan Stanley reduced their target price on shares of AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 22nd. Wolfe Research cut their price objective on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Truist Financial cut their price objective on shares of AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Finally, Mizuho cut their price objective on shares of AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3,112.88.

View Our Latest Analysis on AZO

Insider Transactions at AutoZone

In related news, VP Jenna M. Bedsole acquired 36 shares of the stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $2,757.10 per share, with a total value of $99,255.60. Following the completion of the transaction, the vice president now directly owns 36 shares of the company’s stock, valued at $99,255.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is owned by insiders.

AutoZone Stock Up 0.3 %

Shares of AZO stock opened at $2,964.10 on Friday. The firm has a fifty day moving average of $2,894.37 and a 200-day moving average of $2,864.56. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. The company has a market capitalization of $50.63 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.48 and a beta of 0.71.

AutoZone (NYSE:AZOGet Free Report) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.67 by $1.02. AutoZone had a net margin of 14.60% and a negative return on equity of 54.58%. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm earned $34.12 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, equities analysts expect that AutoZone, Inc. will post 151.57 EPS for the current year.

AutoZone Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZOFree Report).

Brookstone Capital Management Purchases 70 Shares of AutoZone, Inc. (NYSE:AZO) (2)

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Brookstone Capital Management Purchases 70 Shares of AutoZone, Inc. (NYSE:AZO) (2024)

FAQs

How many shares of AutoZone stock are there? ›

According to AutoZone's latest financial reports and stock price the company's current number of shares outstanding is 17,273,000. At the end of 2024 the company had 17,273,000 shares outstanding. The number of outstanding shares is usually impacted by stock plits and shares buy back.

Is AutoZone a buy? ›

Is AZO a Buy, Sell or Hold? AutoZone has a consensus rating of Strong Buy which is based on 16 buy ratings, 3 hold ratings and 0 sell ratings.

Why is AutoZone stock so high? ›

AutoZone's sales were basically what the market was expecting, but its profits outperformed. In Q2, the company had an operating-profit margin of 19.3%. That's up from an operating margin of 18.2% in the prior-year period. Higher margins led to higher profits for AutoZone.

Who owns the most shares in AutoZone? ›

Autozone Stock Ownership FAQ

Autozone (NYSE: AZO) is owned by 91.86% institutional shareholders, 340.34% Autozone insiders, and 0.00% retail investors. Edward S. Lampert is the largest individual Autozone shareholder, owning 48.87M shares representing 286.06% of the company.

Is AutoZone in debt? ›

AutoZone long term debt for 2022 was $6.122B, a 16.17% increase from 2021. AutoZone long term debt for 2021 was $5.27B, a 4.42% decline from 2020.

Does AutoZone make money? ›

For fiscal 2022, net income increased 11.9% to $2.4 billion and diluted earnings per share increased 23.1% to $117.19 from $95.19 . Return on invested capital finished at 52.9%.

How much dividend does AutoZone pay? ›

Does AutoZone pay dividends? No.

Who is the largest shareholder of Advance Auto Parts? ›

Top Institutional Holders
HolderSharesDate Reported
Blackrock Inc.7.63MMar 31, 2024
Vanguard Group Inc6.77MMar 31, 2024
Price (T.Rowe) Associates Inc4MMar 31, 2024
State Street Corporation2.69MMar 31, 2024
6 more rows

How many times has AutoZone stock split? ›

AutoZone stock (symbol: AZO) underwent a total of 2 stock splits. The most recent stock split occurred on April 21st, 1994. One AZO share bought prior to February 3rd, 1992 would equal to 4 AZO shares today.

How much market share does AutoZone have? ›

AZO's vs. Market share relative to its competitors, as of Q1 2024
COMPANY NAMEMARKET SHARE 12 Months Ending Q1 2024MARKET SHARE 12 Months Ending Q4 2023
Autozone Inc20.65%20.46%
Autonation Inc31.06%30.93%
O Reilly Automotive Inc18.47%18.15%
Carmax Inc29.82%30.46%
1 more row
6 days ago

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