--- title: "Romano Brothers AND Company Decreases Stock Position in AutoZone, Inc. (NYSE:AZO)" description: "Romano Brothers AND Company decreased its holdings in AutoZone, Inc. by 62.0% during the first quarter. Other large investors have also modified their holdings of the company. AutoZone recently report" type: "news" locale: "en" url: "https://longbridge.com/en/news/207589172.md" published_at: "2024-06-30T01:55:17.000Z" --- # Romano Brothers AND Company Decreases Stock Position in AutoZone, Inc. (NYSE:AZO) > Romano Brothers AND Company decreased its holdings in AutoZone, Inc. by 62.0% during the first quarter. Other large investors have also modified their holdings of the company. AutoZone recently reported its quarterly earnings, beating the consensus estimate. The company's stock price has been fluctuating, with analysts issuing both upgrades and downgrades. Insider activity includes a recent stock purchase by a company VP. Romano Brothers AND Company decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 62.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 750 shares of the company's stock after selling 1,222 shares during the period. Romano Brothers AND Company's holdings in AutoZone were worth $2,364,000 at the end of the most recent quarter. - 3 Powerful Examples of Share Buybacks Boosting Stock Value A number of other large investors have also modified their holdings of the business. Hohimer Wealth Management LLC grew its position in AutoZone by 1.1% during the 3rd quarter. Hohimer Wealth Management LLC now owns 361 shares of the company's stock worth $917,000 after purchasing an additional 4 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of AutoZone by 3.8% in the 4th quarter. Summit Trail Advisors LLC now owns 110 shares of the company's stock valued at $283,000 after acquiring an additional 4 shares during the period. Guardian Capital LP increased its position in shares of AutoZone by 1.3% in the 4th quarter. Guardian Capital LP now owns 301 shares of the company's stock valued at $778,000 after acquiring an additional 4 shares during the period. TriaGen Wealth Management LLC raised its stake in AutoZone by 3.9% in the 4th quarter. TriaGen Wealth Management LLC now owns 133 shares of the company's stock worth $344,000 after acquiring an additional 5 shares during the last quarter. Finally, Stiles Financial Services Inc lifted its position in AutoZone by 2.7% during the 4th quarter. Stiles Financial Services Inc now owns 191 shares of the company's stock worth $494,000 after acquiring an additional 5 shares during the period. Hedge funds and other institutional investors own 92.74% of the company's stock. ## AutoZone Stock Performance Shares of AZO stock traded up $8.70 on Friday, reaching $2,964.10. 188,441 shares of the company were exchanged, compared to its average volume of 145,426. AutoZone, Inc. has a 1 year low of $2,375.35 and a 1 year high of $3,256.37. The business has a 50-day moving average price of $2,894.37 and a 200 day moving average price of $2,864.56. The company has a market cap 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. - Advance Auto Parts Pivots Strategy to Compete with Rivals AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 EPS for the quarter, topping the consensus estimate of $35.67 by $1.02. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.29 billion. AutoZone had a negative return on equity of 54.58% and a net margin of 14.60%. AutoZone's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $34.12 EPS. As a group, equities analysts anticipate that AutoZone, Inc. will post 151.57 earnings per share for the current year. ## Insider Activity at AutoZone In other AutoZone news, VP Jenna M. Bedsole bought 36 shares of the stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of $2,757.10 per share, with a total value of $99,255.60. Following the purchase, the vice president now directly owns 36 shares in the company, valued at approximately $99,255.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is owned by corporate insiders. ## Analyst Upgrades and Downgrades - MarketBeat Week in Review – 5/20 - 5/24 Several research analysts have recently issued reports on AZO shares. StockNews.com cut AutoZone from a "buy" rating to a "hold" rating in a research note on Friday, April 12th. Truist Financial decreased their price objective on shares of AutoZone from $3,523.00 to $3,394.00 and set a "buy" rating for the company in a research note 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 research note on Wednesday, May 22nd. Wedbush reduced their target price on shares of AutoZone from $3,400.00 to $3,200.00 and set an "outperform" rating for the company in a report on Wednesday, May 22nd. Finally, Mizuho lowered their price target 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AutoZone currently has an average rating of "Moderate Buy" and a consensus target price of $3,112.88. **Read Our Latest Report on AZO** ## 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. ## Read More - Five stocks we like better than AutoZone - Low PE Growth Stocks: Unlocking Investment Opportunities - What's Behind Walgreens Stock Plunge: What Investors Can Do Next - What to Know About Investing in Penny Stocks - MarketBeat Week in Review – 6/24 - 6/28 - How to Invest in the FAANG Stocks - General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024 **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:AZO - Free Report). *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → Next-Gen AI is Creating Millionaires Right Now (From InvestorPlace) (Ad)## Should you invest $1,000 in AutoZone right now? Before you consider AutoZone, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AutoZone wasn't on the list. While AutoZone currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. 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