AE Wealth Management LLC lowered its position in shares of AutoZone, Inc. (NYSE:AZO – Get Rating) by 47.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,815 shares of the company’s stock after selling 1,635 shares during the quarter. AE Wealth Management LLC’s holdings in AutoZone were worth $3,711,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP acquired a new stake in AutoZone during the fourth quarter worth approximately $29,000. CVA Family Office LLC acquired a new position in shares of AutoZone in the 4th quarter valued at $31,000. Comprehensive Financial Consultants Institutional Inc. acquired a new position in shares of AutoZone in the 4th quarter valued at $27,000. Johnson Financial Group Inc. acquired a new position in shares of AutoZone in the 4th quarter valued at $36,000. Finally, Larson Financial Group LLC boosted its holdings in shares of AutoZone by 157.1% in the 4th quarter. Larson Financial Group LLC now owns 18 shares of the company’s stock valued at $38,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.
In other news, EVP Philip B. Daniele sold 480 shares of AutoZone stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $2,120.00, for a total value of $1,017,600.00. Following the completion of the transaction, the executive vice president now directly owns 319 shares of the company’s stock, valued at approximately $676,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Hannasch purchased 133 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was acquired at an average cost of $1,901.95 per share, with a total value of $252,959.35. Following the completion of the acquisition, the director now directly owns 512 shares in the company, valued at approximately $973,798.40. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 4,732 shares of company stock valued at $10,277,334. 2.60% of the stock is owned by company insiders.
AutoZone stock opened at $2,159.81 on Friday. The company has a market capitalization of $42.09 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.62 and a beta of 0.90. AutoZone, Inc. has a 12-month low of $1,503.30 and a 12-month high of $2,267.40. The firm’s fifty day moving average price is $2,031.70 and its 200 day moving average price is $2,010.02.
AutoZone (NYSE:AZO – Get Rating) last announced its quarterly earnings data on Tuesday, May 24th. The company reported $29.03 earnings per share for the quarter, topping the consensus estimate of $25.70 by $3.33. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.71 billion. AutoZone had a net margin of 15.21% and a negative return on equity of 92.10%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $26.48 EPS. As a group, sell-side analysts predict that AutoZone, Inc. will post 115.07 earnings per share for the current year.
A number of equities analysts have weighed in on the stock. Morgan Stanley upgraded shares of AutoZone from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $2,125.00 to $2,420.00 in a report on Thursday, June 16th. Truist Financial decreased their price target on shares of AutoZone from $2,215.00 to $2,174.00 and set a “buy” rating on the stock in a report on Wednesday, May 25th. The Goldman Sachs Group upgraded shares of AutoZone from a “neutral” rating to a “buy” rating and lifted their price target for the company from $1,969.00 to $2,296.00 in a report on Monday, June 27th. Argus raised shares of AutoZone from a “hold” rating to a “buy” rating and set a $2,210.00 target price on the stock in a research note on Tuesday, March 29th. Finally, MKM Partners started coverage on shares of AutoZone in a research note on Thursday, June 23rd. They issued a “buy” rating and a $2,350.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and an average target price of $2,169.41.
About AutoZone (Get Rating)
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs.
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Source: defenseworld.net